2014

Novation Outlines the Trends, Benefits and ROI of Using Mobile Technology in the Health Care Supply Chain

IRVING, Texas, Dec. 5, 2012 /PRNewswire/ -- With the dramatic spread of mobile devices and the availability of mobile applications, there is a gradual but significant shift in the way corporate users approach business transactions.  Today, Novation released its paper, "Mobile and the Healthcare Supply Chain," which is designed to help hospital supply chain professionals quantify the benefits found in the adoption and usage of mobile applications. 

Mobile technology in the hospital is growing at a tremendous rate. It is being utilized in many departments within the hospital, and is continuing to grow in its adoption as technology platforms and solutions delivered to the marketplace improve.

"With the increased adoption of mobile devices by hospitals, we fully expect that by 2015 more decisions will be made and business transactions will be done via mobile devices than through a desktop" says Hari Subramanian, director, mobile solutions, Novation.

Increased productivity is the most common quantifiable benefit of mobile technology adoption. Lower costs and higher performance naturally follow that productivity. Notably, the value of any new technology is proportionally associated with the rate of adoption – higher user value leads to increased adoption, which in turn leads to additional quantifiable benefits.

Mobile supply chain applications already provide very specific benefits to the hospital supply chain user.  These include: 

  • An additional procurement channel
  • Real-time informed decisions
  • Increased productivity
  • Improved Workflow
  • On-the-go status and pricing updates
  • Immediate and customized notifications
  • Reducing inventory costs
  • Increased User Engagement

Novation's paper also includes a return on investment (ROI) analysis that helps tangibly quantify some of the costs and benefits of implementing a mobile strategy.

"Today, there are already significant benefits associated with the use and adoption of mobile technology," says Guillermo Ramas, vice president, information and data services, commercial products. "A net increase in value translates to overall savings for the health care organization. This in turn reduces costs across the health care supply chain, and ultimately, for the patient."

Novation, the leading health care supply chain expertise and contracting company for the members of VHA Inc., UHC, Children's Hospital Association, and Provista LLC, has a strong track record for leading the industry in innovative analytics and data solutions.  This year, Novation was named the 2012 Best Practice Award Winner in the Emerging Technologies and Methods category by The Data Warehousing Institute (TDWI), and it was named one of Supply & Demand Chain Executive magazine's 2012 "100 Great Supply Chain Projects" for its successful implementation of an innovative e-Sourcing solution.  Novation was also recognized as a "Best Practices in Business Intelligence" award recipient in 2011 by MicroStrategy for achieving outstanding business performance with their business intelligence applications and mobile deployment.

To view the entire report, please visit https://www.novationco.com/media/white_papers.asp.

About Novation, Winner of the Ethics Inside® Certification

Founded in 1998, Novation is the leading health care supply chain expertise and contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, Children's Hospital Association, an alliance of the nation's leading pediatric facilities, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase more than $40 billion in 2011. Novation recently earned the coveted Ethics Inside® Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance.  Novation was also named on Ethisphere's World's Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions.  To learn more about Novation, please visit www.novationco.com and follow @NovationNews.

SOURCE Novation



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