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Podcast: Relentless Health Value
Episode: EP281: COVID-19—Badly Managed Health System Supply Chains Steal From Patients and the Providers Who Let This Happen, With Rob Austin From Guidehouse
Description: You know what the second biggest cost line item is on most health systems' profit and loss report: supplies—buying things like artificial knees, stents, service contracts. It's estimated that an average hospital can save more than $12 million a year if they manage their supply chain better. And interestingly, oftentimes care actually improves as a result. For context, that wasted $12 million could pay for 165 more nurses or 50 more PCPs. It's the cost of 3100 knee replacements. (All this, by the way, is according to Navigant.) Does it bother you that so many people in this country can't afford ca...