Empowering Your Supply Chain in a Time of Transformation

For far too long, hospitals have been operating with an unsustainable model – healthcare expenses continue increasing, forcing operating profit margins down, while supplier profit margins continue to rise. Additionally, supply chain teams spend most of their time fighting fires – negotiating with suppliers, dealing with backorders, product procurement and identifying cost savings, all while maintaining a balance between payor mix and savings goals. All that ‘firefighting’ leaves little time or energy for projects that will affect lasting change. Adding in the stresses of COVID-19 shortens the already limited budget and time for targeted strategies. However, as operations and elective surgeries ramp up, there is an incredible opportunity for transformation in which hospitals can take back control...