U.S. health systems are leveraging Tecsys software to
centralize and optimize pharmacy operations with supply chain best
practices, streamlining DSCSA and 340B program compliance.
NASHVILLE, Tenn., Aug. 24, 2021 /PRNewswire/ -- AHRMM --
Tecsys Inc. (TSX: TCS), an industry-leading supply chain management
software company, today announces another significant milestone to
its end-to-end Elite™ Healthcare supply chain execution platform
with its end-to-end consolidated pharmacy inventory management
solution. Integrating unified visibility and control from the point
of reception to the point of use, Tecsys' consolidated pharmacy
inventory management solution extends its best-in-class
consolidated service center model to pharmaceutical supplies,
lending the same sophisticated warehouse, distribution and point of
use orchestration software to pharmacy operations.
"As healthcare supply chain continues to move from functional to
strategic, it becomes irreconcilable to operate different legs of
the supply chain with patchwork solutions that don't speak to each
other," explains Chris Jellison, vice president, Pharmacy at
Parkview Health.
Tecsys' consolidated pharmacy inventory management solution
enables centralized strategic buying, management of pharmaceutical
spend and procurement operations. By employing consolidated service
center supply chain practices, the software helps to manage and
mitigate drug shortages, reduces inventory and waste, and
streamlines operations, all while integrating regulated processes
to remain DSCSA compliant and optimize 340B programs.
"We already have multiple U.S. health systems who have selected
this Tecsys platform, and several more looking to extend supply
chain's reach and responsibility into pharmacy," says Peter Brereton, president and CEO at Tecsys.
"For years, our customers have been honing their supply chains to
ensure front-line healthcare workers are armed to deliver care that
is both clinically and financially responsible, and this extension
is a savvy step toward holistic management of goods within a health
system. If we are serious about trying to root out blind spots in
the hospital supply chain, pharmaceutical supplies is an area that
stands to bridge those data gaps from an analytics and optimization
lens."
The pharmaceutical supply chain typically operates in parallel
to medical supply management, running siloed processes to track
consumption and traceability as well as manage procurement and
demand planning. To address this disconnect, progressive health
systems are leveraging their Tecsys-enabled consolidated service
centers (CSCs) to centralize pharmacy operations and consolidate
supply chain management strategies. Tecsys software is able to
reconcile these discrete datasets and procurement strategies under
a common platform, providing centralized control and management of
all supply chain execution supplies. Consolidated management of a
pharmacy's supply chain allows for cost per case and cost per
procedure analyses by factoring in pharmaceutical supplies, helping
hospitals to optimize reimbursement programs and enable more
strategic sourcing.
"Over the last decade, progressive health systems across the
U.S. have adopted the CSC model to eliminate waste, streamline
processes and tap into economies of scale," says Cory Turner, senior director, Healthcare
Strategy. "Bringing pharmacy into that equation means extending
much needed control and coordination to an historically bifurcated
and disorganized inventory management operation. By applying the
same sophistication to pharmacy as medical supplies, health systems
are not only able to better orchestrate and analyze their
operations, but they also stand to gain financial and clinical
benefits as well."
Tecsys' consolidated pharmacy inventory management solution is
embedded within the broader Tecsys Elite™ Healthcare portfolio,
which combines for the most comprehensive supply chain execution
system designed specifically for the healthcare industry. Optimized
for the regulatory and operational complexities involved in
orchestrating multiple clinical areas with differentiated clinical
demands, the system provides unified visibility and control from
the point of reception to the point of use.
About Tecsys
Tecsys is a global provider of supply
chain solutions that equip the borderless enterprise for growth.
Organizations thrive when they have the software, technology and
expertise to drive operational greatness and deliver on their brand
promise. Spanning healthcare, retail, service parts, third-party
logistics, and general wholesale high-volume distribution
industries, Tecsys delivers dynamic and powerful solutions for
warehouse management, distribution and transportation management,
supply management at point of use, retail order management, as well
as complete financial management and analytics solutions. Tecsys'
shares are listed on the Toronto Stock Exchange under the ticker
symbol TCS. For more information on Tecsys, visit
www.tecsys.com.
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SOURCE Tecsys Inc.
