Executive Briefings

Integrating Supply Chain Is Best Medicine for Healthcare Industry

Fragmentation in the healthcare industry's supply chain inhibits the ability to evaluate clinical efficacy of purchased supplies, as well as identify opportunities to improve efficiency.

Since the purchasing systems tend to operate independently of clinical tools like the electronic medical record, it’s difficult for health systems to evaluate products and standardize around those that are yielding better outcomes for patients. Because all the health system's purchasing data isn't sitting on a common platform, it's also difficult for hospitals to analyze spending across their network to determine which facilities or departments have outlier spending and why.

What’s truly needed in health care are integrated, supply-chain-technology solutions that look to better manage every work stream, from planning to payment, all on a common system. With an integrated platform where all these disparate applications can work together, we can drive more efficient care and better clinical outcomes across the continuum.

We have this today in most consumer markets, where individuals can shop for a pair of shoes, compare pricing, check availability, place an order and track the shipment, all on a single device, enabled by data stored in the cloud.

In the supply chain, it’s high time we interconnected sourcing technologies and analytics to enable total visibility into operational processes, and replicate the IT experience of the smartphone.

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Since the purchasing systems tend to operate independently of clinical tools like the electronic medical record, it’s difficult for health systems to evaluate products and standardize around those that are yielding better outcomes for patients. Because all the health system's purchasing data isn't sitting on a common platform, it's also difficult for hospitals to analyze spending across their network to determine which facilities or departments have outlier spending and why.

What’s truly needed in health care are integrated, supply-chain-technology solutions that look to better manage every work stream, from planning to payment, all on a common system. With an integrated platform where all these disparate applications can work together, we can drive more efficient care and better clinical outcomes across the continuum.

We have this today in most consumer markets, where individuals can shop for a pair of shoes, compare pricing, check availability, place an order and track the shipment, all on a single device, enabled by data stored in the cloud.

In the supply chain, it’s high time we interconnected sourcing technologies and analytics to enable total visibility into operational processes, and replicate the IT experience of the smartphone.

Read Full Article