Reducing Healthcare Supply Chain Spending Waste

SupplyChainBrain

Supply chains account for a significant portion of healthcare costs – an estimated 25% of pharmaceutical costs and 40% of medical device budgets – yet a quarter of these costs are considered waste in the form of unanticipated expenses, poor management, and “rogue spend” that results in inefficiencies and overspending in the millions of dollars. A recent article from SupplyChainBrain breaks down where this waste originates and how healthcare providers can tackle the ongoing issue.

Through technological solutions, value assessments, improving interdepartmental communications, and and beyond, healthcare supply chains and the facilities they service can curb waste and improve bottom lines, in turn providing more manageable costs for healthcare facilities and patients alike.

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