While the health care industry faces complex regulations and continuing cost pressures, health care leaders see the home health care market as an untapped opportunity in the health care industry.
Globally, 21% of health care executives cite the shift to home health care as a key trend driving business and supply changes, noting the growing need for home health care, according to the 7th annual UPS (NYSE: UPS) “Pain in the (Supply) Chain” Survey.
Respondents also report that 30% of products will support the home health care channel in the next seven to 10 years.
“More change is coming in the health care supply chain,” says Dirk Van Peteghem, UPS vice president of healthcare logistics, in the report.
But North America still has some challenges to overcome.
Six years after its onset, 54% of healthcare logistics executives in North America are still feeling the impact of the Great Recession. In line with counterparts in Latin America, this is the highest percentage globally, data show.
In the U.S. specifically, supply chain leaders are less optimistic about the economy than any other respondents globally, with 60% reporting they still feel the effects of the recession.
The 2014 UPS Pain in the (Supply) Chain survey was a blind, in-depth phone survey conducted by TNS, on behalf of UPS, of more than 530 healthcare executives in the U.S. and Canada, Western Europe, Asia and Latin America. Surveys were conducted between January and March 2014.
Read the report here.
Written by Cassandra Dowell