Click here to close now.

Welcome!

News Feed Item

GHX Europe Sees Greater Supply Chain Pressures for 2013 Healthcare Market

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.

About GHX

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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
DevOps Summit, 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 and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner. 20,000+ business custome...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, 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 ar...