Welcome to this week’s edition of SpendVu’s healthcare IT and supply chain related news.
Join us weekly for a new post featuring select industry related articles that we find interesting, controversial, and/or enlightening.
- In Real Estate, It’s Location; In Healthcare, It’s Compliance
- FDA device ID, Blockchain, Cloud Driving Growth of Healthcare Supply Chain Market
- Healthcare Consumerism: Supply Chains that Follow the Patient Home
#1: “In Real Estate, It’s Location; In Healthcare, It’s Compliance”
Article Synopsis: America’s hospitals must improve patient outcomes, and do it more cost effectively. Supply Chain Management (SCM) leadership is reexamining its grasp of supply chain fundamentals and bringing it in-house. As a result, long-term SCM partners (Group Purchasing Organizations, or GPOs) are being forced to defend their relevance. Hiring from the outside is becoming more trendy to achieve goals and efforts to quickly replenishment and self-fulfill is desired. Learn more how healthcare SCM performance and change management is gaining traction.
#2: “FDA device ID, Blockchain, Cloud Driving Growth of Healthcare Supply Chain Market”
by Bill Siwicki
Article Synopsis: Key factors that healthcare supply chain industry is to reach reach $2.31 billion by 2022, up from $1.55 billion in 2017, are the emergence of cloud-based systems, implementation of the unique device identification initiative by the U.S. Food and Drug Administration, the adoption of the GS1 System of standards in the healthcare industry globally and more. Continuous financial support in the form of various funding, investments and partnerships, along with growing efforts to reduce the large-scale counterfeiting of drugs, are also leading to big changes in the space. Software involvement, such as cloud computing, holds the largest share and can be attributed to the benefits it offers, such as increased efficiency, reduced costs and business intelligence,
#3: “Healthcare Consumerism: Supply Chains that Follow the Patient Home”
by Tom Finn
Article Synopsis: Healthcare’s supply chain is extending and fragmenting. New supply chains are being created and the distribution logistics (thanks to all things e-commerce) are already in place. Hospitals are in the business of promoting health, they need to embrace an approach that follows patients home.