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Shaving Cost in Your 2024 Budget: Time to Innovate Indirect Spend in Healthcare

September 6, 2023 Posted by Radio Host Our Shows

A Conversation with Mark Van Sumeren

LinkedIn: Mark Van Sumeren
X: @LogicSource

Mark Van Sumeren is the General Manager of the LogicSource healthcare practice. He also serves on the board of Crown Healthcare Laundry Inc. and as Non-Executive Chairman of Tri-Imaging Solutions, Inc.

Mark has over forty years of experience in strategy, operations, and supply chain in healthcare. He previously served as Chief Strategist and Business Intelligence Officer for Owens & Minor, Inc.; as a Partner in the healthcare consulting practice at Ernst & Young; and as a Management Engineer at the Detroit Medical Center.

Listen to the Conversation

5 Takeaways

  1. Healthcare supply chain is uniquely primed for innovation, especially indirect spending as it is highly vulnerable to the post-Covid economic landscape and inflation.
  2. Supply chain data is particularly powerful for operational and cost improvements when benchmarked against other industries as well as local and regional best practices.
  3. Creative procurement for indirect spend can provide a unique and high-impact opportunity to improve the patient experience and clinical experience.
  4. GPOs play an important role in the healthcare supply chain, but GPOs don’t have all the answers for procurement beyond clinical services like indirect spend and a low-cost national contract model.
  5. Health systems are already urgently trying to address profitability, and the good news is that there is innovation that can help relieve some pressure.

Episode Host

Beth Friedman

Senior Partner, Health Information Lead
LinkedIn: Beth Friedman
Twitter: @HealthITPR

About the Show

FINN Voices amplifies the power of health innovation to improve people’s lives. Hosted by health experts from FINN Partners, each episode offers a peek behind the curtain of innovation with healthcare’s leading changemakers. We talk about their ideas and challenges along the way; continually shaping critical conversations and answering the most important questions in healthcare today. Follow the show’s hashtag #FINNvoices.

On the radio weekdays at 7am, 3pm, and 11pm ET.

Tags: Beth FriedmanFINN VoicesLogicSourceMark Van Sumeren

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