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5 Healthcare Purchased Services & Supply Chain Predictions for 2019

 

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The evolution of supply chain management is having a significant impact on the overall success or failure of a hospital. Efficiency, transparency, and quality data will be critical to a health system’s successful 2019 supply chain strategy. Simply following the same trajectory as years past with your existing supply chain isn’t going to provide results in the future and could potentially do some harm. Hospitals and health systems need to transform their supply chains – aiming for best-in-class operations.

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Using Purchase Orders to Cut Wasteful Healthcare Spending

Healthcare spending in the United States is the stuff of legenda massive expenditure that only grows bigger each and every year. According to the National Health Expenditure Accounts (NHEA), U.S. healthcare spending rose 4.3% in 2016 to $3.3 trillion or $10,348 per person. These figures represent a 17.9% share of Gross Domestic Product.[1] While this money does go to securing some truly great healthcare, there is also much waste hidden in these annual numbers. A report by the National Academy of Medicine estimates that the nations healthcare system wastes $765 billion annually, with $210 billion spent on unnecessary or overpriced care.[2] One way health system leaders can drive leaner operations and reduce wasteful spending is through the use of purchase orders (POs).

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