Multi-state health system leverages Tecsys Elite™
Healthcare's clinically integrated supply chain software to gain
data-driven insights, helping to drive down on-hand inventory value
by over $1 million.
ANAHEIM,
Calif. and MONTREAL,
Aug. 8,
2022 /PRNewswire/ -- Tecsys Inc. (TSX: TCS), an
industry-leading supply chain management software company, is
pleased to announce that Sanford Health, one of the largest health
systems in the United States, has
successfully leveraged its Tecsys Elite™ Healthcare supply chain
platform to attain benchmark preference card accuracy and execute
continuous optimization across sterile processing operations.
Through its implementation of Tecsys' clinically integrated supply
chain solution, Sanford Health has been able to automate and
systemize data capture, close the data loop on preference card
picking cycles, eliminate redundant processes and rationalize
millions of dollars in on-hand inventory over time.
Sanford Health has operations in 26 states, includes 46
hospitals, and provides over 120,000 surgeries annually. Over the
last seven years, Sanford Health has progressively leveraged Tecsys
software in its operational and clinical areas to address the
increasing complexity and curbed margins in the healthcare supply
chain; by employing the flexible Tecsys platform, Sanford Health
has been able to proactively streamline intra-facility logistics
and improve supply utilization across key areas within the health
system's perioperative practice.
Surgical Services leadership at Sanford Health is undergoing a
multi-year initiative aimed at rooting out operational
inefficiencies, optimizing resources, and controlling
non-value-added spend by leveraging data insights afforded to them
by Tecsys software and technology, citing Tecsys' analytics engine
as the data-driven validation for clinically integrating
optimization efforts.
"We are using the data that Tecsys generated over time to guide
progressive optimization of our preference cards, and we far
exceeded even our own internal targets. In arthroscopy, for
example, we were hovering at about 63% accuracy. We set an accuracy
target of 80%, and within the year we were sustaining a 92%
average, hitting as high as 98%, which is simply unheard of in
orthopedics," explains Susan
Pfeifer, director of Sterile Processing at Sanford
Health.
Tecsys' Elite™ Healthcare provides automated demand capture,
item-level documentation and unitary traceability from receipt into
inventory to utilization. Elite™ Healthcare automates the
management of critical specialty items used in any procedural areas
to eliminate time-consuming, manual processes and provide real-time
tracking of product movement and usage across the front line of
service.
"With Tecsys, we're able to drill down to measure supply
utilization by campus, by physician, by procedure, run the data,
fine-tune and repeat," continues Pfeifer. "We've already seen
nearly $4 million in one-time
inventory savings and surgical supply optimization across
disciplines, not to mention the labor and productivity gains in
case picking and reverse case picking time."
"Supply chains work best when they are both performant and in
the background, and that is what Tecsys enables us to do," explains
Seth Adkins, Surgical Services
Business Manager at Sanford Health. "When leadership across
departments look at the financial and operational returns on a
project like this and say, 'All of this work happened, and we
didn't even know it,' we can be confident in expanding the scope
and building on these successes."
"The healthcare supply chain is unlike that in any other
industry," adds Bill King, chief
revenue officer at Tecsys. "For most hospitals, the parties and
processes required to get a product from the manufacturer to the
point of use are many and varied, resulting in high costs and
significant waste. We are delighted that Sanford Health has seen
such benefit by leveraging Tecsys' healthcare supply chain platform
to turn data and analytics into bottom-line value. It is a
tremendous journey and we are so pleased to be by their side as our
engagement deepens for even more value generation."
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About Sanford Health
Sanford Health, one of the
largest health systems in the United
States, is dedicated to the integrated delivery of health
care, genomic medicine, senior care and services, global clinics,
research and affordable insurance. Headquartered in Sioux
Falls, South Dakota, the
organization includes 46 hospitals, 1,500 physicians and more than
200 Good Samaritan Society senior care locations in 26 states and
10 countries. Learn more about Sanford Health's transformative work
to improve the human condition
at sanfordhealth.org or Sanford Health News.
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.
