The Evolution of the Implantable Medical Devices Supply Chain: Opportunities for a Technology Advantage
Category: Operational Excellence
Introduction – Supply Chain Struggles The implantable medical devices market is experiencing rapid growth and innovation, driven by technological advancements, an aging global population, and the increasing prevalence of chronic diseases. While medical devices, ranging from cardiovascular implants to neurological stimulators to orthopedic implants, continue to revolutionize patient care, distribution for the medical device supply chain presents a significant challenge and opportunity for transformation and growth. Considering the current growth trends and future optimization opportunities
Synchronized timing, finely-tuned harmony, and beautiful synergy— Consider eight (8) essential keys that ensure everyone is on the same page. In the intricate world of medical device management, optimizing field inventory is akin to conducting a symphony orchestra. Each instrument, or in this case, each piece of inventory, plays a crucial role in the overall performance. The goal? Harmonious efficiency that not only meets the immediate needs of healthcare providers but also anticipates future demands,
Expiration is Coming… Ready or Not:
Six (6) Ways to Combat Inventory Expiring in the Field.
Category: Article
Time is money, and when it comes to managing your inventory expiring on the shelf—time is constantly running out. An Expensive Problem The clock is ticking, and every moment counts. Wasted inventory including write-offs plagues the implantable medical device industry. Excess and Obsolescence (E&O) and lack of visibility to field inventory contribute significantly to product expiring in the field, the #1 hidden cost in the medical device supply chain. Managing expirations feels like a never-ending
The LogiMed 2025 conference for supply chain executives of med device manufacturers makes a return to the SoCal coast, where Movemedical is preparing to make a big splash. In the dynamic world of healthcare and medical devices logistics, the long-running annual LogiMed conference is a fixture event that focuses innovation and integration towards the industry’s future. This premier gathering of health system leaders, medical device executives, and pioneering solution providers year after year proves essential
“Good Data in….”
Improving Bill-Only Processes in Healthcare by Leveraging Supplier Data
Category: Article
Healthcare systems are grappling with substantial operational and financial challenges due to non-standardized “bill-only” invoices for surgical implants and disposables. With around 9% of surgical implant “bill-only” line items plagued by pricing discrepancies; these issues are costing health systems billions of dollars annually. What is Bill-Only in Healthcare? Bill-only refers to a procurement and billing method specifically for patient-centric, high-cost surgical supplies and implantable devices. This process involves a hospital purchasing products for a patient,