|By PR Newswire||
|December 19, 2012 03:01 AM EST||
BRUSSELS, Belgium, December 19, 2012 /PRNewswire/ --
Company predicts healthcare market innovation will continue gaining momentum as financial pressure, austerity measures and global legislation press the industry
The healthcare market remains a precarious place to do business, said GHX CEO Bruce Johnson. However, he predicts the economic and political pressures pushing in on the industry are also accelerating the change required for a sustainable healthcare system.
"The choice is dig in or adapt and thrive," said Johnson. "Continuing to do business using old methods isn't likely to be a winning scenario for any organisation in healthcare. With the pressure the industry is facing, GHX along with the rest of the industry has to answer by offering solutions promising pragmatic change to the way business is done."
"There is great opportunity to change the way business is being conducted," noted GHX Europe president Tina Vatanka Murphy. "What providers are telling us is that in the current climate, they need a way to cut costs while improving patient care. This will undoubtedly focus attention on efficiency savings away from front line care. With the supply chain being the second largest cost centre after labour, it is an obvious place to look for those savings."
GHX Europe predictions for the 2013 healthcare industry:
- Accelerated focus on the supply chain
- Requirement for transparency through system integration and interoperability
- Increased dependence on supply chain visibility and reporting
- Greater global commonality
Supply Chain Focus
First among the 2013 predictions from GHX is the anticipation of continued financial pressure on the healthcare industry. "The primary focus for EU nations continues to be reducing their deficits and coping with the financial strains this puts on all member states. In country markets where healthcare is predominantly publicly-funded, such as the UK and Spain, providers are focused at reducing costs away from front line care. In private-sector dominated markets, such as Germany and Switzerland, it is likely that the recent trend of consolidation will continue. For example, the Swiss hospital group Hirslanden Group now consists of 14 clinics" said Murphy. "GHX predicts this can help increase the importance of the supply chain and the focus on reducing operational supply chain cost and inefficiency."
Transparency through System Integration and Communication
"A greater focus on the supply chain will involve a deeper look at integration between different systems to ensure a greater degree of visibility," said Murphy. "Healthcare organisations have evolved separately, chosen different technology service providers and will continue to do so. This creates an imperative for integration between disparate technologies. A trading exchange must be able to integrate and communicate with data management and inventory management solutions. The resulting increase in visibility will help enable organizations to report using a consistent set of metrics."
GHX predicts this will increase the number of organisations looking for integration expertise to enable end-to-end solutions and to deliver interoperability between systems from different service providers.
Supply Chain Visibility and Reporting
"The requirement for interoperability between systems will extend beyond individual providers or suppliers to enable benchmarking at a national and ultimately international level. As provider organizations stride toward new business requirements, they can consider the supply chain as a backbone - a key component of technology infrastructure - that can help capture and share the data they need," said Murphy.
"Before the supply chain can be elevated from the level of an operational burden to the level of a strategic asset, two prerequisites must be met. The first is accurate data, and the second is visibility. Currently, there are large parts of the supply chain that are invisible to many hospitals. For example, frequently hospitals have no accurate idea of what stock they hold on site. One large UK NHS trust 'found' £1.7 million (€2.125 million) worth of additional stock with the aid of capable technology and improved processes."
Greater Global Commonality
"Healthcare is a global market," said Murphy, "and that will be even more evident in 2013. Every time I travel I'm reminded of the increase in the need for global standardization and more commonality across borders." Murphy sees the July 10, 2012 Federal Drug Administration's long-awaited proposed Unique Device Identification (UDI) rule requiring manufacturers to uniquely identify medical devices through distribution and use, and the recent proposals from the EU Commission as examples of these global market issues.
While the FDA rule itself only applies to manufacturers doing business in the U.S., a universal UDI requirement would help healthcare organizations worldwide better understand the role products play in delivering greater value and higher quality outcomes. UDIs can make it easier to electronically (and in turn more accurately and easily) capture data on specific products used at the point of care, which can help providers determine total costs per procedure, increase billing accuracy, improve inventory management, and with product tracking and identification in the event of product recalls.
"In September this year, the EU Commission has followed suit by publishing proposals for UDI for medical devices. The proposals are due to come into force from 2014 and will increase the pressure on manufacturers to adopt one global standard, and will also increase pressure on providers to adopt supplier-neutral inventory and consignment management solutions," said Murphy.
Global Healthcare Exchange, LLC (GHX), a healthcare technology and services company, helps reduce the cost of doing business in healthcare by enabling better supply chain management. GHX makes it easier for hospitals, other healthcare providers and the suppliers that do business with them to drive cost and inefficiency out of their processes. Working with GHX, the healthcare organizations that make up the GHX Global Network are on track to save $5 billion by 2014-savings that can be invested in such things as hiring more nurses, providing care to uninsured children or developing new medical products. GHX is owned by organizations on both the buy and sell side of the healthcare supply chain, including some of the largest companies in the world. Find GHX on the Web, on Twitter @GHX_LLC and on Facebook @GHX and get a global perspective on healthcare industry news, issues and trends at the company's blog, the GHX Healthcare Hub.
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
May. 26, 2016 10:15 PM EDT Reads: 2,027
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
May. 26, 2016 10:00 PM EDT Reads: 1,880
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 26, 2016 10:00 PM EDT Reads: 2,535
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
May. 26, 2016 09:45 PM EDT Reads: 2,338
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
May. 26, 2016 09:30 PM EDT Reads: 2,999
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
May. 26, 2016 09:15 PM EDT Reads: 1,852
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 26, 2016 09:15 PM EDT Reads: 2,238
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 26, 2016 09:00 PM EDT Reads: 1,258
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 26, 2016 08:45 PM EDT Reads: 1,120
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
May. 26, 2016 08:45 PM EDT Reads: 3,079
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 26, 2016 08:00 PM EDT Reads: 1,226
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
May. 26, 2016 08:00 PM EDT Reads: 2,321
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
May. 26, 2016 08:00 PM EDT Reads: 2,113
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
May. 26, 2016 08:00 PM EDT Reads: 2,063
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
May. 26, 2016 08:00 PM EDT Reads: 2,301