Inflation Pressure and Labor Constraints
Hospitals feel effects of financial and staffing restrictions, which highlights the need for efficiency, cost management, and automation, where possible
The Shift of Care
There has been a fundamental shift of care from traditional acute care settings to non-acute sites (outpatient, ambulatory surgery centers/ASCs, clinics, and physicians’ offices), which is helping drive down costs of surgical procedures.
Healthcare Systems are Looking for System Improvements
To help drive savings and efficiencies, more health systems are recognizing the benefit of moving to formularies with limited SKUs. They are also interested in greater supply chain visibility from vendors including stock levels, allocations, lead times from manufacturers, cost & process to transfer stock to meet urgent needs, alternative products, etc.4
- American Hospital Association, “Costs of Caring Report”, April 2022. 2. McKinsey & Company, “Assessing the lingering impact of COVID-19 on the nursing workforce”, May 11, 2022. 3. Vizient, “Post-COVID, Hospital Inpatient Volumes Recover and Patient Length of Stay Expected to Rise: Sg2 Impact of Change”, June 7, 2022. 4. HIDA Healthcare Distribution & Supply Chain, “What Hospitals & Health Systems Want From Distributors”, September/October 2022