GS1 Global Healthcare Conference in Chicago, continued…
GS1 Global Healthcare Conference in Chicago Day 4: Tuesday afternoon the focus changed to Cost Savings through Standards with 3 separate healthcare groups showcasing what they have done to reduce costs within their systems and how their technology and savings initiatives have generated very acceptable ROI on the investments they made. The first presentation was from Dr. Justin Bitter, Business Manager, Bernhoven Hospital, the Netherlands, another European view into healthcare best practices and the last two groups were from the US showcasing what can be done here in North America as presented by Cynthia Shumway, Director, Supply Chain Business Applications, Intermountain Healthcare, US and Matthew Mentel, Executive Director, Integrated Performance Solutions and Betty Jo Rocchio, VP, Perioperative Services from Mercy Health Network, US. Again, real-life examples of what is being done around the globe using GS1 Global standards and industry best practices.
Some of the Highlights of presentation,
Implementing(GS1) Global Traceability Standards for Healthcare solve:
•No visibility of goods availability
•Strongly dependency on employee knowledge
•High inventory costs
•Excessive loss (yearly expired sterile stock up to$ 150.000,-)
•Higher error probability
•Inadequate monitoring capabilities
•No full scale
•Search and cannot find
•Elimination of non-value adding activities
•Out of stock situations
Implementing(GS1) Global Traceability Standards for Healthcare yield benefits:
•Amplifying balance sheet of the hospital
•Track and trace supports current assets control
•Reduction of stock levels (25%)
•Reduction of expired products(80%)
•Lowering high indirect costs of staff
GS1 Global Healthcare Conference Day 3 Updates
Click on the link to view her presentation: httpss://healthcare-event.gs1.org/sites/default/files/panel_-_cost_savings_through_standards_master.pdf