December 9, 2020
By: Meghna Parikh
“This year’s pandemic has caused a frenzy within healthcare supply chain departments. And rightfully so. Many healthcare organizations are working hard to source clinical supply vendors for the procurement of adequate supplies (e.g., diagnostic tests and, soon, vaccines) to deal with yet another surge of COVID-19 (“Covid”) cases.”
“Even under normal circumstances, there are thousands of different supplies that hospitals purchase daily, often inundating the legal department with urgent requests for contract review. Add to that, there are physician preference items, product replacements, product conversions, and emergencies, that require nimble negotiation. Besides having a myriad of healthcare regulations that govern medical devices or pharmaceuticals, each clinical supply agreement contains numerous nuanced operational issues.”
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