Why automate your supply chain?
Rising healthcare costs, nursing shortages and a comprehensive healthcare reform that translates into declining reimbursements are all putting pressure on operating margins across the front line of service, making it that much more critical to prevent revenue leakage, improve cost containment and increase operational efficiency.
Given this situation, supply chain automation represents a significant opportunity, as it releases resources, reduces inventory costs and improves charge capture by addressing the following problems:
Cost of excess ‘safety’ stock
Safety stock is usually a reaction to the disruptive stockouts and urgent orders caused by manual and erroneous demand assessments. Leaner inventory levels can be achieved with the increased accuracy that comes with an automated demand chain.
Slow inventory turns and expired products
Significant costs are incurred when products expire due to slow inventory turns on safety stock, inadequate expiry traceability and inconsistent stock rotation practices. Automation reduces safety stock levels and tracks expiry dates, while a two-bin system assures consistent stock rotation practices.
Non-standardized physician preference items (PPI)
Changing a preference is difficult without impacting the usage of other items. The need for evidence-based standardization for PPI initiatives is rising and calls for accurate usage data linking patients to outcomes.
Missed charge capture for chargeable items
Lost charges often result from confusion over which items are chargeable and low compliance in manually recording items. While many hospitals adopt various methods for identifying and capturing these items, accurate charge capture relies on an inventory environment that simplifies and automates transcription to host applications.
Laborious manual processes
Manual demand assessments tend to be both time-consuming and inaccurate, as personnel limitations make exact unitary inventory counts difficult to achieve. As a result, a significant amount of time is spent correcting disruptive stockouts with urgent orders, impacting both front line and back office productivity.
Why choose Logi-D?
Recent studies suggest that the industrial supply chain is 25% to 50% more efficient than that of the healthcare sector. With its strong hospital supply chain consulting background, Logi-D has become an expert at identifying the leading practices and proven automation technologies behind these efficiencies and adapting them to healthcare through user-driven innovation. As a result, we have created a unique, cost-effective automation platform with a proven track record of industry-leading ROIs.
What we deliver
- Reduction in inventory value and waste
- Centralization of logistics activities
- Increase in charge capture
- Release of personnel time and improved service levels
- Empowering data and evidence-based optimization
- Reduction of storage footprint and enhanced inventory environment