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Health Systems Need More Insight Into Inventory, Supply Chain

Amid rising prices, medical device supply chains need greater scrutiny and standardization

Kelley Jacobsen
Wed, 10/04/2023 - 12:02
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In the wake of the Covid-19 pandemic, medical device supply chains are one of the top priorities for health system leaders. Amid supply chain disruptions during the pandemic, hospitals scrambled to find enough devices to keep up with unprecedented demand. The global crisis revealed gaps in standard operating procedures for how the healthcare industry manages supply chains to keep medical devices functioning. Now, while many supply chain issues linger, health systems also face surging costs at a time when operating margins are tighter than ever.

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To successfully navigate existing supply chain challenges and inflation, health systems should have a process with rigorous quality standards and an in-depth understanding of their inventory and ecosystem of suppliers. This will give health systems more predictability, the ability to better control costs, and quality assurance to reduce risk.

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