Presumably, your hospital’s group purchasing organization (“GPO”) is saving you money on supplies, but how does it measure up otherwise?
A lot of relationships between hospitals and their GPO turn...
CEO involvement critical to optimizing performance.
It’s common knowledge that supplies often comprise 25 percent or more of a typical hospital budget. Compared to larger institutions, community hospitals with less...
Optimizing supply-chain expenses has taken on greater importance due to a continuing trend of rising prices. Hospitals face price hikes of 5 to 10 percent for some PPE categories for...
While some states are lifting stay-at-home orders as new cases of COVID-19 level off, many rural areas are seeing an uptick in cases and may be weeks away from peaking....
Hospital supply chain management has become a red-hot buzzword these days in the medical field, and its importance seems to be growing exponentially every few months. Most hospitals are faced...
Across the United Sates, news of the rising cost of healthcare is spreading. The U.S. government reported that Americans spent $3.65 trillion on healthcare in 2018. This level of spending...
In 2020, supply chain costs are projected to surpass labor as the greatest expense for the average hospital. That’s why the supply chain continues to be a main focus of...
Supply costs are one of the fastest-growing cost centers for hospitals. Yet 18% track no supply chain metrics at all, according to a recent industry survey. As health supply chain...
