Supply chain efficiency can translate to better profits and revenue for ASCs, according to John Kupice, CEO of H-Source, a hospital supply chain platform.
He shared the following tip with Becker's ASC Review:
"A more efficient supply chain reduces spending, recovers costs and eliminates waste.
Money recovered then goes straight back into bottom line cash flow," Mr. Kupice said. "With a national net profit average at 2.1 percent, $100,000 saved or recovered would have otherwise required $4.8 million in revenue generation."
If you have a supply chain tip you would like to share, please email Rachel Popa at rpopa@beckershealthcare.com.