Supply Chain Management

Supply Chain Shortages Impact Patient Care and Provider Workflows

October 17, 2023 - Supply chain shortages are compromising patient care and increasing administrative burden in every sector of healthcare, an ECRI survey revealed. The survey reflected responses from 200 healthcare workers, including pharmacists, pharmacy technicians, physicians, procurement specialists, and nurses. ECRI and the Institute for Safe Medication...

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Oracle Adds Healthcare Capabilities to ERP, Supply Chain Products

by Jacqueline LaPointe

Oracle, the company that bought Cerner for over $28 billion last year, recently announced new healthcare-specific capabilities to three of its products aimed at financial and supply chain...

KLAS: Workday, Oracle Receive Top Scores for Cloud-based ERP Services

by Victoria Bailey

The top cloud-based enterprise resource planning (ERP) vendors received praise for their supply chain management and financials modules, but many users reported experiencing challenges with...

Exploring the Role of Supply Chain Management in Healthcare

by Jacqueline LaPointe

Cutting healthcare costs has become a mantra for many hospitals and physician practices, especially as payers start to tie claims reimbursement amounts to quality and cost performance. Many organizations...

Healthcare Executives Concerned About Supply Chain Issues, Cyberattacks

by Victoria Bailey

Healthcare executives see cyberattacks, supply chain disruptions, and tax policy changes as the top risks of 2022, according to a report from PwC. The PwC Pulse: Managing Business Risks report...

Bayhealth’s ERP Implementation Improves Supply Chain Management

by Jacqueline LaPointe

EHRs revolutionized how healthcare providers deliver care. The technology has brought many providers into the digital age, enabling not only electronic medical records but also a host of other health IT applications. Now that most...

Hospital Revenue Fell as Expenses Increased Amid Omicron Surge

by Victoria Bailey

As expenses continued to rise, hospitals experienced sudden declines in revenue, operating margins, and outpatient volumes during January 2022 amid the Omicron surge, according to Kaufman Hall’s...

Hospital Finances Still Recovering as We Enter Third Year of Pandemic

by Jacqueline LaPointe

Most hospitals ended 2021 in a stronger financial position compared to the first year of the COVID-19 pandemic in 2020. However, they are entering the third year of COVID-19 down compared to...

Hospital Contract Labor Costs Topped $4.5M in 2020

by Sarai Rodriguez

As labor costs rise and labor shortages continue, hospital labor costs are skyrocketing.  According to a Definitive Healthcare report, average hospital contract labor expense rose to $4.59...

Hospital Revenue Margins Remain Depressed as Labor Expenses Rises

by Sarai Rodriguez

Across the country, hospitals and health system finances are being strained by rising labor costs, global labor shortages, and dwindling revenue margins, according to a recent National Hospital...

UPMC Launches In-House Travel Staffing Agency Amid Nursing Shortage

by Sarai Rodriguez

The University of Pittsburgh Medical Center (UPMC) launched its own travel staffing agency to attract highly skilled nurses and surgical technologists as a short-term solution to offset the nationwide...

Labor Shortages Drive Up Hospital Expenses as Margins Decline

by Jacqueline LaPointe

Hospital expenses remain highly elevated compared to pre-pandemic levels as health systems and hospitals continue to face labor shortages and declining margins, according to the latest National...

Supply Chain, Labor Inflation Poses Risk to Healthcare Profit Margins

by Sarai Rodriguez

According to a Fitch Ratings report, supply chain challenges and rises in labor are leading to higher costs and potential revenue loss, threatening profit margins for healthcare and pharmaceutical...

Healthcare Expenses Continue to Rise, While Hospital Volumes Decline

by Jacqueline LaPointe

Healthcare expenses continue to rise across the board as both hospitals and physician groups deal with pandemic-related impacts on financial performance, according to two new reports from healthcare...

12 Health Systems Shop Local to Boost Supply Chain Sustainability

by Victoria Bailey

A dozen health systems have committed to support supply chain sustainability by increasing spending with Minority and Women Owned Business Enterprises (MWBE) by $1 billion over the next five...

AHA, Hospital Groups Continue Fight Over 340B Drug Discounts

by Jacqueline LaPointe

Leading industry groups representing hospitals and pharmacists have written a letter to new HHS Secretary Xavier Becerra asking him to take action against six major pharmaceutical companies that are...

Nurses Say Supply Chain Problems Impact Safety, Hospital Margins

by Hannah Nelson

Nurses face significant supply chain management problems that affect efficiency, patient safety, and hospital margins, according to the annual marketing report from Syft. These findings are based on a...

Healthcare Supply Chain Still Fragile A Year After COVID-19

by Jacqueline LaPointe

A year after the US declared COVID-19 a public health emergency, the healthcare supply chain is still struggling to meet increased demand for personal protective equipment (PPE) and other supplies,...

HHS Guidance Clarifies Use of Contract Pharmacies in 340B Program

by Jacqueline LaPointe

New guidance from HHS has clarified that hospitals and other covered entities in the 340B Drug Pricing Program are entitled to discounts for covered outpatient drugs even if they use contract...

Hospitals File Lawsuit to Settle 340B Issues with Pharma

by Jacqueline LaPointe

The American Hospital Association (AHA) and four other hospital organizations are suing HHS after the department failed to enforce 340B Drug Pricing Program requirements when major pharmaceutical...

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