US spent 38% less on medical supplies in 2021 than 2020: report

The federal government spent $8.2 billion on medical supplies in 2021’s fiscal year, amounting to a 38 percent drop in medical supply spending from the prior year, according to a Jan. 12 report from the Health Industry Distributors Association. 

Advertisement

Medical supply spending continues to be higher compared to pre-pandemic years, the report found. From Oct. 1, 2020, to Sept. 30, 2021, the $8.2 billion included $4.7 billion for civilian departments and agencies, and $3.4 billion was medical supply purchases.

The findings, which did not include pharmaceuticals, revealed that 98 percent of the U.S. government’s medical supply purchases were from four departments: the Defense Department, the Department of Veterans Affairs, HHS and the Department of Homeland Security. During this fiscal year, diverse small businesses were awarded $1.35 billion. 

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Supply Chain

Advertisement

Comments are closed.