A new study from consulting firm Arthur Andersen LLP.(using electronic commerce)(Brief Article)(Statistical Data Included)

Purchasing, August, 2001

A new study from consulting firm Arthur Andersen LLP finds that fully harnessing the potential of e-commerce could help the U.S. healthcare industry to cut costs by $6 billion and add revenues that could be the difference between red ink and profits for a third of U.S. hospitals. The study focused on purchasing and paying for medical/surgical supplies and drugs which accounts for about 65% of what hospitals buy.

Of those, Andersen identified $6 billion in potential savings throughout the supply chain derived from e-commerce.