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Steady Stream Program:
Healthcare Materials Management
Presenters:
Aidan McCrea
Don Ramsay
Presenters
An energetic marketing
professional, Aidan brings a
wealth of digital and
traditional marketing
experience to Binary Stream’s
growing team.
A CPA, CMA certified
accountant for 15 years, with
5 years as a Dynamics GP
consultant, Don brings a
wealth of experience to his
role as Solutions Consultant
here at Binary Stream.
Steady Stream Program Schedule
Solution
Information
Sales Strategies
and Tips
Marketing
Strategies and Tips
• GP does not allow internal consumption of Inventory
• Example: Items get transferred to a “Surgical Tray”. They are expensed but still need to be
countable. GP does not allow for this.
• Some required inventory items need to be purchased and stored as non-stock items. GP does
not provide inventory management for those items
• Not cost effective to purchase GP licenses for all who need access to supplies
• This potentially adds unnecessary additional GP licenses for limited usage
• Not easy for professional health care workers to access needed supplies.
• Many business specific functions not covered in most ERPs
Business Pains (There are more but we only have an
hour)
• GP (and other ERPs) are super foundational products but…
• Companies have different needs and operational requirements
• It is extremely complicated to try and add every possible need into a single product
• As a result of not having all functionality in a single product….
• Companies utilize Excel or other spreadsheets (or methods) to track needs
• This results in very manual processes that are significantly error prone.
• Also results in huge time saving losses at month end or other reporting deadlines
Reasons for Business Pain
• Specific purpose products are designed to handle specific needs (ISVs)
• Think of a cell phone with multiple apps that each user can choose to make their cell
phone unique for their needs.
• With ‘apps’, ERPs like GP can now greatly extend their capabilities
• This leads us to HMM (Healthcare Materials Management)
• Expands capability of GP to handle many unique healthcare needs
• Covers inventory, requisitions, purchasing, contracts, etc.
• Let’s take a look and see how HMM can help
Solutions?
Sales Strategies & Tips
• Warehouse/store managers spending longer than necessary to complete cycle
counts
• Company has a need to reduce inventory costs
• Needs more accurate inventory reporting
• Reduce time and complexity for end users to order inventory
• Needs more central control to manage and approve orders and obtain best
volume pricing
Characteristics of a Good HMM Prospect
• CEO
• CFO
• Purchasing
• Warehouse/Stores Manager
• Materials Consumers
• Controller
• Supply Chain Manager
Decision-Maker Supporters/Influencers
Ideal Buyer Roles
• Hospital/Clinic/Facility that only has one location/store
• Facility that has no central stores
Characteristics of a Bad HMM Prospect
• Expenses are charged right away when transferring inventory into use
• Integration with handhelds
• Widely used by hospitals already, is a very trusted name in HMM
• No need to do manual purchase orders
• Easy integration, as long as buyer utilizes Microsoft GP in their facilities
• More general solutions don’t integrate with handhelds
• Standalone material management applications provide limited data and detail in the
ERP system
• Standalone material management apps require separate reporting tools
Key HMM Differentiators
“We’re concerned about the cost/ROI”
• HMM reduces inventory costs, ensuring your ROI over time
“I’m afraid it’s too complicated to implement”
• We offer training for you and your staff for an easy transition
“I don’t know if it will integrate well with my current systems”
• As long as you’re running Microsoft/Dynamics GP, HMM will integrate easily because
it is designed specifically for this environment
Handling Objections
• Simplifies complex materials management processes
• Allows for integration with industry standard requisition software, and
seamlessly communicates with your ERP
• Receive automatic alerts when it’s time to reorder for any consumption site or
procurement center
• Ensures the best possible purchase by using pre-established vendor contract
prices
How it adds value for a company
• Use mobile phones or scanners to easily recognize usage, update inventory,
and request materials in real time, without additional ERP licenses
• Automate usage processes, allowing you to focus more on what matters
• Boost procurement efficiency by leveraging insightful data created by HMM
• Efficiently move supplies and equipment throughout the Healthcare Supply
Chain
• Print labels with ease from anywhere within the system
How it adds value for a company Pt. 2
Marketing Strategies & Tips
• HMM is best distributed to in very specific campaigns
• It has specific functionality that benefits companies with a short set of problems
• Your distribution strategy should focus on key benefits and capabilities
• Use a very personalized approach to marketing this solution
• Try to match your end-users need with a marketing approach that addresses those
Key Distribution Tactics
• Healthcare supply chain management has many association and groups to be part of
• In these groups you’ll not only be able to find prospects, but also further marketing & sales tips
• Find the groups on LinkedIn, Facebook, Forums, Reddit
• AHRMM (Association for Health Care Resource and Materials Management) is the biggest health
care supply chain association in the North America
• They have a conference every year in August
• 1000+ attendees
• 80+ speakers
• Ahrmm.org
• WSHMMA (Western States Healthcare Materials Management Association) is another large
healthcare materials management association/conference
• Wshmma.org
Materials Mgmt. Groups & Tradeshows
• Supply chain conferences are massive; it’s important that if you sponsor or
attend that you position yourselves in an unique way
Things to consider:
• Booth location
• Try to be near the entrance to the hall
• Decide whether it’s better for you to be near a large competitor to draw audience, or far away to not get
lost in their traffic
• Setup meetings
• This will allow you get the best ROI from the conference you attend, especially with HMM, which isn’t a
flashy solution
• Plan your booth, collateral, and budget early
• Make sure you’re utilizing messaging that has a strong CTA
Materials Mgmt. Tradeshow Tips
• HMM is an unique solution because it is fully integrated into Dynamics GP
• It is built in dexterity, Microsoft Dynamics native coding language
Further major points to communicate include:
• Overall mobile support
• Users can access a requisition portal from a smart device, tablet, handheld, or other mobile computer
• Effective supply chain management
• Optimizes your supply chain by providing deep control of your requisitions, procurement, fulfillment
and consumption processes
• Cost-saving features
• Materials management is the 2nd highest cost center for many hospitals & clinics
• HMM provides the insight needed to reduce material costs
Communicating the Benefits of HMM
• HMM is an ideal solution for:
• Multi-facility hospitals or hospices
• Clinics that share supply inventories & purchasing
• Multi-facility long-term care facilities
• Long-term care homes with central stores
• Multi-facility healthcare organizations
• Including those with a variety of care models and facility types
• It is fully integrated with Multi-Entity Management (MEM)
• With MEM & HMM, you have the ability to manage multiple entities in a single database and
centralize processes.
Top Industries for HMM
• Binary Stream offers resources to help you market the solution to customers.
These include:
• Web Portals Information Sheet
• HMM Battlecard
• Information about customer pain points, key messages, ideal targets, questions to ask, etc.
• HMM Case Study
• Frankford Hospital
• HMM Brochure
HMM Tools that Binary Stream Offers
Questions?
See you next month!

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Steady Stream Webinar Series - Healthcare Materials Management

  • 1. Steady Stream Program: Healthcare Materials Management Presenters: Aidan McCrea Don Ramsay
  • 2. Presenters An energetic marketing professional, Aidan brings a wealth of digital and traditional marketing experience to Binary Stream’s growing team. A CPA, CMA certified accountant for 15 years, with 5 years as a Dynamics GP consultant, Don brings a wealth of experience to his role as Solutions Consultant here at Binary Stream.
  • 3. Steady Stream Program Schedule Solution Information Sales Strategies and Tips Marketing Strategies and Tips
  • 4. • GP does not allow internal consumption of Inventory • Example: Items get transferred to a “Surgical Tray”. They are expensed but still need to be countable. GP does not allow for this. • Some required inventory items need to be purchased and stored as non-stock items. GP does not provide inventory management for those items • Not cost effective to purchase GP licenses for all who need access to supplies • This potentially adds unnecessary additional GP licenses for limited usage • Not easy for professional health care workers to access needed supplies. • Many business specific functions not covered in most ERPs Business Pains (There are more but we only have an hour)
  • 5. • GP (and other ERPs) are super foundational products but… • Companies have different needs and operational requirements • It is extremely complicated to try and add every possible need into a single product • As a result of not having all functionality in a single product…. • Companies utilize Excel or other spreadsheets (or methods) to track needs • This results in very manual processes that are significantly error prone. • Also results in huge time saving losses at month end or other reporting deadlines Reasons for Business Pain
  • 6. • Specific purpose products are designed to handle specific needs (ISVs) • Think of a cell phone with multiple apps that each user can choose to make their cell phone unique for their needs. • With ‘apps’, ERPs like GP can now greatly extend their capabilities • This leads us to HMM (Healthcare Materials Management) • Expands capability of GP to handle many unique healthcare needs • Covers inventory, requisitions, purchasing, contracts, etc. • Let’s take a look and see how HMM can help Solutions?
  • 7.
  • 9. • Warehouse/store managers spending longer than necessary to complete cycle counts • Company has a need to reduce inventory costs • Needs more accurate inventory reporting • Reduce time and complexity for end users to order inventory • Needs more central control to manage and approve orders and obtain best volume pricing Characteristics of a Good HMM Prospect
  • 10. • CEO • CFO • Purchasing • Warehouse/Stores Manager • Materials Consumers • Controller • Supply Chain Manager Decision-Maker Supporters/Influencers Ideal Buyer Roles
  • 11. • Hospital/Clinic/Facility that only has one location/store • Facility that has no central stores Characteristics of a Bad HMM Prospect
  • 12. • Expenses are charged right away when transferring inventory into use • Integration with handhelds • Widely used by hospitals already, is a very trusted name in HMM • No need to do manual purchase orders • Easy integration, as long as buyer utilizes Microsoft GP in their facilities • More general solutions don’t integrate with handhelds • Standalone material management applications provide limited data and detail in the ERP system • Standalone material management apps require separate reporting tools Key HMM Differentiators
  • 13. “We’re concerned about the cost/ROI” • HMM reduces inventory costs, ensuring your ROI over time “I’m afraid it’s too complicated to implement” • We offer training for you and your staff for an easy transition “I don’t know if it will integrate well with my current systems” • As long as you’re running Microsoft/Dynamics GP, HMM will integrate easily because it is designed specifically for this environment Handling Objections
  • 14. • Simplifies complex materials management processes • Allows for integration with industry standard requisition software, and seamlessly communicates with your ERP • Receive automatic alerts when it’s time to reorder for any consumption site or procurement center • Ensures the best possible purchase by using pre-established vendor contract prices How it adds value for a company
  • 15. • Use mobile phones or scanners to easily recognize usage, update inventory, and request materials in real time, without additional ERP licenses • Automate usage processes, allowing you to focus more on what matters • Boost procurement efficiency by leveraging insightful data created by HMM • Efficiently move supplies and equipment throughout the Healthcare Supply Chain • Print labels with ease from anywhere within the system How it adds value for a company Pt. 2
  • 17. • HMM is best distributed to in very specific campaigns • It has specific functionality that benefits companies with a short set of problems • Your distribution strategy should focus on key benefits and capabilities • Use a very personalized approach to marketing this solution • Try to match your end-users need with a marketing approach that addresses those Key Distribution Tactics
  • 18. • Healthcare supply chain management has many association and groups to be part of • In these groups you’ll not only be able to find prospects, but also further marketing & sales tips • Find the groups on LinkedIn, Facebook, Forums, Reddit • AHRMM (Association for Health Care Resource and Materials Management) is the biggest health care supply chain association in the North America • They have a conference every year in August • 1000+ attendees • 80+ speakers • Ahrmm.org • WSHMMA (Western States Healthcare Materials Management Association) is another large healthcare materials management association/conference • Wshmma.org Materials Mgmt. Groups & Tradeshows
  • 19. • Supply chain conferences are massive; it’s important that if you sponsor or attend that you position yourselves in an unique way Things to consider: • Booth location • Try to be near the entrance to the hall • Decide whether it’s better for you to be near a large competitor to draw audience, or far away to not get lost in their traffic • Setup meetings • This will allow you get the best ROI from the conference you attend, especially with HMM, which isn’t a flashy solution • Plan your booth, collateral, and budget early • Make sure you’re utilizing messaging that has a strong CTA Materials Mgmt. Tradeshow Tips
  • 20. • HMM is an unique solution because it is fully integrated into Dynamics GP • It is built in dexterity, Microsoft Dynamics native coding language Further major points to communicate include: • Overall mobile support • Users can access a requisition portal from a smart device, tablet, handheld, or other mobile computer • Effective supply chain management • Optimizes your supply chain by providing deep control of your requisitions, procurement, fulfillment and consumption processes • Cost-saving features • Materials management is the 2nd highest cost center for many hospitals & clinics • HMM provides the insight needed to reduce material costs Communicating the Benefits of HMM
  • 21. • HMM is an ideal solution for: • Multi-facility hospitals or hospices • Clinics that share supply inventories & purchasing • Multi-facility long-term care facilities • Long-term care homes with central stores • Multi-facility healthcare organizations • Including those with a variety of care models and facility types • It is fully integrated with Multi-Entity Management (MEM) • With MEM & HMM, you have the ability to manage multiple entities in a single database and centralize processes. Top Industries for HMM
  • 22. • Binary Stream offers resources to help you market the solution to customers. These include: • Web Portals Information Sheet • HMM Battlecard • Information about customer pain points, key messages, ideal targets, questions to ask, etc. • HMM Case Study • Frankford Hospital • HMM Brochure HMM Tools that Binary Stream Offers