Modernizing Healthcare Procurement Can Be a Matter of Life and Death

Lockdown measures implemented during the pandemic brought to light inadequacies in healthcare sector procurement, resulting in major hospitals encountering difficulties in obtaining essential supplies. Consequently, these businesses are now intensifying their focus and allocating more resources towards advanced procurement technology, drawing lessons from past experiences. Companies heavily impacted by supply chain disruptions are actively enhancing their procurement systems to establish durable solutions capable of withstanding future crises. Notably, healthcare emerged as a proactive sector in the PYMNTS and Corcentric collaboration, with 45% of surveyed companies planning to invest in digital procurement solutions, despite the current adoption rate being only 15%.