According to a recent report from Syft, health care leaders fail to leverage data analytics
in their supply chains. This shortcoming could result in them missing out on
millions of dollars. There's an urgent need to optimize supply usage throughout
the enterprise and patient care continuum while cutting waste.
In addition to the
increasing downward pressure hampering revenues, statistics anticipate that
supply chain costs will exceed labor-related expenses by 2022.
These factors
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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
Boston Children’s Hospital Taps Premier to Power Its Supply Chain Portfolio
Pediatric medical center Boston Children’s Hospital has partnered with Premier Inc. (PINC), a healthcare improvement company, to foster optimal management of its supply chain portfolio across the enterprise. The hospital signed a multi-year agreement with Premier for access to its industry-leading supply chain services, including Premier’s group purchasing organization (GPO) and PremierConnect® supply chain analytics.As part of the implementation, Boston Children’s will leverage Premier’s vast
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Olive, Clinc Partner to Add Conversational AI to Digital Healthcare Employee for Hospitals
Olive, the company that introduced healthcare’s AI-driven digital employee has joined forces with Clinc, another trailblazer in Artificial Intelligence (AI), to free up time and resources by adding conversational AI capabilities to its existing technology. The combined offering allows Olive’s digital healthcare employee to bring hospitals and health systems broader applications across revenue cycle, supply chain and other financial and operational departments.
While new technologies
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FDA Approves Blockchain/IoT Pilot to Track Specialty Prescription Drugs Across 3 States
The U.S. Food and Drug Administration (FDA) has approved a multi-regional pilot studying the use of blockchain-enabled data technology to track and verify specialty prescription drugs, to ensure safety, enhance value and improve health outcomes.Blockchain Pilot Consortium & Implementation TimelineThe pilot consortium is comprised of Rymedi,Temptime/Zebra, Indiana University Health, WakeMed Health & Hospitals, Good Shepherd Pharmacy and its RemediChain project, as well as the Center for
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Clinically Integrated Supply Chains: The Future of Supply Chain Management?
Slowly, but surely, supply chain management is evolving. GHX’s Bruce Johnson explains.
It’s hard to believe that after nearly a decade of embracing HIT, the U.S healthcare industry still has its share of technological growing pains. Perhaps there is no better example than supply chain management (SCM), where manual methods often remain the default despite the enthusiasm to take things virtual.
According to a recent survey conducted by Sage Growth Partners, most executives believe SCM is a
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GHX Names Top 50 Healthcare Providers for Supply Chain Excellence
Global Healthcare Exchange, LLC (GHX) has unveiled its annual list of the healthcare provider organizations being recognized as the 2018GHX “Best 50” supply chains in North America for their work in improving operational performance and driving down costs through supply chain automation. To select the Best 50, GHX looked at the performance of more than 4,100 hospitals in the U.S. and Canada connected to the GHX electronic trading exchange. GHX identified the 50 healthcare organizations that
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Jump Technologies Raises $2M to Expand Hospital Supply Chain Management Platform
Jump Technologies, a hospital supply chain solutions provider, today announced it has raised $2 million in funding led by Black Granite Capital and includes new strategic investor Mount Sinai Ventures and reinvestment by two large investors. The Eagan, MN-based company plans to use the latest round of funding to expand the company’s national sales efforts and support broader product development.Supply Chain Management Is Often Overlooked in HospitalsInventory management in hospitals is often
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GHX: Collaboration Critical to Advance Clinically Integrated Supply Chains
Driving the next level of innovation in healthcare will require significant collaboration throughout the industry. Today’s healthcare supply chain teams, who possess so much critical data and expertise, and work with nearly every stakeholder in the industry, are increasingly called upon to facilitate the collaboration necessary to attain three familiar healthcare goals: reduce costs, increase efficiency, and improve clinical outcomes. GHX) has identified three key areas where supply chain’s
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GHX Acquires Medical Columbus to Expand Healthcare Supply Chain Presence in Europe
Healthcare supply chain provider GHX announced that the company has entered into an agreement to acquire a majority of assets and employees from Germany-based Medical Columbus, a provider of market leading content management and healthcare procurement software across Germany, Switzerland, Austria, and the Netherlands.With this acquisition, GHX will expand its supply chain and procurement solution offering and trading partner network in key European markets. Both companies’ solutions serve
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3 Digital Trends Transforming Medical Supply Chain Companies
How Medical Supply Companies Can Take Charge with Digital Many businesses today worry about being “Ubered” or “Amazoned” – that is, seeing their markets invaded by digital native upstarts that overturn traditional business models and value propositions. The healthcare industry’s complex supply chains and regulatory burdens seem to create a high wall that will discourage such disruption. Yet the reality is artificial intelligence (AI), machine learning, data analytics and intelligent automation,
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