McKinsey April 13, 2023
As value-based care gains traction, health systems are seeking to derive greater value from procurement and supply chain efforts, including by investing in initiatives to improve clinician engagement.
As countries across the globe continue to adopt value-based care models, it has become imperative for health systems to offer high-quality, cost-efficient care. With supply costs in our experience accounting for 30 to 40 percent of a typical health system’s cost base, health systems will achieve this goal only if they can better manage their use of clinical supplies.
Many health systems try to drive value in this domain by standardizing supply use wherever possible, but lack of alignment with their clinical workforces—physicians, nurses, pharmacists, and allied...
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