Supply chain is a catalyst to reducing costs, maintaining high quality of care, and improving patient outcomes – all elements critical to the CQO Movement. Improving communication and collaboration across the healthcare field, and creating a leaner more efficient supply chain are driving forces that are now changing the environment for supply chain professionals across the country.
The supply chain ecosystem has contributed to the 25% waste in the healthcare system according to a study by the National Academy of Medicine. Contributors to this waste are built into our processes because of product outdates, upgrades, and conversions; contract changes; physician preferences; and mergers and acquisitions. We can accept that reality while at the same time learn to incorporate spend reduction and cost recovery efforts as standard practice. Through technology, we can broaden communication across the healthcare community to become more efficient, free funds for other initiatives, and add greater value to healthcare.