A new initiative to enable real-time connectivity between implant device manufacturers and healthcare providers
ATLANTA--(BUSINESS WIRE)--To cut down on inefficiencies and waste associated with implant procedures, Surgery Exchange is offering enhanced visibility and cost savings to device manufacturers. Surgery Exchange is a specialized suite of software solutions designed to support hospitals with end-to-end case planning and management focused on implants/bill-only surgery workflow and integrated with an implant inventory application to manage hospital-owned and manufacturer-consigned implant inventory. The launch of the Surgery Exchange Network is specifically designed to improve the overall process and cost of managing implant surgery operations.
The Surgery Exchange Network integrates directly with device manufacturers’ IT systems and field applications to create a real-time, seamless flow of information between provider and device manufacturer. This creates a stronger alliance between manufacturers and providers, allowing for mutual cost reduction and a more optimized healthcare, clinical supply chain.
Because of the current COVID-19 landscape, the need to create automated, collaborative workflows and cut down on inefficiencies has now been elevated. The Surgery Exchange suite of solutions helps to reduce foot traffic in hospitals, limiting day-to-day in-person touchpoints while maximizing revenue with the shift to an electronic, collaborative platform. The addition of the Surgery Exchange Network takes the relationship between provider and device manufacturer to the next level, interconnecting their IT systems through the Surgery Exchange Network to provide device manufacturers advance surgery schedules, product usage as soon as the surgery is complete, expedited delivery of the purchase order and visibility to consigned inventory. This detailed information is provided in real-time and is case-specific.
As a first of its kind platform, the Surgery Exchange Network offers device manufacturers unique benefits including:
- Right-sizing field inventory
- Real-time access to the surgery schedule
- Optimized asset utilization
- Real-time case consumption
- Faster inventory to cash
- Reduced cost to serve
- Direct relationship with the provider
- Opportunity to increase market share.
“Implant surgeries have been plagued by antiquated, people-intensive processes for far too long, leading to disconnects in the supply chain and a lack of transparency between key stakeholders,” said Amin Rahme, President and CEO of Surgery Exchange. “With the arrival of COVID-19, many of these issues have been accelerated. The Surgery Exchange Network interconnects in real-time providers and manufacturers offering them a vehicle to lower their respective cost to serve while working collaboratively to mutually benefit from the enhanced efficiencies."
This initiative is helping to solve a common problem facing hospital systems across the nation. Dartmouth-Hitchcock Medical Center in Lebanon, New Hampshire has completed a successful pilot with the Surgery Exchange Network and a major device manufacturer, helping to streamline the healthcare clinical supply chain to achieve mutually beneficial established goals. “The Surgery Exchange Network has helped enhance our manufacturer relationships, reduce overall costs, automating the time-consuming activities specific to implant procedures while optimizing implant and related instrumentation inventory levels,” said Curtis Lancaster, VP of Supply Chain and Enterprise Support Services.
For more information about the Surgery Exchange Network, please visit https://surgeryexchange.com/.
About Surgery Exchange
Headquartered in Atlanta, Ga., Surgery Exchange provides HIPAA-compliant software solutions specifically designed to support hospitals and device manufacturers with end-to-end planning, case management integrated with an implant specific inventory management system focused on bill-only implants surgeries. Surgery Exchange is focused on reducing provider’s implant “bill only” operational costs through process efficiency, maximizing workforce productivity, proactively enforcing vendor contract compliance, stakeholder collaborative workflow, inventory control and visibility, and alignment of physician and provider objectives to achieve mutual clinical and financial results. The solutions are designed to maintain gained improvements as new pricing contracts are implemented, stop financial leakages, and give back control to the provider.
The Surgery Exchange solution consists of integrated provider-centric software solutions: Surgery Exchange Platform, Surgery Exchange Logistics, and Exchange Network. For more information about the implant surgery process and the Surgery Exchange suite of services please visit www.SurgeryExchange.com.
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