Synopsis: Michael Stefanic‚ director of cost management at Owens & Minor (O&M)‚ a medical and surgical supplies distributor and Daniel Borunda‚ material systems manager at Virginia Mason (VM) Medical Center came together to try to battle healthcare costs and improve the healthcare supply chain. Virginia Mason‚ a private non-profit healthcare organization based out of Seattle‚ offered both primary and specialized care and developed the Virginia Mason Production System (VMPS). The VMPS was a modified version
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Technische Universität München Management Accounting -Case Study- Harvard Business Case Case Study: Owens & Minor Structure of the Case Study 1. O&M: Company Profile 2. Costing and Pricing at O&M 3. The Case 4. O&M‘s Proposal 5. Solution of the Case-Questions © Gunther Friedl – WS 11/12 Case Study: Owens & Minor Owens & Minor‚ Inc: Company Profile Headquarter: Mechanicsville‚ Virginia‚ U.S Revenue 2010: $ 8.12 billion Number of employees 2010: 4‚800 One of the leading distributors
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Date: March 12‚ 2012 Course: Management Accounting & Control Case: Session 3: Owens & Minor (A) Date: March 12‚ 2012 Course: Management Accounting & Control Case: Session 3: Owens & Minor (A) Case Background: Who: Jose Valderas‚ divisional VP for Owens & Minor (O&M) What: How does O&M sell ABP (activity based pricing) to Ideal? Could they implement ABP to help Ideal? Why: O&M needs to improve margins; by understanding where costs are derived from
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What were reasons for implementing lean management at Virginia Mason Hospital? Lean thinking begins with driving out waste so that all work adds value and serves the customer’s needs. Identifying value-added and non-value-added steps in every process is the beginning of the journey toward lean operations. In order for lean principles to take root‚ leaders must first work to create an organizational culture that is receptive to lean thinking. The commitment to lean must start at the very top of the
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Página 1 9-100-055 REV: FE BR UAR Y 14‚ 2002 VG NARA YAN AN LI SA M BRE Owens & Minor‚ Inc. (A) Era janeiro de 1996. José Valderas‚ vice-presidente da divisão de Owens & Minor (O & M)‚ um $ 3 bilhões distribuidora de suprimentos médicos e cirúrgicos‚ estava dirigindo de volta ao seu escritório Savage‚ Maryland. Sua mente estava processando a notícia que acabara de ouvir. Sistema Único de Saúde Ideal‚ um hospital não-for-profit cadeia que nos últimos 10 anos tinha comprado suprimentos a partir de
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VMPS Facts What is the Virginia Mason Production System? The Virginia Mason Production System (VMPS) is a management method that seeks to continually improve how work is done so there are zero defects in the final product. Using this method‚ Virginia Mason (VM) identifies and eliminates waste and inefficiency in the many processes that are part of the health care experience‚ making it possible for VM staff to deliver the highest quality and safest patient care. By streamlining repetitive and low-touch
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Virginia Mason Medical Center Case 1. What is Gary Kaplan trying to achieve at Virginia Mason? Dr. Gary Kaplan was trying to achieve change at Virginia Mason. He envisioned the transformation of Virginia Mason Medical Center into the quality leader in health care and sought to lead the organization toward this vision. When Dr. Kaplan joined VMMC what attracted him to the medical field was a collaborative team approach and Virginia Masons’ unique culture that was created in the early 1900’s
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Virginia Mason Medical Clinic Discussion Questions 1. What is Gary Kaplan trying to achieve at Virginia Mason? Gary Kaplan is trying to achieve a system at Virginia Mason that is profitable while delivering the highest quality of results. 2. Why is there a need to change at Virginia Mason? There is a need to change at Virginia Mason because the organization has been losing money over the last couple of years‚ there is fierce competition and company morale is low. 3. What was the
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Case Summary: Owens & Minor Inc. Owens & Minor Inc. is one of the leading distributors of medical and surgical supplies. The company headquarters in Mechanicsville‚ Virginia‚ U.S. In 2010‚ the company has 4800 employees‚ with revenues of $8.12 billion. The company provides 200‚000 products from about 1200 manufacturers; the products include gloves‚ wound closure devices‚ sterile procedure trays‚ intravenous products‚ operating room items‚ etc. The core business-process of Owen & Minor Inc. is that
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Case Analysis (Owen & Minor‚ Inc. Company History) Name: Samuel Ansah Westwood College Instructor: Professor Ali Alavi Course: Management Capstone Date: March 31st‚ 2014 Owens and Minor Inc. History Owens & Minor Inc. is distributor of surgical and medical supplies to hospitals and other health care facilities. Owens & Minor Inc. (O&M) was founded by George Gilmer Minor Jr.‚ a wholesale drug salesman from Richmond Virginia in 1882. The name Owens & Minor came about as
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