HOW TO IMPROVE HOSPITAL SUPPLY CHAINS
Update Your Healthcare Supply Chain Management
The next generation of supply chain leaders have an opportunity to add increased value in hospitals and make measurable contributions to profitability, patient care and growth. According to a Cardinal Health study, 85% of hospital executives say that reducing healthcare supply chain waste and related costs topped their strategic priority lists. Those surveyed also said they expect supply chain leaders to develop and implement new strategies that will not only reduce costs, but improve clinical outcomes and elevate the overall patient experience.
Today, supply chain is charged with optimizing capital acquisitions, reducing non-labor spend and standardizing vendors. But as senior leadership has begun to more closely examine clinical and operational processes, it is becoming clear that next-generation supply chain teams can have a tremendous impact on clinical outcomes, patient satisfaction, brand reputation, reimbursement levels and staff job satisfaction. Today, supply chain spend consumes about 40% of a hospital’s total operating budget, which is second only to labor costs. So, not only is the impact of the modern supply chain far-reaching, it is core to the overall financial success of the hospital.
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Elevate Your Team – Improve Your Hospital