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US hospitals are spending $25.4 billion more than necessary on supply chain

by John R. Fischer, Senior Reporter | October 24, 2018
Business Affairs

In addition, enhancements to supply chain departments usher in greater collaboration among physicians, nurses and other clinicians with supply chain, finance and IT departments, as well as with suppliers on value-based and other contracting initiatives.

“The key takeaway for health system executives is that investments in supply chain management pay off,” Kevin Connor, vice president of Supply Chain Management at TriHealth, said in a statement. “Those systems with the highest-performing supply chains are combining data analytics, collaborative clinician engagement, and deep subject matter expertise to drive care delivery improvements to the benefit of the communities they serve.”

Navigant works with providers, clinicians and health plans to provide strategic, performance improvement, and business process management solutions that help them meet quality and financial goals.

Total supply costs refer to medical and implantable device prices, medical/surgical and pharmaceutical supplies charged to patient care departments, and supply costs regarding buildings/fixtures, maintenance and plant operations.

Capital equipment, labor, utilities and some specialty pharmaceuticals were not included in the analysis. The study used data from 2016-2018, derived from Definitive Healthcare.

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