Hospitals need to do a better job of using logistics software to track inventory and shipments, according to a September 19 article on Becker's Hospital Review. Quality supply chain software solutions could help the industry save at least $5 billion a year, which is how much money Global Healthcare Exchange (GHX) said was lost because of issues stemming from implantable medical devices.
"Due to its inherent complexity, the implantable device supply chain (IDSC) has resisted automation and the adoption of e-commerce approaches," GHX said in a release. "From the point of manufacture to the point of use, through reconciliation and billing, implantable device pathways are non-standardized, non-uniform and involve dozens of stakeholders. Insiders have long recognized the value an IDSC solution could deliver, but the hurdles impeding its realization have been prohibitively high."
According to Becker's Hospital Review, top-notch supply chain management can help with ensuring visibility and tracking of devices, including through the use of barcode technology. In addition, a software solution can help a medical device provider understand trends in the industry to anticipate future growth or any other potential alterations to the supply chain. Logistics software can also be useful for staying on top of inventory supplies and for making purchase orders.