RESEARCH THERAPY
NAVIGATING THE CHANGING LANDSCAPE OF HEALTHCARE PROCUREMENT
PRESENTED BY
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 % 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 .
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 tomanage policy adherence and track spend . �
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