Healthcare facilities are leveraging advanced technologies in patient portals, clinical and administrative workflow management, EHRs, and the list goes on and on. 

But they aren’t adopting productive technology solutions for inventory and supply chain management. So, the costs are increasing for inventory management, labour management, and entire supply chain control.

Thus, healthcare supply chain management is craving for a fresh start to elevate the efficiency of the healthcare system with powerful technology solutions.

So, in this blog, you will learn everything you need to know about healthcare supply chain software.

What is healthcare supply chain management?

Healthcare professionals require medical supplies such as equipment, medicines, gloves, and many more other items at the point of care.

But what if they can’t get the right medical supplies, at the right time, for the right patient? There is a high possibility of a delay in care, right?

However, the delay in care services sometimes results in a life-threatening condition.

Hence, superior healthcare supply chain management is must needed.

Healthcare supply chain management involves gathering resources, managing supplies and simultaneously the movement of medical goods and services from manufacturer to care providers and patients.

Okay, now let’s understand why the healthcare supply chain management needs a technology solutions

In this digital health tech era, still, there are numerous healthcare facilities facing supply chain management concerns. 

For them, healthcare supply chain management is a complex procedure and the prior reason behind that is old-age supply chain solutions.

In fact, the majority of these healthcare supply chain solutions have the lacking ability to support real-time visibility of the medical supply.

What’s more important is that they are not able to keep up with the healthcare professionals' and patients’ real-time expectations.

Here are the primary reasons behind the poor run of supply chain management in healthcare.

• Manual data entry is time-consuming

• Insufficient data reporting with errors

• Low-grade product standardizations

• Lack of automation that causes burnout of the medical staff

As a result, it completely affects the entire healthcare system such as,

• Increases the care delays

• In-efficient collaboration

• Decreases security and trust of the patients

• Increases labour costs

As of that, healthcare professionals can’t focus on the medical condition of the patients which results in poor patient outcomes.

For that reason, healthcare supply chain software or medical supply chain solutions are a must needed for healthcare facilities.

How does healthcare supply chain software improve medical supply chain management efficiency?

Healthcare SCM software enables the healthcare system to manage its medical supplies hassle-free.

With zero effort, the healthcare system can make smarter decisions about inventory management and financial costs.

Furthermore, it streamlines and automates the repetitive manual task which lowers the chance of data entry errors, maximizes transparency, and enriches the performance of supply chain management.

As a result, healthcare professionals can provide the right medical supplies to the right patient, at the right time.

Which solutions does healthcare supply chain software offer?

Healthcare SCM software automates the majority of the manual tasks that are time-consuming for the medical staff.

With that, the healthcare system can effortlessly control everything that the modern healthcare supply chain requires such as,

• Inventory procedures

• Financial management

• Medical bills

• Accounting system

• Collaboration with manufacturers

Who can benefit from the medical supply chain management solutions?

Many healthcare professionals consider that supply chain software is only for large-size healthcare facilities.

But in reality, it is for everyone who is offering healthcare services.

Here is the entire list for it.

• Acute care facilities

• Rehabilitation centers

• Children hospitals

• Long-term care facilities

• Critical access hospitals

• Clinics

• Emergency care facilities

• Ambulatory surgery centers

Why should you build healthcare supply chain software?

Healthcare supply chain management is a complex task that directly impacts operational costs, labour costs, and healthcare system performance.

In fact, after the COVID-19 pandemic, supply chain management became a top priority of the healthcare industry as poor supply chain management results in care delays.

For that reason, investing in a healthcare supply chain solutions can give you a number of benefits such as,

• Real-time inventory visibility

• Improves transparency and scalability of your supply chain

• Help you create a more streamlined distribution channel

• Analytics and reports give you more insight into your healthcare system 

• Enables you to reduce labour efforts and overall costs

• Reduces manual errors in reporting

• Allows you to focus on the patient-centric approach

• There’s no need to worry about the shortage of the medical supplies

• Saves your healthcare system operational costs

• Increases safety and trust of the patients along with the product standardization process

But still, if you have a doubt regarding healthcare SCM software, let’s explore a case study about it.

Overview of the medical supply chain software case study conducted by Syft

Sage Growth Partners (SGM) recently conducted a survey of 100 healthcare and supply chain leaders on behalf of SCM vendor Syft.

Here are the key points of the case study.

• “98% say supply chain management (SCM) is a moderate to high priority”

• “87% believe it can improve margins by more than 1%”

• “86% somewhat/strongly agree SCM can improve care quality” 

• “63% say there is a clear huge ROI for supply chain analytics” 

• “97% believe supply chain analytics can positively impact costs”

What things should you consider for selecting or developing a healthcare supply chain software?

Purposeful features are necessary for developing or selecting a healthcare SCM software.

Here are some of the aspects you should consider for it.

• Real-time and end-to-end supply chain visibility

• Integration of other clinical workflow systems to streamline data sharing of both financial and clinical reports

• Simple to use and attractive user interface

• Reporting and analytics tools to make better decisions for improving supply chain efficiency

• Easy to manage inventory, order, and supply chain management system

• Security and scalability

So, if you want to scale up your healthcare SCM, know how we can help you with our healthcare-specific tech expertise.

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We are an Ontario-based healthcare IT company.

For the past 7+ years, we've been putting together our healthcare IT passion, dedication, and most importantly understanding to deliver the most influential healthcare IT projects.

With our strong mindset and hands-on experience, we help healthcare organizations, enterprises, and startups to scale up their efforts.

We are purpose-driven people who want to change the entire healthcare industry with our 50+ healthcare IT professionals who have been working on healthcare IT projects since the start of their careers.

Our dedicated and experienced team includes – app developers, QA engineers, business analysts, compliance specialists, and UI/UX designers.

What makes us different from the rest is that we follow a result-driven approach to healthcare IT project development.

This means, we also focus on the other essential elements apart from coding which gives our healthcare IT projects a competitive edge in the market.

So, if you want to scale up your healthcare business vision along with our results-driven approach let’s have a productive talk about your business goals!