Are Hospital Leaders Doing Enough to Address Supply Chain Issues?

A poll by consulting firm Sage Growth Partners on behalf of inventory management platform Syft found that among 100 organizations, 93% have taken action to address pandemic-related supply chain vulnerabilities such as insufficient supply stockpiles, unreliable suppliers, poor visibility into inventory, and staff safety risks. Despite this result, 62% of organizations polled said they weren’t doing enough to correct these issues.

Among C-level executives who responded to the poll, 79% said their hospitals manage their supply chains “extremely well or very well.” However, only 64% of vice presidents, directors, and managers rated their hospitals’ supply chain and materials management so highly.

Additionally, nearly half (43%) of organizations polled claimed that their hospital lost nursing staff as a result of supply shortages or other supply chain issues, while 12% and 7% reported losing non-surgeon physicians and surgeons, respectively.

“Since the COVID-19 pandemic hit, some hospitals have taken steps to re-supply stockpiles and address problems such as unreliable suppliers,” Syft CEO Todd Plesko said in a statement. “However, our research reveals that most hospitals haven’t yet moved beyond these basic strategies to implement lasting changes that will fortify the supply chain, such as improving real-time visibility into supplies and implementing AI and demand forecasting tools. This raises alarming questions regarding ongoing supply chain vulnerabilities that could drastically impact patient safety and staff retention moving forward.”

Source: Fierce Healthcare, November 4, 2021.