Healthcare Finance News May 20, 2020
Avoiding bulk ordering in favor of smaller and more frequent shipments can save hundreds of thousands of dollars.
With hospital margins shrinking or disappearing due to the COVID-19 coronavirus, healthcare organizations are looking for ways to trim costs and achieve operational efficiencies.
Even with states reopening their economies and hospitals resuming elective surgeries, cost containment will remain a strategic part of how providers do business — and one area ripe for exploration is the supply chain.
Certainly, some items such as personal protective equipment and ventilators will need to be stockpiled, as shortages have plagued hospitals in their efforts to contain and treat the virus. Other, more pedestrian items can be ordered and handled differently, streamlining the process and...
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