Our offer
Supply Chain Managed Services
A materials management solution for hospitals
Hospital supply chain inefficiencies are costly
Nurse shortages, increased patient wait lists and global product availability are all-too-common problems and supply chain managed services can play a part to help address these challenges.
Negatively impacting human resources
These issues with product availability are diverting clinicians’ attention from addressing the surgical backlog – in fact, some 10-20% of nurse capacity is spent managing inventory. This time could be spent dedicated to patient care so it makes sense to reallocate resources so nurses are focusing solely on clinical activities and move stock management duties elsewhere.
Financially costly
Waste can be over 10% of spend for hospitals that don’t manage stock properly. On top of that, it costs hospitals around 12-15% of annual material spend to run a supply chain.
What is our solution?
With people, process and technology, Medtronic IHS enables hospitals to deploy a modernised materials management operation.
Medtronic provides on-site staff, back-office support and technology solutions as part of long-term hospital partnerships. Training, technology and analytic capabilities lead to:
- Disciplined demand and supply planning for surgical materials
- Stronger product management processes and analysis
- Better storage and stock layout
- Consumption tracking
- Integration of IT systems
- Significant financial savings and time freed up for nurses and clinicians happen within 3-6 months of launching the service.
Medtronic IHS implements end-to-end supply chain services and uses analytics to ensure optimal stock availability and cost control. The service is vendor-independent (managing inventory across all brands, not just Medtronic).
A proprietary system for inventory analytics ensures optimal supply chain performance
Medtronic partners with a leading inventory management software provider to bring automation and standardisation to stock control. It provides simple and fast recording of materials consumption, integrates with RFID hardware and can interface with a hospital’s theatre management and procurement systems (a necessary component for hospitals wanting full integration and rapid reimbursement).
Gain more insights on what high-performing hospitals are doing to manage their supply chain.
