In today’s healthcare landscape, CFOs face pressure to optimize resources. Indirect procurement, often overlooked, can be a lever for value. The Procurement Maturity Model is a self-assessment tool for healthcare organizations to improve their procurement capabilities. This model goes beyond cost-cutting measures by enhancing operational efficiency, improving patient care, and ensuring financial sustainability. Organizations progress through five stages of procurement maturity. Building a robust indirect procurement function requires specialized knowledge, industry benchmarks, cutting-edge technology, and continuous improvement. Strategic partnerships and external benchmarking can drive significant value. Embracing the Procurement Maturity Model can transform health system supply management, contributing to overall success.
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Unlocking Hidden Value: Navigating Healthcare Procurement Maturity
