Protect Shrinking Margins With Supply Chain Data

MedCity News February 3, 2023
John Freund

The pandemic taught hospitals that neglecting supply chain data has a cost in the form of stock outs and increased costs, but while these concerns are fading, supply chain challenges are not. As a result, hospitals that do not act now risk jeopardizing their own financial future.

Data is critical to all areas of healthcare, and the quality of that data matters. Most hospitals understand the need for high-quality data when it comes to medical care. They invest in the latest technology and resources for X-rays, CAT scans and MRIs to help doctors pinpoint patients’ problems, yet they rarely place the same importance on hospital supply chain. As a result, rather than hard data and analytics, hospital supply chain depends...

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