What Affects Hospital Supply Chain Success

Episode 26 Healthcare Supply Chain with Special Guest Bryan Covert Image of Bryan Covert The Healthcare Leadership Experience Radio Show with Lisa Miller What Affects Hospital Supply Chain Success

In these audiograms, taken from Episode 26 of The Healthcare Leadership Experience, Lisa is joined by Bryan Covert from VIE Healthcare to discuss what affects hospitals supply chain.

Building Relationships Affects Hospital Supply Chain

Cost management is vital in hospital supply chain, but there are other areas to consider. For instance, managing inventory and engaging with clinicians. The importance is for the supply chain to directly connect with frontline clinicians, such as nurses. They are naturally protective about supplies and their patients, and they have to be able to trust inventory levels.

Healthcare organizations need a secondary supply

Multiple trends are affecting hospital supply chain, including high inflation, difficulties in sourcing raw materials, and hiring challenges. Vendors will use these issues to justify price increases. The focus must be on controlling spend and cost optimization. Pre-pandemic, hospitals reduced costs by using a ‘’just-in-time’’ approach to inventory or relying on sole source vendors, which can’t continue. The question hospitals need to be asking is ‘’What are we doing in the case of emergency?’’ Every organization needs a strategic sourcing approach.

Spend analytics offers the biggest growth opportunity for supply chain

Building a solid spend analytics capability can help your hospital to grow. At VIE, we partner with hospitals to help them achieve their goal. The initiative comes from the hospital just doing the ‘’roll up your sleeve’’ work. Spend analytics eliminates data wrangling and enables supply chain leaders to make informed decisions.

Executive Support Affects Hospital Supply Chain Success

The pandemic has shown health leaders the value of the supply chain. With the current challenges in the rising costs of materials and labor, it needs executive support. Historically, departments have acted in silos in areas including contracting, physician services, administration agreements, and IT. Now people are beginning to recognize its value, and executive support will enable leveraging reach throughout healthcare organizations.

Lisa Miller

Lisa Miller

Lisa Miller is a consultant, speaker, and podcast host. Her consulting firm, VIE Healthcare, has provided services to over 1,000 hospitals and organizations since 1999.

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Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Learn how these five principles can help you reduce costs immediately.

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A strategy developed from analyzing over 5,000 hospitals

A simple step-by-step plan in plain language

Proven processes to organize and motivate your team to find savings

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DOWNLOAD FREE REPORT

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Learn how these five principles can help you reduce costs immediately.

VIE Healthcare 15 Effective Cost Savings Strategies Report Cover Image

A strategy developed from analyzing over 5,000 hospitals

A simple step-by-step plan in plain language

Proven processes to organize and motivate your team to find savings

We protect your information