The time spent waiting for someone to deliver or search for supplies is another invisible cost that is often overlooked. Another invisible cost that is often overlooked is the time spent searching for supplies or waiting for someone to deliver what is needed. Healthcare organisations can regularly order the correct sizes of gloves and keep them in stock, but some patients may need more customised medical products, such as latex-free options, depending on their health status. Because supply chain objectives are not always aligned, the healthcare supply chain management process becomes fragmented and inefficient.
Healthcare organisations must be willing to take risks, such as partnering with the right external logistics provider and harnessing the power of advanced supply chain technology to create a better supply chain and risk management strategy. Here's what healthcare supply chain management entails and how healthcare organisations can overcome key challenges to further reduce spending. To ensure that they have the products (when they need them), clinicians often choose to manage or procure their own supplies. Healthcare supply chain management involves sourcing, supply management and the delivery of goods and services to suppliers and patients.
Gartner has published its tenth annual Healthcare Supply Chain Rankings, which recognise organisations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. Healthcare supply chain management is unique because each stakeholder has its own interests to protect. All of this means that investment in supply chain technology and supply chain cost management must be a number one priority for supply chain and healthcare leaders, especially as they position themselves for the shift to value-based care and look for ways to continue to deliver the highest quality care for less. However, healthcare supply chain management is often a highly fragmented and complicated process: it involves managing supplies, sourcing resources, and delivering services and goods to the healthcare provider and the patient.
Employees involved in healthcare supply chain management are responsible for supplying organisations with the products needed by suppliers and managing inventory. The problems created by medical supply shortages have been widely reported by healthcare professionals and patients in recent years. Some healthcare organisations have been successful in managing the supply chain through cost transparency. Many organisations have looked at the billing and services part of the revenue cycle to reduce the budget, but others have begun to examine their healthcare supply chain management.