Here are the insights Mr. Martinez shared:
1. Join a group purchasing option. GPOs have a better position when negotiating prices with vendors and manufacturers.
2. Watch your inventory. Make sure medications approaching their expiration date are used in a timely manner and reordered.
3. Order necessary medications in advance. Order essential medications for procedures two months in advance.
4. Use more than one wholesale distributor. Navigating drug shortages is easier when ASCs use multiple distributors from different geographic areas.
5. Consult an expert. Receiving insight from either a pharmacist or someone experienced in pharmaceutical purchasing is essential for ASCs struggling with high drug prices.
More articles on supply chain:
ASC supply chain tip of the day: Use technology to make ordering more efficient
3 ways surgery centers can reduce the burden of high drug costs
3 most common supply chain challenges for ASCs
