Creating a Clinically Aligned Supply Chain
What is a clinically integrated supply chain? It’s never been more critical for healthcare supply chains to be aligned with the clinical objectives of their hospitals and health systems. In the past, supply chains were siloed and separated from clinical concerns. However, integrating them to be more situationally aware, innovative, and collaborative is one of […]
Improve Hospital Financial Performance
Inflation has caused healthcare input costs to surge U.S. inflation hit a 40-year high in 2021, and its impact has driven up healthcare costs significantly. Nationally, healthcare spending is expected to increase by $370 billion within the next five years.¹ Additionally, supply chain issues are causing non-labor costs to increase by up to $110 billion.² […]
How To Develop a Resilient Healthcare Supply Chain
Building a more resilient healthcare supply chain As with last year, healthcare supply chain disruptions look to be an enormous challenge for health systems in 2023. An article on NikoHealth.com from this past December suggests that to prepare for this, providers should “take complete control of their supply chains” using automation and cloud-based solutions that […]
Mitigating Healthcare Supply Chain Inflation
Inflation continues to impact the healthcare industry As the U.S. economy continues to struggle with inflation, hospitals and health systems are feeling the squeeze. According to Kaufman Hall’s December 2022 National Hospital Flash Report, hospitals saw margins improve last November, but median hospital margins remained negative. Now, with the annual inflation rate for the U.S. […]
The Role of the Digital Healthcare Supply Chain in the Patient Journey
Developing clinically integrated and digital healthcare supply chains As we embark upon 2023, we’re reading a lot about Digital Front Door (DFD) Platforms. These platforms are working with or replacing patient portals to create more holistic and personalized patient experiences. Although it’s easy to assume DFD platforms are far removed from the supply chain world, […]
Cost Control and Reduction Strategies in Specialty Pharmacy
Critical Issues Affecting Today’s Specialty Pharmacies Part Four: Specialty Pharmacy Cost Management Strategies When it comes to cost control for specialty pharmacies, there are three key areas that need to be addressed: Uncontrolled shipping spend Specialty pharmacies are often using generic shipping software or providers that require them to ship with one specific carrier or […]
