Health care organizations face the balancing act of managing supply chains and controlling costs while maintaining quality care provide ongoing challenges. Group purchasing organizations (GPOs) offer hospitals and health systems a way to counteract rising medical supply costs and supply chain disruptions. But health care leaders are looking for more
While most health care executives share a concern about the environment, many equate sustainability initiatives with costly investments. However, when approached strategically, sustainability in health care creates bottom-line efficiencies that
As health care organizations navigate an increasingly complex landscape for 2025, supply chain leaders are reimagining their strategic role within their institutions. Based on focus group discussions with over 30
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 to
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 is
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 a
The traditional approach to health care supply chain operations is facing a transformative shift. In an article with Healthcare Purchasing News, Jimmy Chung, MD, chief medical officer at Advantus Health Partners, sheds light on the future of supply chain transformation. As health systems recognize the pivotal role of supply chain
One of the most pressing challenges faced by the health care industry is the national drug shortage crisis. Craig Wright, vice president of Pharmacy Services at Advantus Health Partners, sheds light on the complexities of this crisis and provides insight into how the health care system can tackle the issue head-on.
At Advantus Health Partners, we’re continuing to reshape health care supply chains, working to ensure that the industry remains resilient and efficient. In a recent interview with Pulse 2.0, Dan Hurry, president of Advantus, provided insights into how Advantus is revolutionizing health care supply chains. Navigating Uncharted Waters Launching a
The GE Healthcare technology management (HTM) and Advantus Health Partners collaboration offers complete lifecycle management for health system clinical assets. This program oversees all aspects of medical device management, including procurement management, expenditures, usage, maintenance, disinfection, recalls, and cybersecurity. Through this partnership, members efficiently handle medical equipment performance and risk
Advantus is “not about being everything to everybody,” as COO John Wright says. Instead of having a surplus of supplier partners in a particular category, Advantus vets and selects a narrow network of strategic suppliers. It’s important that they share our philosophy to create value that extends beyond just price
What are purchased services in health care? Purchased services make up more than 40% of a health system’s operating expenses. Despite being the highest expense for health systems beyond labor, it is often the most overlooked. Purchased services include any non-labor expenses that a hospital may contract, purchase or outsource
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
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,
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