93% of Healthcare Organizations Struggle with Process Inefficiencies
In a recent HealthLeaders Media Buzz Survey, sponsored in partnership with Coupa, 110 hospital and health system leaders revealed their top business spend concerns.
According to the survey, healthcare organizations are concerned or very concerned about process inefficiencies (93%), thinning margins (92%), visibility into indirect spend (87%), finance controls (74%), and spend risk-supplier fraud (65%), among other areas.
And to these points, Children's Hospital of Philadelphia (CHOP) has recently focused on addressing these concerns through years of careful planning, strong financial accountability, and strategic technology investments. Read the analysis to explore additional insights around:
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- Key waste areas
- Steps CHOP has taken to attain greater spend visibility and control
- Important technologies for managing indirect spend
- Cost-cutting strategies they plan to deploy over the next two years