Click here to close now.

Welcome!

Web 2.0 Authors: Lori MacVittie, Carmen Gonzalez, Elizabeth White, Pat Romanski, Dan Ristic

News Feed Item

GHX Europe Sees Greater Supply Chain Pressures for 2013 Healthcare Market

BRUSSELS, Belgium, December 19, 2012 /PRNewswire/ --

Company predicts healthcare market innovation will continue gaining momentum as financial pressure, austerity measures and global legislation press the industry

The healthcare market remains a precarious place to do business, said GHX CEO Bruce Johnson. However, he predicts the economic and political pressures pushing in on the industry are also accelerating the change required for a sustainable healthcare system.

"The choice is dig in or adapt and thrive," said Johnson. "Continuing to do business using old methods isn't likely to be a winning scenario for any organisation in healthcare. With the pressure the industry is facing, GHX along with the rest of the industry has to answer by offering solutions promising pragmatic change to the way business is done."

"There is great opportunity to change the way business is being conducted," noted GHX Europe president Tina Vatanka Murphy. "What providers are telling us is that in the current climate, they need a way to cut costs while improving patient care. This will undoubtedly focus attention on efficiency savings away from front line care. With the supply chain being the second largest cost centre after labour, it is an obvious place to look for those savings."

GHX Europe predictions for the 2013 healthcare industry:

  • Accelerated  focus on the supply chain
  • Requirement for transparency through system integration and interoperability
  • Increased dependence on supply chain visibility and reporting
  • Greater global commonality

Supply Chain Focus

First among the 2013 predictions from GHX is the anticipation of continued financial pressure on the healthcare industry. "The primary focus for EU nations continues to be reducing their deficits and coping with the financial strains this puts on all member states. In country markets where healthcare is predominantly publicly-funded, such as the UK and Spain, providers are focused at reducing costs away from front line care. In private-sector dominated markets, such as Germany and Switzerland, it is likely that the recent trend of consolidation will continue. For example, the Swiss hospital group Hirslanden Group now consists of 14 clinics" said Murphy. "GHX predicts this can help increase the importance of the supply chain and the focus on reducing operational supply chain cost and inefficiency."

Transparency through System Integration and Communication

"A greater focus on the supply chain will involve a deeper look at integration between different systems to ensure a greater degree of visibility," said Murphy. "Healthcare organisations have evolved separately, chosen different technology service providers and will continue to do so. This creates an imperative for integration between disparate technologies. A trading exchange must be able to integrate and communicate with data management and inventory management solutions. The resulting increase in visibility will help enable organizations to report using a consistent set of metrics."

GHX predicts this will increase the number of organisations looking for integration expertise to enable end-to-end solutions and to deliver interoperability between systems from different service providers.

Supply Chain Visibility and Reporting

"The requirement for interoperability between systems will extend beyond individual providers or suppliers to enable benchmarking at a national and ultimately international level. As provider organizations stride toward new business requirements, they can consider the supply chain as a backbone - a key component of technology infrastructure - that can help capture and share the data they need," said Murphy.

"Before the supply chain can be elevated from the level of an operational burden to the level of a strategic asset, two prerequisites must be met. The first is accurate data, and the second is visibility. Currently, there are large parts of the supply chain that are invisible to many hospitals. For example, frequently hospitals have no accurate idea of what stock they hold on site. One large UK NHS trust 'found' £1.7 million (€2.125 million) worth of additional stock with the aid of capable technology and improved processes."

Greater Global Commonality

"Healthcare is a global market," said Murphy, "and that will be even more evident in 2013. Every time I travel I'm reminded of the increase in the need for global standardization and more commonality across borders."  Murphy sees the July 10, 2012 Federal Drug Administration's long-awaited proposed Unique Device Identification (UDI) rule requiring manufacturers to uniquely identify medical devices through distribution and use, and the recent proposals from the EU Commission as examples of these global market issues.

While the FDA rule itself only applies to manufacturers doing business in the U.S., a universal UDI requirement would help healthcare organizations worldwide better understand the role products play in delivering greater value and higher quality outcomes. UDIs can make it easier to electronically (and in turn more accurately and easily) capture data on specific products used at the point of care, which can help providers determine total costs per procedure, increase billing accuracy, improve inventory management, and with product tracking and identification in the event of product recalls.

"In September this year, the EU Commission has followed suit by publishing proposals for UDI for medical devices. The proposals are due to come into force from 2014 and will increase the pressure on manufacturers to adopt one global standard, and will also increase pressure on providers to adopt supplier-neutral inventory and consignment management solutions," said Murphy.

About GHX

Global Healthcare Exchange, LLC (GHX), a healthcare technology and services company, helps reduce the cost of doing business in healthcare by enabling better supply chain management. GHX makes it easier for hospitals, other healthcare providers and the suppliers that do business with them to drive cost and inefficiency out of their processes. Working with GHX, the healthcare organizations that make up the GHX Global Network are on track to save $5 billion by 2014-savings that can be invested in such things as hiring more nurses, providing care to uninsured children or developing new medical products. GHX is owned by organizations on both the buy and sell side of the healthcare supply chain, including some of the largest companies in the world. Find GHX on the Web, on Twitter @GHX_LLC and on Facebook @GHX and get a global perspective on healthcare industry news, issues and trends at the company's blog, the GHX Healthcare Hub.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
BroadSoft on Tuesday announced that it is a recipient of the 2014 Frost & Sullivan Market Leadership Award in the Hosted/Cloud Internet Protocol (IP) Telephony market for Latin America. According to Frost & Sullivan market research, the Latin America (LATAM) hosted/cloud Internet Protocol (IP) telephony market, including integrated unified communications and collaboration (UC&C) applications, is currently experiencing a rapid growth trajectory and is expected to exhibit a tenfold rise in annual revenues in the 2013-2020 period. With more than 600 cloud deployments internationally, BroadSoft w...
SYS-CON Events announced today that StorPool Storage will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. StorPool is distributed storage software that allows service providers, enterprises and other cloud builders to run data storage on standard x86 servers, instead of using expensive and inefficient storage arrays (SAN).
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communications (RTC) services for app developers. VoxImplant (built by Zingaya, the real-time communication servi...
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manufacturing, ...
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
Sonus Networks introduced the Sonus WebRTC Services Solution, a virtualized Web Real-Time Communications (WebRTC) offer, purpose-built for the Cloud. The WebRTC Services Solution provides signaling from WebRTC-to-WebRTC applications and interworking from WebRTC-to-Session Initiation Protocol (SIP), delivering advanced real-time communications capabilities on mobile applications and on websites, which are accessible via a browser.
SYS-CON Events announced today that Tufin, the market-leading provider of Security Policy Orchestration Solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. As the market leader of Security Policy Orchestration, Tufin automates and accelerates network configuration changes while maintaining security and compliance. Tufin's award-winning Orchestration Suite™ gives IT organizations the power and agility to enforce security policy across complex, multi-vendor enterprise networks. With more than 1...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing systems, that enables cloud service providers and enterprises to build reliable, affordable and scalable cloud storage solu...
“With easy-to-use SDKs for Atmel’s platforms, IoT developers can now reap the benefits of realtime communication, and bypass the security pitfalls and configuration complexities that put IoT deployments at risk,” said Todd Greene, founder & CEO of PubNub. PubNub will team with Atmel at CES 2015 to launch full SDK support for Atmel’s MCU, MPU, and Wireless SoC platforms. Atmel developers now have access to PubNub’s secure Publish/Subscribe messaging with guaranteed ¼ second latencies across PubNub’s 14 global points-of-presence. PubNub delivers secure communication through firewalls, proxy ser...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...