LATEST INTELLIGENCE
NAVIGATING THE CHANGING LANDSCAPE OF HEALTHCARE PROCUREMENT
The supply chain and procurement function oversees most of a health system ’ s external spend , including non-labour spend , medical supplies , and other utilities . This accounts for up to 40 percent of the organisation ’ s total costs . Leaders increasingly acknowledge supply chain and procurement ’ s central role in driving efficiency for their organisations . They also look to procurement as a way to build resilience to weather market volatility , economic downturns , supply chain issues , and other disruptive forces .
67 % of health system executives now view the supply chain function as more strategic and less transactional . Source : McKinsey Survey of Health System C-suite and Supply Chain Executives 2022
Healthcare procurement challenges
Selection and Pricing
When the economy experiences a downturn and cost-cutting becomes the highest priority , access to a wide selection of products with competitive pricing and high quality is integral to both survival and growth .
Purchasing Operations
Traditional sourcing tactics , with notoriously slow and tedious processes , tend to decelerate operations and frustrate staff .
Spend Visibility
Rising purchases outside of existing supply chain management systems make it difficult to manage policy adherence and track spend .
Balancing the purchasing landscape in healthcare
Healthcare leaders must increasingly balance the need for sourcing speed with visibility on buying behaviour and spend management . To prosper in the face of uncertainty , organisations must adopt more agile supply chain operations that make buying easy while optimising costs . p
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