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Delivering the future of the healthcare sector procurement 

Read about the top challenges facing European procurement leaders in the sector today

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We interviewed healthcare procurement leaders across Europe and found:

  • 35%

    expect their procurement budgets to decrease next year

  • 1 in 4

    European healthcare businesses missed their budgeting targets last year

Overcoming the challenges you face

Procurement in the private healthcare sector is characterised by strict regulatory requirements and supplier accreditation needs, legacy systems challenges, a fragmented procurement landscape populated with niche providers, and pressure to cut costs while maintaining high quality standards.

"Uncertainty rachets costs everywhere. Procurement teams now need to think about location and geopolitics in a way that was not a consideration even five years ago."

— Michael Lewis, Professor of Operations and Supply Management, University of Bath School of Management

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Delivering the future of healthcare sector procurement

Procurement in the private healthcare sector is characterised by strict regulatory requirements and supplier accreditation needs, legacy systems challenges, a fragmented procurement landscape populated with niche providers, and pressure to cut costs while maintaining high quality standards.

These pressures are compounded by a number of challenges that are unique to the sector.

These include:

  1. Safeguarding patient outcomes 
    The urgency and criticality of some purchases (e.g., emergency surgical supplies) demand speed and precision. Non-production spend (e.g., on computers) can also indirectly impact patient care outcomes.

  2. Strong stakeholder preferences 
    Clinician and medical staff preferences are often based on training, familiarity or clinical outcomes. These may affect attempts at procurement standardisation.

  3. Strict regulations 
    High standards for supplier accreditation, ethical sourcing and traceability exist to ensure patient safety. Procurement must adhere to medical, pharmaceutical, and data-related regulations.

  4. Alignment with clinical workflows
    Ensuring care providers have the right products at the right time requires an understanding of usage patterns, clinical effectiveness and the lifecycles of consumables and equipment.

  5. Talent and capability gaps
    A shortage of digital and strategic procurement skills can limit your ability to adapt and lead change.

Get ready to face the challenges and equip yourself with insights direct from fellow procurement leaders.

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