Cardinal Health survey reveals benefits of making supply chain more efficient
According to a recent national survey of hospital executives commissioned by Ohio-based Cardinal Health, an increasingly high cost of supplies ranked as the second-largest problem facing healthcare systems today.
To reverse this trend, the survey revealed the majority of respondents are taking action to improve their supply chain, as they agree this step will help reduce costs. Two-thirds of those surveyed said they “strongly agree” that improving the effectiveness of their supply chain will reduce overall costs, increase revenue and lead to a better quality of care.
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As hospitals continue to shift toward value-based healthcare, reducing costs is becoming a more and more essential goal. The supply chain, as well as the products it transports, is the second-highest expense for healthcare providers.
“This is an exciting time for healthcare supply chain management,” said Tony Vahedian, senior vice president and general manager of Medical Services and Solutions at Cardinal Health. “We're seeing executives take action to improve and demand more value from their supply chain. They recognize that maintaining status quo in their systems is no longer sufficient due to the ever-increasing cost pressures in the industry.
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“We believe hospital decision makers understand that the supply chain can be a strategic asset if the industry collaborates to improve its effectiveness and unlock data within it.”
The supply chain management at the majority of hospitals requires staffing that is able to handle multiple — and often excessive — systems lacking the data sharing and transparency necessary to prevent waste.
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The healthcare sector would benefit from advancements in supply chain technology that are used in other industries which deliver analytics and insights to support transparent, data-driven decisions.
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Vuram launches automated app to track COVID-19 supplies
A new app that tracks COVID-19 supplies in real time time has launched.
Built by hyper-automation services company Vuram, Trackable can monitor the progress of vaccines, oxygen cylinders, PPE, and masks as they move through the supply chain.
The app's features include street view to facilitate coordination between drivers, and trained facial recognition software powered by Microsoft Azure to ensure goods are only handled by authorised personnel.
Other functions include:
* Demand management for inventories, to prioritise deliveries using automation
* Demand analysis to predict sales trends based on stock levels
* Offline multilingual feature for drivers
* A dashboard to see the status and location of drivers
* Insights on how products are performing in real-time
The team at Vuram built Trackable as part of the Appian World 2021 Online Hackathon, where participants can take their ideas for innovative software and create a custom app. The tracking app went on to win the contest.
“Custom component building is at the heart of this application, and we focussed on making them more creative to provide an improved user experience" said Santosh Kumar, co-developer of Trackable.
"We are happy that we have managed to make it to the top in just a month. On behalf of Vuram, I thank the Appian Hackathon team for their efforts in conducting the event, and my hearty congratulations to all the winners."