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Health care needs less risk management and more supply chain management

The health care system uses risk management models to purchase the necessary goods and services they need to operate. This model is not optimal as it focuses on aggregate metrics to estimate future costs rather than using supply chain management which would be able to allow more effective spending. Supply chain management is able to offer the health care industry the tools and processes it needs to be more effective and efficient. Risk management in the health care industry Currently, the health care industry uses insurance to create risk management models. This functions to cover unexpected payments to members…

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