Healthcare DIVE November 15, 2019
Ron Shinkman

Dive Brief:

  • Unnecessary spending on supply chain products and related operations reached $25.7 billion in 2018, according to a Navigant study of 2,127 hospitals.
  • Hospitals had an opportunity last year to cut their supply expenses by 17.4% on average, which translates into an average $12.1 million in dollar savings, up 22.6% from 2017. That’s an amount equivalent to the salaries of 165 registered nurses or 50 primary care physicians.
  • The numbers vary significantly by region and hospital type, with for-profits and rural facilities tending to be more efficient than larger academic healthcare systems.

Dive Insight:

In the ever-competitive hospital business, facility managers are always trying to find an edge. Better supply chain management may provide it, but there...

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Topics: Health System / Hospital, Market Research, Provider, Supply Chain, Technology, Trends
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