Hospitals have an unrealized $25.4 billion supply chain opportunity

Modern Healthcare: Hospitals can save $25.4 billion if they improve their supply chain operations and harness data, according to a new report.

That amounts to a 17.7% average supply chain expense reduction, or up to $11 million a year per hospital, according to a Navigant Consulting analysis of 2,300 hospitals that compared the top-tier hospitals' supply cost per adjusted patient day with their peers. That is equivalent to the annual salaries of 160 registered nurses or 42 primary care physicians, or the cost of building two outpatient surgery centers.

Read article