Group purchasing organizations (GPOs) offer health systems many benefits, such as lower costs and easier procurement processes. But GPO practices may be diluting these benefits, nullifying value for both health systems and providers. Many GPOs allow virtually any supplier to join its contracts. And while this business model may appear
In a world increasingly conscious of climate change and its impacts, health care organizations are stepping up to address their environmental footprint. “About 10% of the carbon emissions generated in the U.S. come from health care, and roughly 80% of that is related to supply chain,” says Dr. Chung. “There
Purchased services keep health care running. But these essential purchases — like technology maintenance, hospitality services and business supplies — can easily become a financial drain on your health system. And simply achieving a lower price won’t create long-term cost savings. It takes many small steps of continuous process improvement to achieve
Retail approach to health care supply chain sparks new partnership Cincinnati, Ohio and Anchorage, Alaska (May 14, 2024) — The pandemic caused many organizations to adapt and make changes, which holds true for Advantus Health Partners and Warrior Outdoor, LLC. The leaders of Advantus Health Partners accelerated the launch of
Indirect procurement firm fills important supply gaps Cincinnati, Ohio and Louisville, KY (May 09, 2024) — Advantus Health Partners announced a new strategic collaboration with indirect expenses and supplier management experts, Alliance Cost Containment (ACC). ACC is an award-winning procurement firm that specializes in printing services, telecom, Maintenance, Repair, and
The health care industry contributes significantly to greenhouse gas emissions, accounting for about 8% of U.S. emissions. Lowering the industry’s environmental footprint while reducing costs and improving patient care is the new trifecta for supply chain leaders and their allies among hospital leadership and medical professionals. In one effort, a
Value analysis serves as a cornerstone for fostering collaborative relationships between Integrated Delivery Networks (IDNs) and suppliers within health care. An article in The Journal of Healthcare Contracting details invaluable perspectives shared at the IDN Insights West panel that included Cheryl Anderson Smith, System Director of Value Analysis at Steward
Going Beyond the Financials If your health system is looking to reduce supply chain costs, you’re not alone. Nearly half of health care leaders are prioritizing supply chain as the number one cost-saving initiative this year. Many health system leaders rely on their GPOs to leverage collective purchasing power. But
Exclusive supply chain GPO contracts handcuff health systems by limiting their options and stifling value.
In 2024, executives in the health care supply chain are challenging how things are done. They are thinking differently about supply chain, moving it from a line item to the bottom line. Recent years have been tough, with lots of challenges, like more drug shortages than we’ve seen in almost
© Advantus Health Partners. All Rights Reserved. Privacy Policy Compliance Info
