TECSYS Announces the Healthcare Industry's First Interactive Assessment Tool for IDN Supply Chain Transformation ReadinessWednesday, September 12, 2018
At a time when integrated delivery networks (IDNs) are challenged with improving patient experiences while achieving efficiencies, TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today the availability of an IDN Readiness Assessment for Supply Chain Transformation. The interactive tool guides IDN leadership through a cross-functional view of their business and generates a quantifiable measure of the organization's readiness for a consolidated supply chain strategy.
"Having walked through transformations with some of the country's most respected and advanced IDNs, we are able to distil our customers' journeys and define the protocols that empowered them to drive change and mature supply chain operations," says Peter Brereton, president and CEO of TECSYS. "For the past decade, we have seen the healthcare landscape increase in its complexity, and a comprehensive supply chain strategy has emerged as an area in which vast transformation across multiple departments can take place."
Contributing to the complexity mentioned by Brereton is the uptick in mergers and acquisitions (M&A) activity within healthcare. Last year, M&A reached a record-setting high in healthcare with more than 115 transactions, up 13 percent over 2016 activity. As leading IDNs work to more strategically expand their offerings and market share without sacrificing patient outcomes, the organizations must address a growing number of legacy technologies and siloed supply chain systems.
The first step to facing these challenges, according to the supply chain experts at TECSYS, is measuring an IDN's readiness for transformation across diverse areas of the business. The TECSYS IDN Readiness Assessment for Supply Chain Transformation exists to help leadership understand where gaps may exist across an IDN's network.View all Industry News