BackTable / VI / Podcast / Episode #193

Managing Supplies in your Outpatient Facility

with Dr. Krishna Mannava and Chas Sanders

Vascular surgeon Krishna Mannava and Chas Sanders (founder of MARGIN) discuss their approach to choosing which disposables and devices to stock up on in the outpatient facility, and how to plan for supply chain issues.

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Managing Supplies in your Outpatient Facility with Dr. Krishna Mannava and Chas Sanders on the BackTable VI Podcast)
Ep 193 Managing Supplies in your Outpatient Facility with Dr. Krishna Mannava and Chas Sanders
00:00 / 01:04

BackTable, LLC (Producer). (2022, March 14). Ep. 193 – Managing Supplies in your Outpatient Facility [Audio podcast]. Retrieved from https://www.backtable.com

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Podcast Contributors

Dr. Krishna Mannava discusses Managing Supplies in your Outpatient Facility on the BackTable 193 Podcast

Dr. Krishna Mannava

Dr. Krishna Mannava is a vascular surgeon and medical director at Vive Vascular in Columbus, Ohio.

Chas Sanders discusses Managing Supplies in your Outpatient Facility on the BackTable 193 Podcast

Chas Sanders

Chas Sanders is an experienced medical device industry leader and the founder and CEO of MARGIN.

Dr. Aaron Fritts discusses Managing Supplies in your Outpatient Facility on the BackTable 193 Podcast

Dr. Aaron Fritts

Dr. Aaron Fritts is a Co-Founder of BackTable and a practicing interventional radiologist in Dallas, TX.

Show Notes

In this episode, host Dr. Aaron Fritts interviews Dr. Krishna Mannava, vascular surgeon and owner of Vive Vascular and Chas Sanders, founder and CEO of MARGIN, LLC about supply chain in an office-based lab (OBL), focusing on disposables and how to pivot amidst impending reimbursement cuts.

The three start by discussing how Dr. Mannava chose to source equipment when building his OBL. He was introduced to Chas Sanders of MARGIN through his advisory firm as they were looking at ways to approach vendors and build inventory. Chas advises against all inclusive packages with one company. Dr. Mannava states that MARGIN has not only helped him get good deals on equipment, but they have mediated relationships with companies and sales reps which has been crucial for him.

Next, they discuss supply chain issues and the impact on healthcare and Vive Vascular. Chas believes the best way to offset this is by not putting all your eggs in one basket. For an OBL, it is better to have a surplus of disposables and throw some out rather than cancel a surgery due to a backorder or recall. Chas shares his thoughts on Management Service Organizations (MSOs) for shared resources, stating that while they can be helpful with sourcing and pricing of supplies, an MSO takes around 10% of revenue which for many OBLs means paying for more than you need. They also discuss the future of multispecialty endovascular centers, and the potential for physician collaboration.

Finally, they discuss reimbursement cuts and how to compensate for this loss. Chas recommends reassessing products, evaluating procedure mix and looking at capacity, as these can all be adjusted to improve profits. Dr. Mannava adds that front desk personnel can help by ensuring insurance, coding and charges are accurate.

Resources

Disclaimer: The Materials available on BackTable.com are for informational and educational purposes only and are not a substitute for the professional judgment of a healthcare professional in diagnosing and treating patients. The opinions expressed by participants of the BackTable Podcast belong solely to the participants, and do not necessarily reflect the views of BackTable.

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Articles

Topics

Learn about Ambulatory Surgical Center (ASC) on BackTable VI
Learn about Management Service Organization (MSO) on BackTable VI
Learn about Office-Based Lab (OBL) on BackTable VI
Learn about Reimbursement on BackTable VI
Learn about Supply Chain on BackTable VI
Learn about Vascular Surgery on BackTable VI

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