Healthcare Finance News In anticipation of the coming hurricane season, the Food and Drug Administration (FDA) is recommending that manufacturers and supply chain specialists make preparations to avoid disruptions, damaged inventory, and other related issues. A recent article from Healthcare Finance News outlines a range of recommendations from the FDA related to supply chain operations during hurricane season, from stockpiling …
New AI Tool Predicts Drug Shortages
Pharmacy Practice News Drug shortages continue to be a major issue for hospitals and healthcare system pharmacies, and mitigating these shortages is one of the most pressing challenges facing managers and decision makers. According to a recent article from Pharmacy Practice News, a variety of resources have been helpful in predicting drug availability – namely FDA’s drug shortage database, AHSP …
Using Technology to Manage Medical Shipments
AltexSoft A recent article from AltexSoft illuminates many of the challenges facing medical supply chains, particularly those around shipping medicine, and shows how advances in technology improve processes across the industry. Accurate, timely delivery is one essential piece of achieving patient outcomes, but proper storage, tracking, packaging, and handling are also important components of the larger logistics picture. Through modern …
Reducing Healthcare Supply Chain Spending Waste
SupplyChainBrain Supply chains account for a significant portion of healthcare costs – an estimated 25% of pharmaceutical costs and 40% of medical device budgets – yet a quarter of these costs are considered waste in the form of unanticipated expenses, poor management, and “rogue spend” that results in inefficiencies and overspending in the millions of dollars. A recent article from …
Increasing Drug Shortages Require New Solutions
AMA Ongoing (and increasing drug) shortages across the U.S. healthcare system continue to negatively affect patient care, leading to new policies from the American Medical Association that focus on diversifying manufacturing and stabilizing the generic market. Challenges from declines in domestic manufacturing to supply chain delays with overseas generic manufacturers, as well as an evolving prescribing landscape, the effect of …
Emerging Healthcare Trends Predict Major Changes for Providers
Forbes Looking to the future of healthcare for 2024 and beyond, Forbes recently published an article identifying six major trends that indicate large changes for providers nationwide. Citing ongoing issues with workforce shortages, supply chain problems, changing technologies, gaps in quality of care, and high costs, the article also offers insight into how healthcare providers are already addressing these industry-wide …
Patient Care Compromised Medical Supply Shortages
ISMP In a recent report from the Institute for Safe Medication Practices, the organization presents findings from a July 2023 survey, noting that many respondents have daily struggles related to medication, equipment, and supply shortages. The report reviews areas of the medical industry most affected by these shortages, the negative impact it has on patient outcomes, and actions that staff …
Supply Day 360’s New Blog: Blog 360!
SupplyDay360 is a US-based software & services company with over 24 years of ERP supply chain, barcoding, integration, and EDI experience. We provide a complete and enhanced 360 supply chain procurement, inventory management, and payables invoice match Software as a Service (SaaS) to simplify and streamline operations, allowing customers to reduce costs and maximize patient care & revenue. Our industry …