Here are five stats that all ASC and health system leaders need to know about the current and future state of the supply chain:
- Supply costs accounted for 13% of hospitals’ expenses in 2024. Total hospital expenses in 2024 grew 5.1%.
- Medical supply chain costs are projected to increase 2.41% in 2026.
- Indirect spend categories, such as IT, are also expected to see increases.
- More than 80% of providers expect tariff-related import expenses to increase in hospitals and health systems by 15% in the next six months.
- Medicare improperly paid $22.7 million to suppliers from 2018 to 2024 for durable medical equipment, prosthetics, orthotics and supplies provided to enrollees during inpatient stays, according to a federal audit.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.