Modernizing Supply Chain for Healthcare
The COVID-19 pandemic illuminated many areas in healthcare that need innovation, some of the most glaring catalysts for change being supply chain disruptions, stock shortages, and rising procurement costs. According to industry analyst Gartner, the total supply chain cost to serve a health system averages 37.3 percent of the total cost of patient care. As health systems and medical centers look to lower supply chain costs and build a more resilient supply chain, there are key areas modern ERP is helping hospitals and health systems improve supply chain management (SCM).