Currently, untapped saving opportunities in the healthcare supply chain cost hospitals and healthcare systems tons of money. This more or less translates to wasted resources that could go back into patient care. The complexities of supply chain management, especially in the health setting, pose problems for finding ways to reduce costs without sacrificing efficiency and quality of patient care. When we take stock of the healthcare technology at our disposal, we may find that these tools and capabilities can address some of the pressing issues with healthcare supply chains. While policy and regulatory efforts must make some necessary adjustments, healthcare technology provides immense potential for improvements.
Improving Healthcare Supply Chain
The greatest challenges in supply chain management from the hospital’s perspective are straightforward in the idea but complicated in terms of finding and executing solutions. The obvious front-runner is creating cost-savings for purchasers, such as hospitals and health clinics. However, that’s just one of the many inefficiencies that need remedying if we expect hospitals to make considerable improvements. The purchasing experience for critical medical supplies and pharmaceuticals needs to improve supply chain transparency, enable valuable search functions, and automate manual processes.
The industry can and must automate every stage of product manufacturing, distribution, transportation, and procurement for medical supplies and drugs. In order to keep up with the large volumes and frequencies of supply orders, healthcare technology should track every aspect of the management process to eliminate the chance for human errors and delays. Inventory systems can keep detailed records for when products are used and running low, so automatic refills can be placed to maintain a steady supply.
Data and Analytics
Artificial intelligence uses its predictive abilities to manage data and generate insightful analytic reports. If the hospital systems took advantage of all the data generated from spending, product use, distributor prices, etc., it could reveal areas of improvement. Ultimately, purchasers can refine their plan to reduce waste, maintain sufficient inventories, and cut high costs.
Blockchain capabilities already do so much in the way of securely and quickly processing records. For this item of healthcare technology to improve supply chain efficiencies, blockchain can seamlessly manage the transactions and payment process. This further supports transparency and traceability while facilitating critical communication between buyers and suppliers.
Healthcare IT Services and Solutions from Audley Consulting Group
The experts at Audley Consulting Group dedicate their passion and work to providing exceptional healthcare-centered IT services to our clients. Our consultants uncover your business needs to tailor an effective information technology solution that is unique to your situation. We proudly serve public and private sector clients in the Washington DC, Maryland, Virginia areas, and beyond. Audley Consulting group has delivered value-added IT services to businesses and government agencies. We can show how our healthcare IT services can benefit you too. To get started, call us at 301-770-6464, or visit our website. Follow us on Facebook, Twitter, and LinkedIn.