The healthcare industry relies on an expansive, complex supply chain to deliver essential medical products like devices, equipment, and pharmaceuticals to hospitals, clinics, and patients globally. However, the traditional procurement model used to acquire these critical supplies is laden with inefficiencies that drive up costs for healthcare providers.
Industry estimates indicate up to 40% of medical supply expenditures for hospitals and health systems go towards covering inefficient distribution, excessive warehousing, and shipping failures rather than direct products themselves. For an industry dedicated to saving and improving lives, such substantial supply chain waste is unacceptable.
Fortunately, the winds of change are finally here. Innovative platforms like Grapevine Technologies are pioneering new digital models that eliminate legacy supply chain inefficiencies to provide higher-quality care at lower costs.
