We experienced it during the pandemic, we see it in the news, and sometimes we even notice it during our weekly shopping trips. Product shortages and supply chain disruptions have become headlines since 2020. But no one seems to cover the teams and people who solve for these disruptions. As
In celebration of National Supply Chain Week, we take great pride in acknowledging the importance of the health care supply chain professionals and honor them for their exceptional contributions to patient care and the innovative ways in which they support their health care organizations and communities. Shelon Anderson, BSN, RN,
You might be tempted to let your health care supply chain run in maintenance mode with a GPO. But the last few years have taught us a crucial lesson: Successful health care organizations have a strategic plan for their supply chains. And their plans are forward-thinking and future-proof. If you
In an increasingly interconnected health care landscape, the role of supply chain management has never been more crucial. From ensuring the availability of essential medical resources to optimizing costs without compromising patient care, supply chain management serves as a cornerstone of effective health care operations. On a SoundPractice podcast episode,
The health care industry faces an alarming statistic: the supply chain accounts for up to 40% of a hospital’s total operating costs, yet only 17% of products are distributed through a consolidated model. This inefficiency stems from the lack of standardization in product selection, which results in higher acquisition expenses,
It’s no secret that health care organizations routinely engage in a delicate balancing act. It’s one that has them carefully considering their efforts to improve patient experience and care alongside their need to maintain optimal profitability. Supply chain costs consistently emerge as a critical component in every discussion around sustaining
Group purchasing organizations (GPOs) have been around for a long time, allowing health care organizations to align and use their combined purchasing power to secure the best available pricing for a range of goods and services. GPOs have been a boon to health care organizations. Indeed, Advantus Health Partners, an
The current state of health care spending in the United States is a cause for concern, with unsustainable costs and significant waste. Jimmy Chung, M.D., chief medical officer at Advantus, highlights the key issues contributing to this crisis. Below are some of the strategies Dr. Chung proposed in an article
Health care organizations face many challenges in their supply chain that add to its complexity. “In health care supply chain, we lack a universal language. If you look at the retail world, you have universal product codes that help the intelligence for the digital supply chain and the flow of
Managing healthcare technology is complex. Outside of just break-fix, you’re optimizing capital, managing downtime, coordinating upgrades, and most importantly ensuring patient safety. What is healthcare technology management (HTM)? The Healthcare Technology Management (HTM) program offered by Advantus Health Partners considers all the above and more. In partnership with GE HealthCare,
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