a doctor or other practitioner, or an entity other than a provider, delivering healthcare services under medicare. Suppliers can maintain lower inventory levels thanks to data collected in real time from healthcare institutions. Suppliers can reduce risks at key points in the supply chain and provide access to state-of-the-art knowledge, processes and technologies. The company and supplier recognise the interdependence of their relationship and are committed to achieving shared outcomes.
Supplier engagement is based on five key dimensions that best portray the strength or weakness of supplier relationships, according to Gallup research. Cardinal Health has also implemented a COVID-19 strategic response plan to support the medical supply chain, better serve its customers and effectively distribute critical medical inventory to frontline healthcare workers so they have the supplies they need to safely treat their patients. In an advice-based relationship, the supplier's high-quality advice creates a partnership with the buyer that is fundamentally different from a relationship based on price - and therefore constantly negotiable. With more than 35 years of experience and extensive global distribution, AmerisourceBergen acts as the exclusive distribution partner for more than 65,000 community practices, getting doctors, nurses and healthcare professionals the supplies they need quickly and reliably so they can focus on what matters most, patient care.
It can also help purchasers and account managers prioritise which supplier partnerships require the most attention. Digitalisation in the healthcare sector and significant amounts of data can benefit suppliers by allowing them to be more agile in their production and supply chain processes. Medline Industries serves a wide variety of healthcare facilities (including acute care, surgery centres, nursing homes, hospice, palliative care and physician practices) and has a wide range of product categories, ranging from general medical (including gloves, nursing supplies and pharmacy) to specialty (including foot and ankle, urology and ostomy, and anaesthesia) to administrative and office (including office supplies, equipment and furniture). When a patient's health and life are at stake, a hospital must have full confidence that its supply partners have its best interests at heart.
Digitalisation is occurring throughout the space and is forcing suppliers and hospital systems to rethink their current relationships. Developing reliable and mutually beneficial partnerships with key suppliers can help hospitals reduce risk while providing the best possible service to patients, now and in the future. Understanding the nature of each provider partnership when viewed through the lens of these five dimensions provides a hospital with a complete perspective on the strength and quality of its provider relationships.