Health Supply Chain Management Optimization Is Key for Reducing Costs
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 management expenses surpass labor costs for most hospitals, optimization becomes more important than ever. These spiraling expenses tend to hit community-based hospitals hard because many don’t wield enough purchasing power to command preferred pricing. Other hospitals, though larger or part of a health system, face unique health supply chain management challenges and concerns despite their greater purchasing power.