Hospitals constantly strive to reduce healthcare costs but many overlook crucial improvements through supply chain management that could potentially save them millions as supply costs continue to grow.

Many hospitals are not taking advantage of the data analytic capabilities available to optimize cost savings. Supply management solutions provide broader insight into usage and costs and can help align a hospital’s clinical and business optimization goals. Investing in supply chain management and making it a top priority will pay off big time by improving quality and reducing annual expenses up to 11 million annually per hospital.

Last month, Managed Healthcare Executive provided insight on the importance of hospitals working together with supply chain management to optimize cost savings and improve patient outcomes. Read about it here: https://www.managedhealthcareexecutive.com/business-strategy/most-hospitals-miss-out-millions-supply-chain-management-savings