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Tuesday, Apr 23, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Technology

Healthcare application released to untangle hospital supply chain snarls

Tecsys’ application integrates receiving and delivery processes into the health system’s supply chain operations

supply chain
Photo by Piron Guillaume via Unsplash

Tecsys (TSX:TCS) launched its Elite Healthcare Receiving application add-on to its healthcare supply chain platform.

The application integrates receiving and delivery processes into the health system’s supply chain operations, eliminating the process gap from onboard to doctor, and connecting operational silos that have historically have been disconnected.

“This solution is a true testament to our end-to-end value proposition in healthcare, and widens the capability gap even more between Tecsys’ Elite Healthcare platform and other point solutions on the market. By integrating the hospital receiving function as part of the holistic supply chain execution process, we are eliminating the typically accepted gap between warehouse and distribution management and in-hospital inventory management,” said Cory Turner CMRP, senior director of Healthcare Strategy.

Tecsys provides cloud-based supply chain solutions to multiple sectors. These include healthcare, distribution and converging commerce industries. The company delivers powerful solutions for warehouse management, distribution and transportation management, as well as supply management at point of use, order management and fulfillment and financial management and analytics solutions.

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Supply chain issues

Healthcare supply chains divide into two branches, typically. These branches are distribution and point of use. The receiving function depends on enterprise resource planning (ERP) integration or a standalone application.  Staff are required to either duplicate entries or alternate between systems to maintain data integrity and end-to-end visibility moving through the hospital. This can bog down the receiving process and cause administrative lag.

What Tecsys’ Elite Healthcare software does is stitch together a unified data and process flow without requiring either a standalone application or alternative solution.

Elite Healthcare Receiving involves a distribution system for item management in all locations throughout the hospital via one entry point. The product integrates into a platform, eliminating the need multiple tools, systems and processes while providing complete chain-of-custody visibility.

“Most health systems have built in permanent workarounds that are not great in terms of process or efficiency. Having worked as a healthcare supply chain practitioner for over two decades, I have seen a host of mix-and-match solutions that attempted to piece together disparate systems to try and achieve what Tecsys is now doing with its Elite Healthcare platform. There is simply nothing like it on the market, and it’s a very exciting value proposition to bring to the healthcare industry,” said Turner.

Tecsys is presently working with customers looking to find technology that works for their individual circumstances. The company’s growth is related to the need for intelligent supply chain management. Issues driving this demand include include spot shortages, regulatory requirements and other complexities.

“We have been intentional in the value we deliver to the healthcare industry. Our enviable position in this market helps us to bring even more value because we work with our customers to uncover new opportunities for optimization. Our growing footprint in the healthcare industry is a testament to the work we do with the nation’s top health systems, and this innovation is a perfect example of building real solutions rather than just software,” said Bill King, chief revenue officer at Tecsys.

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