Healthcare inventory management, also known as supply chain management (SCM) is a workflow responsible for keeping track of your health system’s inventory, purchases, orders, payments, and more. What is inventory management for healthcare?
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This will help, to save money, time, and effort and more effectively manage their inventory. Therefore, many hospitals have realized the importance of inventory management and have shifted focus to finding a platform to assist in workflows should be a priority for health systems. What is the main purpose of inventory management?īy implementing a strategic and streamlined supply chain process through a healthcare inventory management software, hospitals and health systems have the ability to save 17.7% or $11 million per facility annually. rFor this reason, many providers are turning to comprehensive inventory management systems. Unfortunately, supply chain costs are predicted to be the highest cost for healthcare systems this year, finally surpassing labor costs. While many have inventory management strategies in place, nearly half of the hospitals surveyed were using basic Excel sheets to manually manage their inventory. Hospitals and large healthcare organizations are responsible for keeping track of a large amount of inventory, including medical equipment and supplies, patient prescriptions, and other health and wellness products.
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