With tightening budgets, Miravida Living was challenged with combining the purchasing efforts of its multiple locations. How could Miravida Living effectively decrease redundant inventories, optimize volume purchasing to obtain better pricing and reduce time-consuming manual input in their procure-to-pay system?
By partnering with Inventory Optimization Solutions (IOS), an Intalere contracted supplier, Miravida Living implemented ENVI, a materials management system, in May of 2016. Through the use of ENVI, Miravida Living has moved to an electronic method of inventory management that is visible to the entire campus. The facility is able to channel all purchasing activities through ENVI to focus purchases to approved suppliers. Once implemented, ENVI was able to offer a view into the complete supply chain.
Since the launch of the program, Miravida Living has seen an initial reduction of 1,300 hours relating to the purchasing process. This will equate to an annual savings of $30,000 in labor spend. The facility has realized a 51% increase in contract utilization resulting in an increase in rebates and a potential of approximately 10-12% reduction in price paid for goods. By standardizing the products purchased and consolidating volumes, Miravida Living will continue to see results through better pricing.
ABOUT MIRAVIDA LIVING
Miravida Living provides a full continuum of housing and healthcare services for the elderly and others in need. Included in their offerings are Bethel Home, a 128-bed skilled nursing facility, Eden Meadows with 30 rehabilitation suites and 20 skilled care beds, Gabriel’s Villa with 40 assisted living apartments, Elijah’s Place with 12 beds dedicated to dementia care, Carmel Residence featuring 74 apartments dedicated to independent living and three HUD subsidized complexes offering 220 apartments to seniors 62+ years of age.