Oil, food prices threaten hospital supply budgets
Hospital Materials Management, July 1, 2008
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It doesn’t take much more than a pit stop at your local gas station and a quick sweep around your local supermarket to get a vivid, painful reminder that prices of gas and food have soared to near-inflationary levels. But visit a hospital, and the evidence of rising food and fuel costs is far less apparent.
However, that doesn’t mean that hospitals aren’t being affected: As the price of oil and staples such as rice, corn, and eggs increase, the price of thousands of petroleum-based medical products, coupled with higher food and transportation costs, form a one-two punch that could put a big dent in your hospital supply budget. In fact, food was dubbed “the new gold” in a recent report in The Washington Post.
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