Medtech Must Move Beyond the Device to Bring More Value to Health Systems

  As value-based care becomes more prevalent in the U.S. healthcare model, health systems are focused more than ever on achieving better outcomes, efficiencies, and patient experience. To help health systems meet their triple aim goals, suppliers recognize that they must move “beyond the device” and bring more value to health systems. That value is defined as broader capabilities and solutions that help health systems address their business challenges, including operational and supply chain inefficiencies, readmissions, infection risk, and clinical variation.   Collaboration based on shared goals can be the key to success for both health systems and innovative suppliers when they combine their expertise, knowledge, and capabilities to improve the performance within the health system.   Achieving value-based care starts with listening. Listening to health care providers across specializations and at all levels of a health care delivery system. Let’s take a closer look at how this has worked for two health systems.   Collaboration to Optimize the Supply Chain   Supply chain costs are some the biggest expenses in a health system’s annual operating budget and an ideal opportunity to collaborate to achieve better results. As much as 45% of a provider’s operating budget can be attributed to total supply chain costs, which could be reinvested into improving patient care. And nearly one-fifth of clinician time is spent on supply chain and inventory management.   Re...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news