DOTmed November 20, 2019
A Navigant analysis of 2,127 hospitals has found $25.7 billion being spent on unnecessary hospital supply chain spending annually in the U.S.
The figure is a $2.7 billion rise from its previous estimate in 2017, with the average annual supply expense reduction opportunity for individual hospitals jumping 22.6 percent from its 2017 figure to $12.1 million. The analysis also points out discrepancies between top performing health systems and other medical practices.
“Unfortunately supply chains are just not that strong at managing their expenses in healthcare,” Rob Austin, director of health systems for Navigant, told HCB News. “With a lot of margin pressure for hospitals and health systems, they’ve cut a lot of shared services. There has been a lack of...
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