More efficient means of order entry and processing, with integrated electronic
settlement
About 25 per cent of hospital costs are supply-related (Harvard case study).
Approximately 35 to 40 per cent of hospital supply-related costs are devoted to
handling, moving and processing material and supplies as compared to other
industries where it is less than 10 per cent. Purchasers spend approximately 40
per cent of their time, and accounts payable departments spend more than 60 per
cent of their time, on manual processing of transactions.
A single paper-based purchase order may cost anywhere from Rs 500 to Rs 3,000
to process.
About 15 per cent savings in supply chain costs would equate to almost five per
cent improvement in a hospital's operating margin.
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