GCU Supply Chain Management Discussion

please respond to the following discussion post as a peer making a comment. A supply chain is when you deliver resources needed for services to a customer. Managing the supply chain within healthcare can be a very complex and fragmented process. In healthcare, supply chain management is obtaining resources, managing supplies, and delivering goods and services to providers and patients.(RevCycleIntelligence, 2016). Having good supply chain management within healthcare can improve your overall customer satisfaction. (Yanamandra, 2018). Supply chain management can be very complex as we know physicians might want products that they have been trained to use instead of using the hospital administrations products purchased in bulk and are more affordable. Healthcare organizations must consider the numerous requests and viewpoints of each physician. At the same time, supply chain management can be a very complex situation and the organizational goal to budget specific products. Supply chain management must also provide enough products for each healthcare need and supply to be on hand. For example, the reduction and back order of products due to the pandemic required supply chain management and lots of inventory to ensure that the healthcare workers had the appropriate supplies they needed. The value of good supply chain management can be essential to cutting healthcare costs especially as payers start to tie claim reimbursement amounts to quality and cost performance. The value of a great supply chain can improve your performance and cut costs within your organization and is essential to the workflow within any healthcare organization.

Supply chain management can dramatically affect the financial position of an organization. You can set up group purchasing organizations to allow your company to have a stronger buying alliance. These types of group purchasing organizations can allow negotiated base price for a group volume depending on what is needed at your organization. (Hart & McMurtrey, 2018). This type of buying power for an organization can help reduce these supply costs within healthcare. In conclusion, supply chain management is crucial to guarantee and improve your performance and increase patient satisfaction. Implementing different strategies to reduce the volume of supplies to maintain a good inventory can allow hospitals’ workflow to be consistent with having a better quality of care for the patients.

References:

Hart, B. L., & McMurtrey, M. E. (2018). Supply Chain Management: Managing the Supply Chain in Pediatric Healthcare. Journal of Strategic Innovation and Sustainability, 13(3), 67–74.

RevCycleIntelligence. (2016, August 5). Exploring the Role of Supply Chain Management in Healthcare. RevCycleIntelligence. https://revcycleintelligence.com/news/exploring-the-role-of-supply-chain-management-in-healthcare

Yanamandra, R. (2018). Development of an integrated healthcare supply chain model. Supply Chain Forum: An International Journal, 19(2), 111–121. https://doi.org/10.1080/16258312.2018.1475823