In the dynamic world of healthcare, supply chain management plays a pivotal role in ensuring the timely and efficient delivery of medical supplies and equipment
In the critical and dynamic world of healthcare, supply chain management plays a pivotal role in ensuring the timely and efficient delivery of medical supplies and equipment. However, traditional supply chain models often face challenges such as fragmented data systems and limited visibility across the ecosystem, negatively impacting patient care. Recognizing these challenges, innovative partnerships are emerging, such as the collaboration between OSF Pointcore, GE HealthCare, and TADA, which is reshaping the future of healthcare - MedTech supply chains.
It was our honor to host senior leaders from OSF Pointcore and GE HealthCare last week at the 2024 Gartner Supply Chain Symposium. Vice President and Global Head of Integrated Supply Chain at GE HealthCare, George Vidonish, as well as Vice President and Administrative Officer of OSF Pointcore, Eric Webb, joined TADA's Chief Operating Officer and Co-Founder, Harsh Koppula, to discuss their journey.
Some key challenges these organizations currently face include:
These challenges are not limited to the healthcare and MedTech spaces. Webb noted that managed services entities in particular are often hindered by the complexity of layered processes such as capital management, fleet management, support operations, budgeting functions, etc., which further exacerbate the challenges associated with connecting data across multiple organizations.
The partnership between each of these organizations is allowing for truly innovative work to be done in pursuit of improving the patient experience. Vidonish spoke of this joint effort to transform the future of healthcare and create a world where healthcare has no limits – improving the quality of care by connecting people, processes, partners, and physical assets. Traditionally, the relationship between MedTech companies and healthcare providers has been transactional, with MedTech companies selling their products to hospitals and healthcare facilities. However, this approach is evolving into a more collaborative partnership aimed at optimizing the entire supply chain for mutual benefit.
Underlying this innovation is TADA Ultimate Command & Control. TADA’s patented AI-Enabled Digital Twin technology is providing real-time end-to-end visibility and multi-enterprise collaboration, the likes of which neither OSF Pointcore nor GE HealthCare have had before. Webb referenced the tremendous speed to value TADA’s technology had provided their organization, specifically noting that insights into operational efficiencies were delivered within six weeks of deployment – an effort that had previously taken the organization upwards of six years. Vidonish also noted that an organization’s ability to make meaningful use of innovative technology is predicated on the organization’s ability to start with a foundation of curated and always connected data. The TADA platform brought that to the table for his team at GE HealthCare.
Ultimately, the innovative approach of MedTech companies like GE HealthCare to partner with their customer hospital systems represents a substantial step forward in healthcare supply chain management. By leveraging technology platforms like that of TADA, these partnerships aim to enhance efficiency, reduce costs, and ultimately improve patient outcomes. As we look to the future, the potential for innovation and improvement in healthcare supply chains is truly transformational.
