With the increased pressure to lower costs, healthcare supply chain leaders must strike a balance between economical equipment purchases and improved quality of care. Using data from the OpenMarkets network, we have analyzed and discovered quarterly purchasing trends. Our goal is to help suppliers better understand hospital supply chain needs, and give purchasing directors insight into market behavior.
In a review of past activity from the months of July, August, and September, we have uncovered 5 key trends.
1. This quarter sees the highest % of fiscal year start
Suppliers take note: a higher percentage of providers in the OpenMarkets community start their fiscal year in July than the national average.