Category Optimization
Identifying drivers of supply costs, savings opportunities and more
Right Care, Right Location
The pandemic accelerated existing strategies for providing higher quality care at a lower cost and with greater convenience. As the volume of care grows, more and different products, supplies, and services are needed. Not to mention more efficient and digitized supply chain and procurement processes. But to realize maximum value, health systems must take a comprehensive, strategic approach to expand standardization and automation across the supply chain into non-acute care locations.
2https://www.healthcarefinancenews.com/news/health-systems-increase-operating-margins-through-diversification-strategies
Supplies are second only to labor in health system expenses, and expanding care delivery adds costly logistical challenges. So it’s critical to align your supply chain when considering alternative care sites.
For the non-acute space specifically, there are a unique set of workforce and technological challenges—like procure-to-pay (P2P) silos, manual and paper-based processes and costly, complex supply chains. When acquiring any care location, you inherit the existing processes and technologies.
Without a comprehensive expansion strategy in place, you could take on inefficiencies, excess costs, revenue leakage and more. You run the risk of negating the potential financial benefits of providing lower lower-cost care outside the hospital.
Yes, better supply chain management can boost margins and improve finances.2 But it’s important to note that there's even more more at stake here—supply chain weaknesses can also impact clinical care and patient outcomes.
2https://www.healthcarefinancenews.com/news/health-systems-increase-operating-margins-through-diversification-strategies
Supply chain leaders have worked tirelessly to optimize processes and improve care quality and costs. By extending these enhanced processes and advanced technologies into the non-acute space, health systems can see many of the same benefits in those facilities.
Couple this with a holistic approach to supply chain management—across the continuum of care—and you get the visibility needed for:
Plus, any efficiencies and savings you achieve can help fund future investments and care delivery expansions.
We recognize that starting this initiative can be challenging. Your health system can start here to help ensure success:
The best (and only) way to reduce non-acute care supply chain complexities and costs is to control them. But you can’t do this without visibility.
When it comes down to it, data drives supply chain decisions—and results. Having advanced analytics for forecasting, demand planning and other countless initiatives can improve care quality while lowering costs.
With GHX, health systems like yours can leverage platforms and solutions that help you manage your entire P2P process in a standard way—and continuously improve item data to avoid missing savings and revenue opportunities. Overall, we can help you take a strategic approach to build a resilient, clinically integrated supply chain.
Extend your supply chain operations into non-acute care with GHX solutions. Please provide your contact information and someone will reach out to schedule a discovery call. Thank you.
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