| | December 20176UTLOOK Healthcare Tech Copyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 2017Mailing AddressValleyMedia Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510 230 0395, F:510-894-8405 Published by ValleyMedia, Inc. December - 2017, volume 03 - 11 Published by ValleyMedia Inc. To subscribe to Healthcare Tech OutlookVisit www.healthcaretechoutlook.com Managing EditorAlex D'souzaEditorial StaffSalesAaron PaulJoe PhillipAbhinov Punnakkal Justin SmithVisualizerSudhin ThomasSUPPLY CHAIN MANAGEMENT SPECIALJessica Stanley jessica@healthcaretechoutlook.com510.996.5126UTLOOKHealthcare Tech UTLOOKHealthcare Tech EditorialAlex D'souzaManaging Editoreditor@healthcaretechoutlook.comSupply chain in healthcare, unlike other industries, places people, not things at the core of its operations. This is the very reason why it is an enabler of better patient care, and why its transformation is imperative to the healthcare industry as a whole. However, while online retailers like Amazon leverage their supply chain as a primary competitive advantage, the players in healthcare industry are still juggling with pen and paper-based systems to manage their equipment supplies and drugs. Also, the involvement of regulatory agencies such as FDA and healthcare payers including Medicare and private insurers, further complicate the healthcare supply chain scenario. To this end, the adoption of automation, standardization, cloud, and data-driven technologies will help healthcare providers and suppliers leverage the supply chain as a strategic resource, ensuring the availability of supplies as and when they are needed, and eliminating the dangers posed by counterfeiting and medication errors. This also helps disparate departments that follow different processes to function as a single supply chain. Such a setup offers seamless visibility and collaboration across the length of the supply chain to help cut costs by making sure the available products are being used and additional supplies are not requested before they are needed. Also, as hospitals and suppliers build robust databases, the data analytics solutions help them forecast future outcomes with an increased amount of reliability all the while considering the unanticipated risk factors. In a nut shell, building an efficient healthcare supply chain enables access to safer, complaint, and more affordable healthcare. In fact, today, the healthcare supply chain management technology is advancing to a level of sophistication that will bring it closer or even surpass the one that is used in the retail arena. A report by MarketsandMarkets forecasts global healthcare supply chain management market to reach $2.22 Bn by 2021 from $1.45Bn in 2016. There is no doubt that the mushrooming market is replete with a myriad of healthcare supply chain management solution providers. To help healthcare decision makers understand and select the best-of-breed solutions, our goal with this special edition is to highlight the top companies such as Vizient which offers a robust supply chain analytics platform. This edition also blends thought leadership from subject matter experts with real stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Enabler of Better Patient CareKathy Arnold*Some Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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