Balancing costs in healthcare

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Uncover key strategies to balance the purchasing landscape in healthcare.

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Procurement strategies for healthcare

The supply chain and procurement function oversees most of a health system’s external spend, including non-labor spend, medical supplies, and other utilities. For some health systems this can account up to 40 percent of the organization’s total costs.

Leaders increasingly acknowledge supply chain and procurement’s central role in driving efficiency for their organizations. They also look to procurement as a way to build resilience to weather market volatility, economic downturns, supply chain issues, and other forces.

With this shift in mindset, healthcare procurement professionals have the potential to transform its practices, promote fiscal responsibility, and lead cost-effective solutions that can better the overall organization.