Hospitals waste billions on bad supply chain management, Navigant says

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...

Today's Sponsors

Today's Sponsor