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Supply Chain Trends 2022: Digitization of Healthcare Supply Chain for Improved Outcomes

The healthcare digitization of supply chains has been a steering point for organizations and companies in addressing the recent requirements of the patients and customers. The challenges in the supply chain in healthcare industry also have given rise to supply chain trends 2022 with newfound expectations.

The efficient healthcare supply chain is paramountly helping patients and saving their lives. Embracing digital healthcare technology is a significant step toward building this efficiency even further. The transforming aspect of the traditional healthcare supply chain with a digital health supply chain is creating sustainable value in healthcare organizations. It is giving faster, smoother, affordable, and safer healthcare services to the patients. Additionally, the digitization in healthcare is helping the hospital and healthcare systems in bringing down the costs of operations and finding the right growth opportunities. Among the adopted innovative technologies like AR/VR, Big Data, Blockchain, and more by the healthcare supply chain, how can it help healthcare providers in becoming more resilient and cost-effective for providers?

The Challenges in the Traditional Healthcare Supply Chain

The traditional healthcare supply chain cannot be built on the regular demand and supply in the market. Good health and wellbeing at affordable expenses is a product that cannot be stocked like other services and products in the supply chain. The traditional healthcare supply chain faced various challenges like:

1 Unreliability in inventory data

The inventory data that is maintained with the traditional supply chain in healthcare is often unreliable and inaccurate. Apart from this being a big challenge, it is not updated regularly and it is highly fragmented amongst various stakeholders in the healthcare industry. This is in addition to the poor hospital inventory visibility that leads to information inconsistency. This is one of the biggest challenges in the non-digital traditional supply chain that was faced in the healthcare industry. This is due to the lack of automated tracking mechanisms and systems, real-time sharing of data, and hence the optimal relocation of the supplies.

2 Slow innovation and manufacturing

One of the many ways to gauge the efficiency of the healthcare supply chain is the observation of production in healthcare that matches the demand. It is essential for manufacturing, innovation, and production to be ramped up at the correct pace. With slow-paced manufacturing, it creates another challenge for the traditional healthcare supply chain. This can lead to medication and prescription drug shortages, forcing providers to spend on alternatives that can be more expensive. This can lead to a risk in maintaining a comprehensive backup inventory for the supply chain in healthcare by increasing the management of inventory and the expiration of products.

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  • Ritesh Patil
  • Jul 5 2022
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