With all of the waste and inefficiencies in the vendor implant supply process, it raises the question – “How are surgical implant vendors able to remain profitable?” The reason is because the average value of an orthopedic surgeon to a device company is estimated at $50M over the life of the relationship. While missing inventory and slow-moving vendor instruments can be costly, the healthy margin of business has excused those inefficiencies. Other industries tend to have much better control of their supply chains because their margins demand it (airlines, automotive, etc.). Their supply chain model is more mature because the margins are smaller, and they are required to operate more efficiently. It is expected that healthcare will soon join the ranks of these other industries, and that every efficiency that can be gained in delivering care to patients should be gained.
-#ReadySetSurgical #ImplantManagement #KPIs #DataDriven #SterileProcessing #SupplyChain #1CE #IAHCSMM #CBSPD