What You Should Know: Three years after COVID-19 was declared a public health emergency, many healthcare supply chain leaders and frontline professionals are operating in survival mode, according to new industry research from Deloitte Consulting LLP.Ongoing challenges include economic pressures, multiple resource shortages, data visibility and labor issues. Key Findings To gain greater insight into these impacts, Deloitte expanded its study by conducting site visits to healthcare
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Hospital Supply Chain | News, Analysis, Insights
GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform
What You Should Know: - Today GHX announced its acquisition of Syft, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services. - As a wholly-owned subsidiary of GHX, Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. Modernizing Healthcare Supply Chain to Overcome COVID-19 Related Challenges As health systems shift to value-based care as well as overcome
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Shoring Up the Healthcare Supply Chain: 4 Lessons From The COVID-19 Pandemic
In December 2019, the Assistant Secretary for Preparedness and Response told a House committee that “supply chain issues were among the most significant challenges to preparing for an influenza pandemic as well as other infectious diseases.” A few months later, healthcare systems across the country and around the world are face-to-face with that harsh reality, as many of the largest healthcare suppliers are unable to fully meet the growing global demand for personal protective equipment
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5 Lessons from Past Epidemics and Shortages to Help Supply Chains Cope with COVID-19
If we don’t learn from history, are we doomed to repeat it? In 2009, as the H1N1 swine flu swept the globe, U.S. hospitals began to run out of test kits. Some had to set up tents to handle the rush of patients. Supplies of personal protective equipment including N95 respirator masks ran out in many places despite millions distributed from the national stockpile. Today’s coronavirus crisis is exponentially worse yet eerily familiar. Hospitals in New York, the pandemic’s epicenter, are
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COVID-19: Is Your Hospital’s Supply Chain Ready for Coronavirus?
Chances are good the face mask you’re wearing or have on hand (just in case) was made outside the United States, maybe in China. In calmer times, that wouldn’t matter much. But when Chinese officials are trying to stem a global pandemic that started in a Chinese city, how likely is it that the country will continue to export face masks at the same rate? This isn’t a hypothetical. With the spread of COVID-19, aka, coronavirus, we know the answer is not very, and that it impacts a great deal
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Jump Technologies Offers Hospitals Free Supply Chain Solution for Tracking COVID-19 Supplies
What You Should Know: - Jump Technologies offers new supply chain solution free of charge to help hospitals manage utilization of critical supplies and avoid stockouts during high volume COVID-19 response. - From a single screen, hospitals can easily see where existing supplies are located (in hospital storage or in a warehouse); track consumption by department, clinic, or user; and forecast potential stockouts. The rapid spread of the novel coronavirus (COVID-19) has placed unique
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GHX Acquires Lumere to Advance Clinically Integrated Supply Chains
- Global Healthcare Exchange (GHX) announced it has acquired Chicago-based Lumere, a provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management. - As reimbursement models move from fee-for-service to fee-for-value, GHX believes Lumere’s capabilities will extend its value to more directly improve patient outcomes at the lowest cost by empowering customers to make
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Social Determinants of Health Trends in 2020: The End of the Beginning?
2020 will mark the end of the beginning of Social Determinants of Health (SDoH). One would be remiss not to give pause and to consider how much time it has taken to get to this pivotal period in US health and healthcare delivery and, focus on the cornerstone “why” healthcare must, with a fierce urgency, step into the twenty-first century of US healthcare delivery. Meaning, it has taken nearly seventy years to go from the World Health Organization identifying the profundity of SDoH influence on
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2 Healthcare Supply Chain Priorities Supporting Value-Based Care to Watch in 2020
- GHX Survey finds healthcare supply chain data and standardization key to accelerating healthcare’s shift to value-based care.- The survey highlights the role of healthcare supply chain data will play during the year(s) ahead in solving the cost-quality-outcomes equation.Global Healthcare Exchange, LLC (GHX), a healthcare business and data automation company has announced the results of a survey conducted among its Best 50 provider organizations regarding healthcare supply chain priorities for
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7 Supply Chain Management Areas Where AI and ML Can Realize the Greatest Cost Savings
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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