Healthcare Supply Chain Strategies for Cost Management [Handbook]
Healthcare providers are feeling the pinch of increasing costs, a significant concern that has lingered since the peak of the COVID-19 pandemic. Carrier rates, fees, and fuel charges are going up, along with costs for medical supplies, equipment, and labor. In today’s healthcare world, the saying “you can’t manage what you can’t measure” highlights how […]
How growth in shipping is driving specialty pharmacy’s focus on supply chains
In today’s high-growth specialty pharmacy segment, the supply chain should always be a priority. From 2016 to 2021, specialty pharmacy drug spending surged 43% to reach a whopping $301 billion, putting more emphasis on drug distribution across the supply chain. The trend is expected to continue, with the U.S. Department of Health and Human Services […]
Driving alignment between supply chains and clinical staff
In the complex web of healthcare delivery, the intersection of supply chains and clinical staff plays a pivotal role. The ties between these two areas were accentuated by the COVID-19 pandemic and continue to be of the utmost importance. Integrating physicians into supply chain management can be a transformative step toward the effective functioning of […]
How vertical integration in hospitals is supporting the industry
The term “vertical integration” often carries a negative connotation in the specialty pharmacy space. However, hospitals are pioneering a positive form of vertical integration that yields advantages for patients, healthcare providers, and the overall business of Integrated Delivery Networks (IDNs). A recent Drug Channels article details the positive impact of this development on the broader […]
10 strategies for building a sustainable healthcare supply chain
Across the United States, companies are responding to both growing legislation around supply chain sustainability and to their customers’ insistence on sustainably produced products. Meeting that demand requires sustainable practices at every stage of the chain. This encompasses a wide array of aspects, ranging from environmental criteria such as greenhouse gas emissions, pollution control, environmental […]
Unlocking success: The power of supply chain cost transparency
The phrase “supply chain cost transparency” gets tossed around quite a bit in the freight management industry. But what does it mean, really? And why is it so important to have? We recently wrote about the importance of carrier neutrality—allowing customers to choose the carriers that work best for them. Today, we want to emphasize […]
