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Blogs

Streamlining Health Care Supply Chain: The Power of the ‘Costco Model’

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, excess

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Blogs

Optimizing Physician Preference Items To Reduce Operating Costs: A 5-Step Process

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 this

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Blogs

Is it Time to Invest in a Supply Chain Partner?

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 end-to-end

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