By Lisa Brooks, RN, MSN, MBA The Unique Challenges of Inventory Management for Specialty Pharmacy Specialty pharmacy faces many challenges when it comes to supply chain and inventory management. The aging population is already having a major impact on healthcare with larger numbers of people entering ages where medical conditions are prevalent. “That is driving
The specialty pharma industry is at the forefront of delivering groundbreaking treatments for the world’s most complex and life-threatening diseases. However, the sector faces a range of significant challenges that must be addressed to fully realize its potential. Navigating these challenges—rooted in regulatory, logistical, and operational complexities—is crucial as the industry continues to expand. With
This article is a republished blog post by guest author, David Mascitto, Senior Manager, Product Marketing at Tecsys As 2024 continues, the November 27 DSCSA serialization deadline looms large over the entire pharmaceutical supply chain. If panic hasn’t already set in for authorized trading partners (ATPs) — such as manufacturers, distributors, repackagers and dispensers,
By David Lefkowitz, SENIOR DIRECTOR OF MARKET STRATEGY The landscape of specialty pharmaceuticals is evolving at a rapid pace, driven by demographic shifts, technological advancements, and increasing global health challenges. As the world’s population ages and chronic illnesses proliferate, the demand for high-value specialty medications continues to surge. This article explores the growth, opportunities, and
Terso’s own, Nina Petters, and Avery Dennison’s, Benjamin Read, sit down to discuss the breakthroughs RFID technology is making in the pharma & healthcare industry – enhancing safety, efficiency, and patient care. Related content News Embracing RAIN RFID Technology RAIN RFID in Europe Technology Specialty Pharma Builds Momentum
How Vendor Interoperability Eliminates Missing Links in the Medical Implant Supply Chain The growing regulatory scrutiny, the demand for inventory transparency, and the concerns over patient safety have led hospitals and health systems to invest more in advanced technology to manage tissue and non-biologic implant supply chains more efficiently. In this exclusive interview, Terso’s own
Factor #1: Importance of staff efficiency “If making the most of staff time is important, then it’s important for providers to consider technology that enables their team to perform the jobs they were hired to do,” explained Jason Rosemurgy, Senior Vice President of Sales and Marketing at Terso Solutions. “A recent study found that nearly
While the COVID-19 pandemic accelerated the shift of more procedures to ambulatory surgery centers (ASCs), the primary driver for years has been cost savings. Medicare pays hospital outpatient departments double the rates paid to ASCs (ASCA, 2020). It should not be surprising then that from 2011-2018, Medicare saved over $28 billion on procedures performed in
Even though two years have passed since the COVID-19 pandemic began, hospitals are still feeling the effects. Staffing shortages continue to be a major issue, with one study showing that hospital employment is recovering slower than the rest of the economy with levels still below February 2020 (Altarum, 2022). Adding to this strain is the
Whether driven by cost pressure or sunsetting of legacy systems, many healthcare organizations are re-evaluating the inventory management technology they have in place. It is common to find older systems in use that require manual steps like entry of a device pin number or manual inventory counts. However, newer technology, like RFID, offers greater security,
