Into the Future of US Healthcare Supply Chain: SpendEdge Predicts the Immediate Future of the US Healthcare Sector
LONDON--(BUSINESS WIRE)--Nov 20, 2019--
SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on US healthcare supply chain predictions and why they matter.
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The US healthcare supply chain has become a key focus for organizations due to shrinking profit margins. Medicare and Medicaid reforms and labor are consuming 33% of the budget and are creating the need for effective supply chain models. Supply chain costs are further expected to rise by next year. Organizations need to consider supply chains as a strategic source to increase profits and focus on managing the supply chain effectively.
At SpendEdge, we understand that analyzing US healthcare supply chain trends is crucial for organizations to ensure profitability. Therefore, we have highlighted predictions made by our experts for the immediate future of the US healthcare supply chain.
Future of US Healthcare Supply Chain
Maximum bankruptcies in US hospitals
Hospitals in the US are struggling to sustain themselves in the healthcare sector. There can be 100 individual facility bankruptcies or shutdowns in the next one year. Organizations require effective strategies to operate. Consolidation can be one of the options for companies to address the continuous decline in government and commercial health insurance reimbursement for medical products and services.
Ensuring sustainability in the US healthcare sector requires organizations to keep an eye on the latest healthcare supply chain trends. Request free platform access to gain detailed insights into the US healthcare industry.
Use of blockchain
Four tier 1 companies in the US are selected to support the US Drug Supply Chain Security Act. Each company will create a blockchain network that will allow real-time monitoring of products. This will improve inventory management, allow timely retrieval of reliable distribution information, and increase transparency in the supply chain. To know more,get in touch with our analysts here!
Decline in profit margins
Profit margins are expected to deteriorate in the US healthcare sector. The future can be ominous for hospitals having an ineffective US healthcare supply chain strategy. Leveraging effective US healthcare supply chain services can help companies to reduce waste and get cost recovery in their favor.
To know more about the future of the US healthcare supply chain, read the complete article here!
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INDUSTRY KEYWORD: HEALTH TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
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