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Supply Chain Utilization In Healthcare

1047 Words5 Pages

Newly uncovered savings come not from reduced prices, but from eliminating waste, inefficiency, misuse, and value mismatches of the products, services, and technologies healthcare organizations employ. The following types of utilization misalignment are common in healthcare organizations.
Standardization: Customizing products to customers' exact requirements can reduce an organization's supply chain expenses. Otherwise, the healthcare organization's money is wasted on unnecessary functions and features. Hence customization is preferred over standardization.
Over-specification: Hospitals often purchase products with components or features that are not medically, legally, or functionally required.
Under-specification: Too few components, wrong …show more content…

Undoubtedly, healthcare becomes tremendously complex as a business activity to manage diversified locations, changing organizational structures, mergers, employees, and multiple information systems across the globe. Healthcare organizations must strive for value addition across entire supply chain by monitoring supply chain performance. The latest innovations in RFID technology, Supply Utilization management & Virtually centralized Supply chain management holds the key to the future. Looking to the future, supply utilization management is an emerging recommended practice that will enable healthcare organizations to dig deeper and more broadly into their supply chain expenses to harvest new and even better supply savings. Exploiting the power of RFID technology is not simply about replacing bar codes with tags. The specific benefits that RFID tags offer over bar codes present an entirely new way of working in the competitive business environment.
To summarize: the health care industry is highly interdependent and only one part can’t attain efficiency leaving behind others. That is the reason why strategy such as Virtual Centralization is proving to be popular and successful. That is not the end of the road, the industry has to look forward to each and every minute development in the supply chain of related industries …show more content…

Provide chronic disease prevalence data as the basis for cost-effective, cost-efficient, cost-beneficial health supply chain management and development of LMIC
3. achieve a 10% decreased patient dissatisfaction with hospital-based care in LMIC stratified by age groups, gender, and socioeconomic status
Project Specific Aims: in order to achieve the overarching objective, we propose the following specific aims:
1. Conscientiously carry out incessant monitoring and evaluation of the project to assure realization of set objectives
2. Mobilize resources for community participation and eventual project ownership
Implementation Strategy: Creating a high–performing value-based healthcare system
The Institute of Medicine talks about “Crossing the Quality Chasm” that explains the impact of macro-systems on micro-systems in health care. Macro-systems are the organizations and environmental forces that support and influence micro-systems. Micro-systems are the people, processes, and practices that interact daily with patients or support patients at the local level. The macro-systems have greater impact on overall health system performance. Supply chain in the healthcare industry is a significant driver of the alarmingly high cost that is making the produce of the industry beyond the reach of the mass, especially in

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