How Healthcare Has Become A Hotbed Of Technology

After its establishment by Tony Romero, Western Pharmaceuticals goes through several changes including the expansion of its offering. The firm increased its offerings at the hands of Rudy while moving out of Los Angeles. Both Rudy and George ensured that the firm grew by increasing its volume of operations and even diversifying its offerings. In George’s leadership, the firm acquired Atlantic Medical to add to its already enormous size. The move proved fruitful because apart from ensuring that the firm moved into the cold remedy offerings, it provided an opportunity for the firm to use the distribution centers owned by Atlantic Medical. The move to increase the volume of operations meant that Western Pharmaceuticals needed to augment its distribution channels. The new firm, United Pharmaceuticals is presently huge with several manufacturing and distribution centers. In addition, the firm offers a choice of six products. To ensure organization and low costs of operations, the firm uses only one distribution center per state. This system would make it easier to manage every distribution. However, the case of inventory is still a problem because of lack of clear information. The firm needs to refine its inventory management system to ensure that its operations run smoothly.

Abstract —There are some complex and compelling challenges that global manufacturing industries should face, which includes price fluctuation, supply-chain inefficiencies and increasing customer expectations. In order to meet the demand of this economic environment, manufacturers need to find innovative, smarter ways to face those challenges. Thus, the efficient inventory management becomes urgent to manufacturers and it could help improve profitability and increase customer satisfaction. This paper aims to talk about what inventory management is and its importance, what problems inventory management might have and how to improve inventory management efficiency.

During the game, I realized that wide gaps in orders of every role in the supply chain such as factory, distributor and retailer create inventory management challenges. For example, distributor records 0units between week1-week 4 compared to retailer within the same period. The retailer records 3units, 5units, 2units and 2units between weeks 1- week 4. The same applies to factory with 0units from weeks 2-4. Addressing inventory management problems requires developing an average unit level to avoid disappointing customers when demand

Over the past decade, virtually every major industry invested heavily in computerization. The heath care industry was no exception to the rise in the use of technology. These technologies are starting to allow health care practitioners to offer faster, and more efficient patient care than ever before. No doubt this is the right direction we expect health care to follow.

The health care industry is the fastest growing field. As the years go by, more and more discoveries will be made. This paper will discuss the changes from the past 10 years, what I believe will be the biggest change in the next 10 years, my role in the industry, adapting my skills to grow with the change, my perception towards the changes, technologies role, and financial and economical issues.

The health care industry is one of the most dynamic and delicate industries in the U.S. having experienced healthy and substantial changes for the last thirty years most of which have aimed to improve health care management and services delivery to the patients. The changes have enabled the integration of technology into the industry such as in the area of informatics, science and research and payment services and clinical treatments. The health care sector has introduced various changes to address disease and health care management such as the Modernization Act of 2003, the Patient Protection Act and Affordable Act, which aim at improving health provision and most

One of the main challenges regarding the growing use of medical technology in the United States is the growing costs that go along with these changes. These state of the art machines as well as new drug and biological developments come at huge costs which in turn are partially paid by patients and consumers. This has led to huge increases in the average costs of healthcare (Begay, “Technology” Lecture, 10/31/17).

St. Bonaventure University Inventory Management Nordstrom Christian Artuso Research Paper November 17, 2017  Abstract This paper looks to go in-depth looking at inventory management as a whole, how it works and how it can benefit a company. Due to their seemingly revolutionary change in recent years, Nordstrom will be the example used to examine the importance of proper inventory management. After probing the history and gaining an understanding of the company, this research paper will be able to compare and contrast Nordstrom to its competitors in the retail industry and discuss how the way that the company deals with inventory makes it able to compete and survive.

Healthcare domain is going through a rapid transformation recently. The traditional healthcare service provider model is changing. Disruptive technology is shifting the industry focus towards efficient patient care using digital informatics. The new health economy has empowered the consumers. Healthcare providers, pharmaceuticals, life sciences companies, and supply chain management companies are collaborating to offer value care to the patients.

Health care is an ever-changing industry and as changes are made organizations must learn to anticipate and adapt the new changes. Although healthcare organizations cannot control external factors, they ought to analyze the trends on a constant basis. According to Ginter, Duncan, & Swayne (2013), in the healthcare sector is it challenging to identify changes that may happen and the best way to prepare for them (p. 36). Three reasons why this is vital to the success of the business is (1) to understand the competition (2) to keep up with the current laws and (3) technology changes. In a competitive market, it is critical to stay abreast with the competition to determine how they are performing, what type of services they offer along with the

In the case study of Scientific Glass case, the production, distribution and inventory management systems of the company Scientific Glass case have been discussed. Scientific Glass Inc, is a mid-sized company which was growing at a fast pace. The company is trying to resolve its inventory management issues as it is blocking a lot of working capital hindering the growth and expansion of the organization. This case study critically analysis the various alternatives for improving the inventory management system. The proposed alternatives have been evaluated and a final conclusion has been drawn.

Today, healthcare companies face industry-wide transformation and challenges. In an increasingly consumer-centered approach to healthcare, the industry faces heightened pressure to achieve the best outcomes as efficiently as possible. Payers, providers, and consumers need to constantly evolve to succeed in the technology environment. While everyone is working hard to adapt and adjust, it’s a challenging journey of continuous improvement. With this change, and the future evolutions of healthcare, success requires that all healthcare stakeholders work together, information is provided through improved interfaces and exchanges, critical insights are shared collaboratively, and the promise of efficiencies is fully recognized. Through our broad portfolio of solutions, Healthcare IT Company can serve the needs of multiple stakeholders in the healthcare system, including commercial and governmental payers, employers, hospitals, physicians and other providers, laboratories, and consumers.

Finally creating better processes as well as assigning staff responsibilities to help maintain stock will create positive steps towards cost reduction. Also, managing supply reorders will decrease supply costs with the use of a perpetual inventory system. This approach continuously tracks supplies on hand and will automatically reorder when the stock reaches its predetermined par threshold. Establishing better control over supplies is rather a detailed and labor-intensive process but it can significantly reduce supply spending. Although this can be labor intensive the cost savings is well worth it (Surgical Directions, 2013, p. 4).

Pharmacies face challenges and struggles each day when it comes to the proper management of inventory, with balancing inventory levels that satisfy patient needs while being able to minimize costs, which is the primary goal. In order to reach this goal, inventory must be managed with careful planning and analysis for example ordering large quantities of each formulary medication in a pharmacy setting. While this method of controlling inventory may meet your main objective of fulfilling the patients’ needs, it may also result in an abundant amount of inventory sitting on the shelves. Having excess inventory on the shelves licenses a significant amount of cash sitting around and not being able to be utilized in other areas (Herist, 2011). It is very import to consider and decide the appropriate amount of resources to be dedicated to inventory. The flow of cash is very vital to all pharmacies whether it be independent, institutional, or chain. Having the ability to maximize inflows while also minimizing outflows can help and will increase the overall operating efficiency. This in turn increases

A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data