Reducing Healthcare Costs by Eliminating Waste in the Implant Medical Device Supply Chain

Written By

Mareo McCracken
Mareo McCracken

Share This Article

This was originally published through Business Wire.

$15 Billion waste in the implant device industry due to inefficient, manual, and disconnected systems, driving up patient costs.

SAN DIEGO–(BUSINESS WIRE)–Movemedical announces the release of its implant medical device field sales and inventory SaaS platform. Healthcare costs in the U.S. are out of control. In fact, health care costs more in the U.S. than in any other country, partly because of the tremendous amount of waste in the healthcare supply chain. To help eliminate waste in the implant medical device industry, Movemedical announces the public release of its platform for medical device manufacturers and distributors across the globe. With 17 full ERP integrations already under their belt in North America and Asia, Movemedical is on-track to help eliminate over $100 million in waste over the next two years.

By eliminating supply chain waste, Movemedical executives say patient costs can be reduced.

“In order to reduce waste, behavior must change. Behavior only changes when a better process is combined with a better tool,” said Bo Molocznik, Movemedical CEO and Founder.

After working with over 7,000 users on the original platform, Molocznik found that by creating a simple to use, yet fully comprehensive SaaS tool, it is possible to reduce inefficiencies while driving inventory visibility to near 100 percent levels.

Using Movemedical-built software, current clients have coordinated over 4 million successful orthopedic implant surgeries worldwide. The processes Movemedical developed have been transformed into industry-wide applications with unparalleled functionality that make HIPAA-compliant communication, real-time inventory visibility, and FDA UDI regulation standards a reality for sales and operations teams.

Mareo McCracken, Movemedical’s Revenue Leader says other tools do have some useful features, but are not complete, lacking important functionality included in the comprehensive Movemedical platform, such as:

  • HIPAA-Compliant Messaging
  • Simple & Precise Product Requesting by Multiple Stakeholders
  • Inventory Control & Visibility (UDI) Across All Inventory Types
  • Detailed Consignment Management Process
  • Full ERP Integration for Ordering, Billing & Transfers
  • Future-Looking Surgery / Case Metrics
  • Accurate Integrated Forecasting System
  • Detailed Sales Reports & Notifications

With more advanced data and predictive algorithms, future-looking projections can be employed to drive patient-specific care, according to Molocznik. That’s possible because Movemedical uses advanced machine learning and other innovative AI forecasting technologies to create massive inventory reductions and drive asset utilization. Behavior can finally change with a new SaaS tool that is leading the way with modern processes.

Movemedical is now out of beta and available for all medical device manufacturers and distributors. To learn more about how Movemedical is helping lower healthcare costs by reducing implant supply chain waste, contact Mareo McCracken at mm@movemedical.com or 877.469.3992

For more information, please visit: www.movemedical.com/product

CUSTOMIZE YOUR PERSONAL DEMO NOW 

Related Articles

Article

7 Unrealized Key Objectives Achievable With The Right Tools and Lean Processes

Lean strategies, properly applied, allow sales and operations teams within the medical device industry to scale without adding a ton of overhead. Read More

BY Eric Huppi
Operational Excellence

Entry Level vs Enterprise: Medical Device Sales Field Enablement & Inventory Optimization

The Right Enterprise Platform Makes All The Difference When searching for the right tool, there are so many factors to consider. When you understand what is important, then everything else becomes easier. After helping many of the world’s largest enterprise med device companies with their field sales enablement and… Read More

BY Mareo McCracken
Innovation

Days of Inventory on Hand is The Future

Covering Each Surgery is Good. Accurate Par Management is Better. Days of Inventory on Hand is Best. Medical device implant inventory management is complex.  The last-mile is so unique. You have sales reps, support, and ops teams trying to work together, but often using different tools,… Read More

BY Mareo McCracken
Eric Huppi
Press Release

Press Release: Eric Huppi, Former Zimmer Biomet Executive Joins Movemedical

Eric Huppi unites with Movemedical to help medical device manufacturers automate and optimize their last-mile supply chain.  San Diego, CA, January 31, 2022 – Eric Huppi was recently appointed as the new Vice President of Product and Partner Experience at Movemedical, the leading medical device operations automation platform. This… Read More

BY Mareo McCracken