4 ways hospitals can alleviate 'supply shocks': McKinsey

Becker's Healthcare July 12, 2023
Paige Twenter

Health systems that are not prepared for “supply shocks” can face reputational and financial losses and quality care issues, according to a July 11 article from McKinsey.

Most systems have between 30,000 and 60,000 clinical supply SKUs, according to the consulting firm, and shortages of any of these can add stress among healthcare workers and hurt employee engagement, mental health and job satisfaction.

McKinsey has four tips for health systems looking to strengthen their supply chain:

1. Attain a clear picture of the supply chain

It may not be cost-effective to implement inventory-tracking systems for all supplies, but it could be smart to consolidate inventory data and invest in an analytics dashboard that shows the quantity and...

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