The global healthcare industry is undergoing a fundamental transition from a volume-based to a value-based approach to doing business for two primary reasons. One, consumers are demanding enhanced healthcare quality, especially given the high cost of insurance. Two, healthcare providers are under greater regulatory pressures to deliver better outcomes than ever before. In addition to these pressures, healthcare organizations are also facing unprecedented challenges to maintaining their standards for safety and quality: Labor shortages: Overworked healthcare professionals are required to do more with less, which increases the potential for compliance gaps despite their best efforts. New forms of healthcare delivery: The increasing complexity of medications, vaccines, biologics, and …
Posts about Pharmacy
Especially since the onset of the global COVID-19 pandemic in 2020, inventory management has become a complicated, high-stakes priority for the healthcare industry. A primary lesson learned over the last several years is that, as supply chains become more globalized, their sensitivity to disruption increases. Consequently, healthcare enterprises often struggle to collect real-time data on asset location and condition, which compromises their ability to make timely decisions about inventory levels and to execute appropriate action to correct them. Inevitably, errors in inventory availability create disabling out-of-stock or wasteful overstock situations. In this post, we provide an overview of IoT-enabled best practices that help overcome challenges to healthcare inventory management. The …
According to an SAP survey from 2022, a majority of senior executives at enterprise businesses reported that the unprecedented supply chain disruptions caused in large part by the COVID-19 epidemic are still ongoing and that, consequently, their supply chains need significant improvements. During the last five years, it has become evident that in order to overcome these supply chain challenges, companies must leverage advanced technologies, including the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). The growing acceptance of digitalization and prescriptive analytics demonstrates that business leaders recognize their critical role in optimizing inventory management and ensuring asset safety and quality. In fact, the global market value of IoT in Supply …
Focusing more attention recently on patient-centered care, the U.S. healthcare sector has been motivated to establish more high reliability organizations (HROs). As defined by the federal government’s Agency for Healthcare Research and Quality, HROs are organizations that operate in complex, high-hazard domains for extended periods without serious accidents or catastrophic failures. Among the many standards sought to achieve HRO status, health care leaders prioritize safety and security by adopting IoT systems that anticipate and mitigate potential risks. In addition, they foster an enterprise-wide culture of heightened awareness, in which all stakeholders are alerted to potential hazards and actively seek to identify and address disruptions before they escalate, thereby reducing medical …
Improving the asset health of medical refrigeration depends on real-time condition monitoring, preventive maintenance, and energy conservation that keep cooling equipment reliable across the healthcare cold chain. These practices help hospitals, clinics, pharmacies, and pharmaceutical companies catch mechanical failures and environmental excursions before they threaten the safety and potency of vaccines, medications, and lab samples. Table of Contents: What is asset health management? How to ensure the safety and potency of medical products Pros of digitalizing and automating medical refrigeration asset health Features of proactive protocols and preventive maintenance How to audit and optimize efficient energy consumption What are the benefits of sustainability initiatives? Reducing …
Leading healthcare organizations are expanding sensorability across their assets to improve health outcomes. Sensorability combines IoT technologies with fuzzy logic and artificial neural networks to manage assets and inventories, thereby maximizing on-shelf availability while reducing unnecessary costs. In the healthcare sector specifically, sensorability refers to the capacity of an integrated network of assets to use sensors that monitor their environmental conditions to ensure the efficacy of vaccines and medications during transport, storage, and administration. The successful integration of disparate sensing capabilities is proven to be effective to ensure product safety, optimize asset maintenance, improve health worker productivity, and increase patient satisfaction. Generative …