The healthcare industry moves rapidly, putting pressure on healthcare logistics managers to stay one step ahead of evolving needs.
Keeping one eye on emerging trends can help. Here are some of the biggest trends we’ve seen shaping the industry in recent years—and the ones we see continuing into 2021 and beyond.
Value-based care and cost management
As more healthcare organizations move away from a traditional fee-for-service model and toward a value-based care model that ties reimbursement to quality of care, cutting extraneous costs will be essential to protecting margins. Value-based care is ultimately beneficial to the end-users, patients—but bankrupt hospitals and clinics can help no one.
Logistics data is often a goldmine of potential savings. However, to unlock them, healthcare companies need to equip themselves with analytics tools and ensure they have no blind spots in their data. With a complete picture of their spend, healthcare logistics managers can more quickly and accurately identify and eliminate waste and tighten efficiency.
Visibility and control
Product integrity is everything in the healthcare industry. In the pharmaceutical supply chain, the smallest fluctuation in a temperature-controlled truck can result in a drug losing its effectiveness—or turning deadly. At best, this can result in thousands of dollars of waste when drugs and therapies need to be discarded. But if the problem went unnoticed, lives could be at risk.
This challenge has led to a demand for reliable, real-time tracking and monitoring solutions to ensure safety protocols are met. Looking ahead, this demand will only increase, with the number of pharmaceutical products requiring cold-chain and even cryogenic conditions rising every year.
The good news is, advances in technology are making total visibility easier to achieve. Where a logistics manager may once have needed to call a driver for updates, vast amounts of data can now be communicated digitally in a fraction of a second—and the technology is only going to get better moving forward.
Resilience and flexibility
Recent events have spotlighted the necessity of building flexibility into healthcare supply chains to bolster their resilience. When the global pandemic hit, countless supply chains were disrupted, impacting the delivery of everything from pharmaceuticals to personal protective equipment. While delays are unwelcome in any industry, in healthcare, they can put lives at risk, making it crucial for supply chain managers to find timely solutions when the worst happens.
Even after this current crisis is in the rearview mirror, flexibility will remain essential. Climate disasters, acts of terror, and geopolitical conflict remain disruptive forces in the world of logistics—compounded by the challenge of ever-rising shipping costs. Advanced data analytics and intelligence give healthcare supply chain managers the tools to proactively evaluate where their vulnerabilities lie and identify alternative options, enabling them to make rapid pivots when a roadblock appears on the path ahead.
Healthcare logistics solutions for a volatile world
At CTSI-Global, we’ve spent decades helping leading healthcare companies streamline and optimize their logistics operations, so we understand the challenges facing the industry—and the opportunities. We follow the latest developments in the industry closely and keep a pulse on emerging trends, ensuring we can continue delivering the solutions our clients need—at the time they need them the most.
Prepare for anything. Contact CTSI-Global today.