November 20, 2024- Physicians, surgeons and supply chain executives represent a different kind of circular economy that reinforces business, clinical and economic sustainability.
The round-robin process works something like this: Physicians and surgeons bring revenue into a healthcare organization – largely from payer reimbursement for procedures – but consume a tremendous number of resources in terms of costly devices, equipment and products. Supply chain executives, on the other hand, can rein in those costs through strategic sourcing, effective contracting, value analysis and facilitation and management consulting, but must equip and fortify physicians and surgeons to carry out their missions.
Without the proper, respectful and responsible balance between the two groups, everyone loses – particularly the patients.
Read more in the latest issue of JHC.