McKinsey & Company Economic pressures continue to create challenges across American healthcare, requiring professionals throughout the industry to develop agile solutions in the face of rising costs, labor shortages, limited revenue, and beyond. From supply chain teams to care providers, each sector of the healthcare industry is addressing these ongoing challenges in novel ways. As reported in a recent article …
The Critical Role of Healthcare Procurement
BW Healthcare World Procurement is a key driver of healthcare quality, directly impacting patient outcomes and operational efficiency alike. A recent article from BW Healthcare World looks at this essential piece of the healthcare industry, noting the complex nature of procurement efforts and the challenges faced by those responsible for them. From patient safety and regulatory compliance to costs and …
New AI Tool Predicts Drug Shortages
Pharmacy Practice News Drug shortages continue to be a major issue for hospitals and healthcare system pharmacies, and mitigating these shortages is one of the most pressing challenges facing managers and decision makers. According to a recent article from Pharmacy Practice News, a variety of resources have been helpful in predicting drug availability – namely FDA’s drug shortage database, AHSP …
Using Technology to Manage Medical Shipments
AltexSoft A recent article from AltexSoft illuminates many of the challenges facing medical supply chains, particularly those around shipping medicine, and shows how advances in technology improve processes across the industry. Accurate, timely delivery is one essential piece of achieving patient outcomes, but proper storage, tracking, packaging, and handling are also important components of the larger logistics picture. Through modern …
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 …
Emerging Healthcare Trends Predict Major Changes for Providers
Forbes Looking to the future of healthcare for 2024 and beyond, Forbes recently published an article identifying six major trends that indicate large changes for providers nationwide. Citing ongoing issues with workforce shortages, supply chain problems, changing technologies, gaps in quality of care, and high costs, the article also offers insight into how healthcare providers are already addressing these industry-wide …
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 …