by Philip Trent, VP of Business Development, CHC Supply Trust
Many rural hospitals today — health care providers whose mission is to serve their community’s health care needs — are apprehensive about their own financial health. Increasing expenses, decreasing reimbursement and declining patient populations and hospital admissions place these hospitals at risk, threatening financial viability. Behind salaries, supplies are the second-highest expense for hospitals. By reducing supply costs and better managing the supply chain, a hospital can move its savings margin from good to great.
Jim Kendrick is the President and CEO for CHC, a national leader in advancing community-owned hospitals. Jim brings more than 20 years of executive experience in not-for-profit and for-profit healthcare to the CHC team.