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Collaboration Can Save Billions

by H-Source on 01/21/2019

“A 2013 McKinsey report suggested five specific supply chain capabilities that can have a dramatic impact on performance and profitability, with an estimated $130 billion opportunity in cost savings across the value chain. […] More than 70 percent of healthcare supply chain executives identified specified collaboration as the greatest opportunity.”

We couldn’t agree more. Billions of dollars can be saved by collaborating to more efficiently utilize inventory and manage distribution across health systems, IDNs, ACOs, and GPOs. Billions more can be saved by collaborating to buy and sell overstock with facilities across the country.

Any solution that allows collaboration must also provide analytics to improve data-driven decisions, built-in DSCSA track-and-trace to meet regulations, and a streamlined process to move assets within or outside the health system.

Read more in “The Chain of Survival In Healthcare” in Forbes.