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 the GS1 US® resource, blockchain technology, speculation on whether Amazon and Apple are entering the EHR market, and more. Our article lineup for this week is:

  1. Blockchain technology improving healthcare information
  2. Will Amazon or Apple enter the EHR Market?
  3. New GS1 US® Resource Supports Efforts to help Standardize Healthcare Industry Product Numbers
  4. How HIT Helps Mission Critical Visibility into Supply Chain

#1: “Blockchain technology improving healthcare information”

By Terry Brock, a TEDx speaker and contributing editor

SpendVu’s thoughts: Blockchain is one of the hot buzz-words here in Silicon Valley, and the opinion piece below nicely summarizes why Healthcare should be getting excited too. This article doesn’t cover how the additional benefits a decentralized network and stronger security logging could play in the prevention of rising healthcare data hacks.

Article SynopsisA ground-breaking technology, blockchain, allows digital information to be distributed but not copied. It is creating the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology.

Healthcare applications it’s being used for include:

  • Information exchange between medical professionals
  • Billing and claims issues
  • Origin and tracking of drugs used
  • IoMT and device tracking

Read more at: https://www.bizjournals.com/bizjournals/how-to/growth-strategies/2017/08/how-blockchain-can-improve-healthcare.html


#2: “Will Amazon or Apple enter the EHR Market?”

Compilation created by Healthcare IT News

SpendVu’s thoughts: This speculation piece interests us because it could be a game changer (either for the industry or for the firm itself) if either Apple or Amazon enter the EHR Market. While these companies have dabbled in “digital health” before, developing software for healthcare professionals is a whole different ballgame. However, Amazon has a strong track record of branching into industries and bringing best practices along. If I were to bet on one, I’d hedge my bet on Amazon over Apple. 

Article SynopsisHealthcare IT News compiles a series of articles spanning across 2017 on how and why these two tech giants may be planning on disrupting the EHR space.

Read more at: http://www.healthcareitnews.com/slideshow/decide-yourself-will-apple-and-amazon-enter-ehr-market?


#3: “New GS1 US® Resource Supports Efforts to help Standardize Healthcare Industry Product Numbers.” 

Press Release from GS1 US

SpendVu’s thoughts: Similar to a story in last week’s digest (Read Here), using standardized numbers to identify products will bring efficiency and reduce redundancy – something we’re all about here at SpendVu!

Article SynopsisThe GTIN Adoption and Usage Model was developed by GS1 Healthcare US®, a not-for-profit information standards organization that facilitates industry collaboration to help improve supply chain visibility and efficiency using GS1 Standards, the most widely-used supply chain standards system in the world.

On August 8, they announced an expansion effort to standardize product IDs which streamlines operations, meets regulatory requirements, and creates better supply chain visibility.

Read more at: http://www.prnewswire.com/news-releases/new-resource-from-gs1-us-helps-healthcare-industry-optimize-supply-chain-operations-through-standardized-product-identification-300500986.html


#4: “How HIT Helps Mission Critical Visibility into Supply Chain.”
By David Brunswick for Health Data Management

SpendVu’s thoughts: I would stress the importance of communication here; a streamlined, highly efficient Supply Chain needs software tools that not only communicate with the departments using the product, but also communicates with other software systems. Most everyone expects a system to send out automated alerts, but are you checking that the system(s) you purchase have robust Web APIs?

Article SynopsisHealthcare organizations must live up to the promises of a well-oiled supply chain system that lowers costs, reduces inefficiencies, and improves patient care. They must focus on the processes and marry technology with people to build a “digital ecosystem.”

Read more at: https://www.healthdatamanagement.com/opinion/how-to-use-it-to-improve-healthcare-supply-chain-operations