Healthcare Business Review Weekly Brief
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Healthcare stands at the forefront of innovation in an age of unprecedented technological leaps, driving improvements in patient care, streamlining operations, and enhancing cost efficiency. Among the many facets of healthcare that have witnessed transformative change, the supply chain management system profoundly revolutionizes how we deliver care.
At the forefront of this technological revolution is data analytics. Advanced analytics tools enable healthcare providers to monitor and predict demand accurately, optimize inventory levels, and foresee potential disruptions. Blockchain technology is poised to revolutionize pharmaceuticals and medical devices’ transparency, security, and traceability. By creating an immutable ledger of transactions, it ensures the authenticity of products, reduces the risk of counterfeits, and bolsters the integrity of the supply chain.
Artificial Intelligence algorithms stand as another pillar of transformation. They have the power to predict equipment maintenance needs, optimize routes for medical supply deliveries, and even forecast disease outbreaks by analyzing vast datasets. With the ability to adapt and learn continually, Machine Learning (ML) models enhance inventory management by predicting consumption patterns and recommending optimal restocking times.
The healthcare supply chain management market is expected to grow from $2.61 billion in 2022 to $6.90 billion in 2023 at a CAGR of 14.9 percent. The increasing use of advanced supply chain solutions like e-procurement, advanced supply chain planning systems, and adopting cloud-based solutions are key factors contributing to this market growth.
In this latest edition of Healthcare Business Review, we take an in-depth look into the dynamic world of healthcare supply chain management. We explore how companies are embracing cutting-edge solutions to provide exceptional services in this crucial sector, where efficiency and precision are paramount.
It features thought leadership articles from industry leaders including Paul Suett, System Director of Supply Chain Performance at Northwestern Medicine, and Motz Feinberg, Vice President and Chief Supply Chain Officer at Cedars-Sinai. Their expertise sheds light on the evolving landscape of healthcare supply chain management and the innovative strategies driving its progress.
We also present compelling stories of healthcare supply chain management companies that have gone above and beyond to deliver top-notch services.
In this edition featuring top Healthcare Supply Chain Management Solutions and Services Providers 2023, we hope you find the right partner to meet your business requirements.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
Using its unique software, Bringing Employees, Resources, and Technology to Hospital Audits (BERTHA), along with on-the-ground services, BIG Inventory helps hospitals get a clear picture of their medical supplies. It shows not only what they have but where it is, down to the exact shelf. This detailed information helps hospitals figure out what they have too much of and what they could use more efficiently.
1WorldSync simplifies the creation and distribution of impactful content that’s accurate, consistent and relevant everywhere commerce happens. As one of the leading commerce networks, 1WorldSync powers leading brands and retailers with access to the most current and complete product information locally and globally.
CVS Health is one of the leading health solutions company, delivering care. They help people navigate the health care system and their personal health care–by improving access, lowering costs and being a trusted partner for every meaningful moment of health.
Euromed Pharma US delivers strategic services tailored to support companies in their quest to better healthcare. They support each industry player from drug development through the postmarketing phases by offering solutions in CTS services, Clinical GMP Packaging, Labeling and Distribution, IMP management, Early Access and Named Patient Programs, Pharma Order to cash solutions, and Supply Chain & Logistics.
Health Supply US offer logistic operations expedite delivery to private and government medical treatment facilities. They research and source products from numerous manufacturers to find the safest, most effective equipment for frontline healthcare workers and other government personnel.
InVita Healthcare Technologies premier software solutions provide operational insight. Their solutions are highly configurable, streamlined, and enable swift action for improved operations and better outcomes with centers on using the latest technologies and expertise in medical, public health, and forensic science.
McKesson Corporation is one of the diversified healthcare leader s offering solutions that help patients access life-changing therapies, create a real difference for patients with cancer, and equip pharmacies, health systems and clinics with technologies to operate effectively.
PharmaLink is one of the nation’s premier Pharmaceutical Reverse Logistics and Disposal provider. They deliver impactful solutions that trim cycle time while safely removing unwanted product from marketplace. They have a 360 degree view of the needs of all businesses involved in the delivery of healthcare in the pharmaceutical supply chain.
VendNovation enables user authentication, credit card payments, transaction reporting, and inventory management with their solution. Their cloud-based vending management software enables organizations to have centralized control and real-time visibility into product dispensing from anywhere at any time.
Vizient is one of the nation’s largest health care performance improvement companies. They provides expertise, analytics and advisory services, and a contract portfolio. Their solutions and services improve the delivery of highvalue care by aligning cost, quality and market performance.
