SS6: Don’t Leave Money for Your Practice on the Table

Eligible for: ACMPE: 0.5 | CEU: 0.5 

As healthcare leaders, you’ve navigated unprecedented changes in recent years. While the pandemic has subsided and many organizations have adapted their talent strategies to a tight labor market, medical group practices and health systems continue to face ongoing economic pressures from persistent inflation. Rising costs and inflation remain the top concerns for practice leaders, reflecting the broader economic realities impacting procurement strategies. Supply disruptions have directly impacted patient care, highlighting the need to strengthen supply chain resilience. Despite cost-reduction efforts, supply chain budget increases are anticipated, indicating the need for strategic investments in technology, analytics and inventory management. Group purchasing organizations (GPOs) are crucial for driving cost savings and enhancing vendor management, providing significant value in alleviating financial pressures.