ISMP In a recent report from the Institute for Safe Medication Practices, the organization presents findings from a July 2023 survey, noting that many respondents have daily struggles related to medication, equipment, and supply shortages. The report reviews areas of the medical industry most affected by these shortages, the negative impact it has on patient outcomes, and actions that staff …
Improving Efficiency for Increased Profitability
Henry Schein Medical Healthcare practices have faced ongoing financial pressure in recent years. While profit is increasing across the industry, payment rates have also grown for consumers, costs are rising, and margins remain unstable. With changing patient demographics, growing concerns about spending, and increased competition among healthcare providers, future profitability is uncertain – and will require agility to maintain. In …
Hospital Outsourcing is Gaining Popularity
Managed Healthcare Executive Hospital outsourcing, for both clinical and nonclinical services, has been growing in popularity in recent years, a trend anticipated to follow a 14.4% compound annual growth rate, according to Research and Markets and reported by a recent article from Managed Healthcare Executive. This outsourcing has been met with varying opinions, with some lauding the opportunity to bring …
2023 Trends in Healthcare Procurement
GEP Procurement in the healthcare space is a complex system of suppliers, regulatory concerns, cost management, and strategizing to ensure quality care. As industries and patient needs evolve, healthcare procurement specialists must remain agile to keep up with trends and navigate emerging challenges. In a recent article from GEP, technology and sustainability are identified as key trends for 2023 and …
Supply Day 360’s New Blog: Blog 360!
SupplyDay360 is a US-based software & services company with over 24 years of ERP supply chain, barcoding, integration, and EDI experience. We provide a complete and enhanced 360 supply chain procurement, inventory management, and payables invoice match Software as a Service (SaaS) to simplify and streamline operations, allowing customers to reduce costs and maximize patient care & revenue. Our industry …