s the largest private, tax paying, physi-
cian-led healthcare network in the US,
Steward Health Care boasts an extensive
portfolio of 38 hospitals in the US and Malta.
Having experienced a significant transformation
in its offering over the past few years, the hospital
prioritises the importance of first-class care to its
patients. With procurement becoming increasingly
influential to the way Steward Health Care operates,
the firm created a shared services model which
evaluates how the facilities are acquired. Michael
Prokopis, Vice President of Supply Chain
at Steward Health Care, discusses his company’s
journey to transform its supply chain. “In shared
services model, we have a number of different
teams all working together,” he says. “We have
a contracting department as well as a data team
that helps us to understand the value metrics
as well as reporting out to the facilities and
observing how they’re doing on the KPIs. We have
a procurement group which processes requisitions
and turns them into purchase orders. We also have
a value analysis wrapper, which allows us toA
Michael Prokopis, Vice President
of Supply Chain at Steward Health
Care, discusses the supply chain
strategies his firm is leveraging
amidst digital transformation
in the healthcare sector116
AUGUST 2019STEWARD HEALTH CARE