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Archie Mayani, chief product officer at GHX, focuses on using AI and cloud-based technologies to streamline healthcare supply chains, ensuring timely delivery of essential supplies like implants and IV fluids to hospitals. He emphasizes the unique challenges of integrating AI in healthcare, where patient safety is paramount, and supply chain disruptions can have critical consequences. GHX leverages AI to anticipate disruptions, prioritize them based on clinical relevance, and recommend substitutes, enhancing supply chain resilience. Mayani advises focusing on high-value innovations, balancing urgency with strategic decision-making to improve patient care quality and affordability.

Increasingly severe hurricanes in the Southeast U.S. have exposed weaknesses in the medical supply chain, particularly due to reliance on single-site manufacturing. Hurricane Helene's impact, including the closure of Baxter's North Cove plant, led to shortages of critical medical supplies and disrupted patient care. This situation highlights the need for climate change adaptation in healthcare policy, emphasizing decentralization and strategic reserves. Collaborative efforts and alternative sourcing are essential to ensure continuity in patient care during future disruptions.

Delays in the healthcare supply chain can lead to serious consequences like canceled surgeries and compromised patient outcomes. Learning from the grocery industry, which excels in real-time responsiveness, healthcare can adopt strategies such as dynamic demand forecasting and flexible supplier ecosystems. These approaches enhance supply chain resilience and safeguard patient care, emphasizing the value of integrating insights from other sectors to address healthcare's unique challenges.

The awards recognize organizations and people who are "leading with purpose and building resilient supply chains that are foundational to patient care," GHX said in a statement.

In recent years, the drive to cut costs has often overshadowed building resilience. While saving money might look good on paper, it can compromise the long-term stability of the supply chain.

A resilient and efficient healthcare supply chain is critical for ensuring patients receive timely and appropriate care. In this episode, Tina Vatanka Murphy, President and CEO of GHX, shares how her company uses technology and data to strengthen fragile healthcare supply chains and prevent disruptions that can delay or cancel care. She explains that GHX serves all stakeholders, from manufacturers to hospitals, by anticipating issues before they affect patients. Tina challenges the misconception that procurement is only about cost, emphasizing that value-based care focuses on the best outcomes at the lowest total cost. She also underscores the importance of data, real-time feedback, and courageous leadership grounded in purpose, authenticity, and continuous growth. Tune in and learn how technology is revolutionizing the healthcare supply chain!

On May 15, GHX honored 15 healthcare providers and supplies for their exceptional commitment to advancing healthcare and supporting patients through the GHXcellence Awards.

By implementing automation and a unified approach to new device launches, the medtech industry can better serve all stakeholders and drive revenue while improving patient outcomes.

Healthcare is on the cusp of a significant digital transformation as it embraces the latest technologies, such as cloud-based systems, digital tools, machine learning and AI models.

GHX named 89 healthcare providers and supplier organizations to its 2023 Millennium Club, which recognizes organizations that have automated more than 1 million transactions annually through the GHX Exchange, signifying a commitment to a digital-first supply chain.