Adapting to the evolving healthcare procurement landscape

The supply chain and procurement function oversees most of a health system’s external spend, including non-labor spend, medical supplies, and other utilities. This accounts for up to 40 percent of the organization’s total costs. Leaders increasingly acknowledge supply chain and procurement’s central role in driving efficiency for their organizations. They also look to procurement as a way to build resilience to weather market volatility, economic downturns, supply chain issues, and other disruptive forces.