TCH11 – VeritasAdvantage – Transforming the Hospital Supply Chain Space

  • Nov 18, 2019

TCH11 – VeritasAdvantage – Transforming the Hospital Supply Chain Space

 
 
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The hospital supply chain is complex and until recently, the focus on this area was left to only a few managers. More scrutiny is setting itself squarely in the C-suite crosshairs, however, as costs rise and taking up a larger share of the hospital expenses. In fact, according to Modern Healthcare, the supply chain is projected to outpace labor costs as the top expense for hospitals by 2021. Wrangling control of these costs over the years was largely left to contracting solutions with GPOs, but now, technology is taking hold that could give hospitals more transparency in supply and equipment costs. That’s where VeritasAdvantage hopes to make its mark. Ken Husted, vice president of operations at VeritasAdvantage, details how their cloud-based application transforms the way hospitals negotiate for and purchase medical supplies and devices. In essence, their app allows users to scan supply and equipment SKUs and compare prices paid by other hospitals in their network, which is fed in real time based on the hospitals in partnership with the VeritasAdvantage team.

Important Links:
VeritasAdvantage Website: https://www.veritasadvantage.com/

 

 

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Lance Lunsford

Lance Lunsford, MBA, is a senior partner at GroundSwell Health, a healthcare communications and marketing consulting group, based in Austin, Texas. Lunsford is a former journalist and has served in leadership roles at health systems and the country’s largest state hospital association.

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