Future of h ealth system supply chain

Transforming Today’s Healthcare Supply Chain

Recently, I read a blog post in Healthcare Finance News that focused on the transformation of the healthcare supply chain.  The authors discussed how different healthcare organizations were utilizing a number of technologies to enhance the effectiveness of their supply chain.

A clear focus on the value chain can deliver a significant return on investment. The authors point out that too often, hospitals utilize their own “homegrown” tools such as Excel spreadsheets, which can compartmentalize data and make it difficult, or nearly impossible to forecast or predict changes in supply chain demand.

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You Get What You Pay For – There is More to Cost Than Price

Financial viability is the order of the day for hospitals and health systems. However, when looking for savings, a service or item that is the cheapest is not necessarily the lowest cost.

A recent HealthLeaders’ article, “Find Deeper Healthcare Supply Chain Savings,” which I referenced last week, looked at what a number of systems are doing in order to reduce costs in their supply chain. Main Line Health (MLH), a 1,295-bed health system with $1.4 billion in annual operating revenue was featured in the article because it has undergone an organization-wide initiative to reduce supply chain spending.

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