Three trends driving healthcare supply chain ‘reinvention’

As health systems face continued financial challenges, 47% of healthcare leaders say supply cost reductions will be among their top cost-saving initiatives this year.

But achieving significant and sustainable savings will require organizations to creatively rethink their approach to containing supply chain costs.

Forward-thinking health systems have already “picked” much of the low-hanging fruit for decreasing costs of products, equipment and inventory. Now, they must consider how to brace for more cost increases as McKinsey predicts non-labor expenses in healthcare—including for supplies—will rise by up to $110...