Rethinking Medical Supply Chain Costs: Good to Great
Many rural hospitals today — health care providers whose mission is to serve their community’s health care needs — are apprehensive about their own financial health. Increasing expenses, decreasing reimbursement and declining patient populations as well as hospital admissions place these hospitals at risk, threatening financial viability.
Besides salaries, supplies are the second-highest expense for hospitals. By reducing those costs and better managing the medical supply chain, a hospital can move its savings margin from good to great.