Welcome to this week’s edition of SpendVu’s Healthcare IT and Supply Chain News Weekly Digest. Join us each Friday for a new post featuring select industry related articles that we at SpendVu find interesting, controversial, and/or enlightening.
Catch up on this week’s industry news including news reports about data-driven vs data-informed, workflow optimization, and why utilizing software can bring efficiency across all of supply chain. Our article lineup for this week is:
- Why Healthcare Needs Value-Based Supply Chain Management
- Workflow Optimization for Hospital Staff can Start with Streamlining Supply Chain Efficiency
- C-Level Executives Fear Missing Healthcare IT Cloud Innovations
- Goodbye data-driven orgs; Hello information-driven hospitals
- Tips for Supply Chain Leaders. Be Technologically Innovative
#1: “Why Healthcare Needs Value-Based Supply Chain Management”
By Jacqueline DiChiara
SpendVu’s thoughts: While this article claims that the “supply chain future is about mending broken links”, I would counter and say supply chain future is about breaking the silo mentality and bridging different departmental gaps. Supply chain leaders can facilitate this by bringing in select systems, such as SpendVu’s automation platform for strategic process flow management and BlueBin’s kanban inventory management. This piece mentions early on that communication is key, and I want to reiterate that here (you may see this as trend in my Friday digests!). Communication is of vital importance to an efficient supply chain, and communication is not just people to people; it is also system to system.
Article Synopsis: The healthcare industry is still struggling to streamline its supply chain management strategies because so many different people, organizations, and touch points are involved in the process. Tracking and monitoring products in a transitional reimbursement landscape means focusing on the greater importance of big data.
#2: “Workflow Optimization for Hospital Staff Can Start with Streamlining Supply Chain Efficiency”
By Ruth Damron for Becker’s Hospital Review
SpendVu’s thoughts: I’m disappointed in this article because it fails to address the large part of the supply chain spectrum that is not products. While products are tangible and easy to discuss, purchased services is a significant percentage of a supply chain’s budget. According to Healthtrust in 2014, it can be as much as “20-30% of a hospital’s total expense.” (Read more here.) With the rise of technology requests also having a purchased services component, hospital systems need to implement software systems that are flexible enough to accommodate workflow optimization not just for products, but also for purchased services… and Capital, IT, Non-Budget, Fast-Tracked… the list goes on. If you truly want to optimize your supply chain operations, do not buy a system for each function. Buy a system that can grow with your needs and is flexible enough to handle the full gamut of supply chain.
Article Synopsis: A business case for eliminating manual, redundant and human error-prone processes where the supply chain impacts healthcare clinical workflows to ultimately help get clinicians and nurses back to patients.
Happy caregivers equal happy patients. When caregivers have sufficient time to care for patients, rather than manually document product utilization, employee satisfaction increases which, in turn, supports patient satisfaction.
#3: “C-Level Executives Fear Missing Healthcare IT Cloud Innovations”
By Elizabeth O’Dowd
SpendVu’s thoughts: My take on this article is actually a call to action for software vendors! The onus is on us, software providers, to create platforms that are easy to explain, easy to use, and easy to adopt.
Article Synopsis: 81% of recently reported C-level executives are concerned that their organization is not adopting new cloud technologies quickly enough, and even fear missing out on cloud services. They have stated that they plan to allocate more budgets toward cloud migration to be innovative and take advantages of flexible technology advancements.
#4: “Goodbye data-driven orgs; Hello information-driven hospitals”
By Tom Sullivan
SpendVu’s thoughts: I find articles like this to be a good example of how getting caught up in the terminology of something can be detrimental to seeing results in action. I don’t know anyone out there who would argue that being “data-driven” means you are blindly following what a bar graph or pivot table tells you without first critically reviewing other factors or without bringing human ingenuity to the table. Being data-driven means you are using data to help validate your strategic path forward; it doesn’t mean you are letting data singularly decide your next steps. Call this data-driven or call this data-informed. I would rather see organizations less focused on what to name this mentality and more enthusiastic about implementing it.
Article Synopsis: Hospitals still need to figure out exactly how to use their information, what data and sources to look at and how to integrate this new approach into decision-making processes. HIMSS Analytics advisors are discussing the pain points associated with data-driven decision making and found that the massive expense of operationalizing large-scale analytics programs to deliver fully integrated data sets is among the thorniest challenges.
#5: “Tips for Supply Chain Leaders. Be Technologically Innovative.”
By Becker’s Hospital Review
SpendVu’s thoughts: Lean methodology seems to be cropping up lately in healthcare supply chain. Will this be a long-term trend?
Article Synopsis: There is an industry wide effort to reduce costs and maximize efficiency in healthcare supply chain. Technical expertise and knowledge, ingenuity and adaptability, and efficiency to encourage innovation are key tips to be being a leader of innovation.