Building a common pool resource organization

A W. P. Carey research team documented “the significant vulnerabilities faced by the ecosystem of clinical service provider organizations and their suppliers over the first two years of COVID-19,” and offer takeaways to better prepare for the next crisis.

In this article published Oct. 24, 2022, in Healthcare Purchasing News:

Virtually no provider organization and few suppliers have the term ‘preparedness’ within their mission statement nor, in their budgets, lines for supporting preparedness for what we describe as the ‘long game.’ With uncertainty for what some describe as ‘black swan’ events, it is easy to revert to old ways of working and fail to make investments in resilience and preparedness. Consequently, is concern for the ‘stickiness’ of such strategies. Advocated in the report, for regions and states, in collaboration with both supply chain intermediaries and government, is the development of Common Pool Resource Organizations (CPROs) with governance and leadership from provider organizations, themselves.

– Jim Eckler, visiting professor of supply chain management; Mikaella Polyviou, assistant professor of supply chain management; Eugene Schneller, professor of supply chain management