Supply Utilization Analytics Can Make Your Annual Savings Quadruple

If you are honest with yourself, you know that your price and standardization savings are slowly disappearing. Yet, your healthcare organization still needs to save millions annually just to keep pace with inflation. Of note, the inflation rate was 6.8% in December 2021. With this said, I’m sure you realize that your hospital, system, or IDN’s senior management is looking to the supply chain for even more savings to help them this fiscal year. That’s why supply utilization management is mission critical. To this end, here are four ways supply utilization analytics can make your annual savings quadruple: