Supply chain improvement offers the potential for significant savings for cash-strapped hospitals. According to a recent Navigant Consulting analysis, U.S. hospitals could save as much as $25.4 billion annually by streamlining their supply chains and eliminating unnecessary costs. That translates to a 17.7% average drop in supply expenses, or about $11 million per hospital per year.
But data analytics is key. The highest-performing hospitals leveraged actionable data to tie costs to patient outcomes.
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