Author: dsogabeadmin

Hospitals need blockchain for supply chain automation

Hospitals need blockchain for supply chain automation

hospital supply chain

“A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user.”

At hospitals though, the customers aren’t really customers but patients and the sales people aren’t really sales people but doctors and nurses. The real product everybody wants at a hospital or clinic is their own improved health, a satisfying experience and affordable pricing.

An injured patient in a hospital emergency room or a sick child at their local urgent care clinic isn’t thinking about a doctor or nurses shift cycles or lack of sleep or preferences in the equipment and drugs all around them. A child might think some cutting edge new lamp is cool, but if it’s not a satisfying experience or the hospital staff weren’t friendly, it’ won’t matter.

How can all these inventory and resource challenges make a difference in health outcomes, patient experiences and healthcare costs.

Hospitals don’t operate like Walmart or Amazon or Nike. Supply and demand means something entirely different. And the changing expectations and outside mobile influences of patients as consumers doesn’t always sit well with a highly regulated industry like healthcare.

Supply chain management, inventory management, medical device asset management has become a key security issue, optimization and efficiency issue, and a cost problem for hospitals.

Reimbursements and Costs

Supply chain management costs consistently rank as some of the largest expenses for healthcare and hospital systems. A recent survey of healthcare executives and administrators in the USA revealed that productivity improvements and healthcare supply chain cost reductions are their top priorities. Value-based reimbursement models are being implemented by many hospitals because of the Affordable Care Act built-in incentives for healthcare providers to coordinate patient care with a “pay-for-value” model, based on performance and results, rather than the traditional “pay-for-service,” where the cost of care was often paid upfront.

Many hospitals and healthcare leaders are looking at how they can provide an improved patient experience while reigning in costs.

And with this, many healthcare leaders are looking to the healthcare supply chain as one of the biggest areas for savings opportunities . Integrating blockchain for supply chain automation can help alleviate some security pressures, audit trail regulations, and ensure things like total landed supply costs—the total cost of getting a product from manufacturer to the hospital or physician’s office.

This is no easy task and a lot of “i trust this person but I don’t” makes this a perfect use case for blockchain. Supply chains go beyond the initial purchase price and include things like logistics costs, duty fees, taxes, insurance, and other fees.

A more holistic and end-to-end secure approach to the healthcare supply chain is not only about improving efficiency and reducing costs to the hospitals and healthcare systems, but about providing better healthcare in the least lead time and at lower costs to the patient.

Efficient & Secure Data Integration, Automation and Analytics

Integrating, aggregating , transforming, automating and and analyzing data along the supply chain trail can provide better indicators of product need, cost optimization strategies and helping to reduce waste, stabilize inventory and, ultimately, bring costs down.

Tracking and securing smart medical devices with IoT sensors mean technologies like Radio Frequency Identification (RFID) and computerized provider order entry (CPOE) systems integrated with AI and blockchain, can help automate the entire supply chain process.

Better data analysis that’s secure and automated data ensures improved efficiency levels, maximizing inventory costs and utilization, all of which can help reduce costs, an automated, technology-based supply chain can help improve patient outcomes by supporting a higher level of patient care.

blockchain for hemp seed to sale ?

blockchain for hemp seed to sale ?

Hemp is more than just CDB. Industrial Hemp has a ton of use cases, but all the limelight right now is CBD. What is CBD ? CBD-rich hempseed is sort of legal in most states presently, it also is legal in many countries around the globe. However at the same time it’s uncommon, giving plant growersa tremendous new market as obstructions to national hempseed appropriation are evaluated.

The 2018 Farm Bill ensures interstate business for all hemp items, evacuating necessities that suitable hempseeds require endorsement from the U.S. Medication Enforcement Administration. However places like Georgia didn’t approve CBD food based options. Other states follow some FDA and state wide regulations and bills.

However, the law sets up prerequisites in excess of twelve states around ensured seeds – those that have been tried against germination and consistency benchmarks and show low dimensions of THC. Cannabis assortments that contain over 0.3% THC stay illicit under the 2018 Farm Bill.

Many hemp editions presently being grown are imported from the European Union – cultivars that are commonly bred for fiber and seed production, not CBD-rich flowers.

The reality is licensed seeds are guaranteed to produce these CBD-rich flora are so uncommon that genetics ought to show greater profitable than selling hemp outright.

Hemp generations are another interesting concept. Two years could mean eight hemp generations. And there aren’t tight regulations like in marijuana. Some seed varieties from Europe are low quality types. They haven’t grown hempseed for CBD and their strains are about 3% or less.

Colorado now has thirteen certified hemp cultivars, the most of any state.The Farm Bill doesn’t tackle hemp farmers who have already been shopping for and promoting hemp cultivars.

A West Virginia hemp farm was  ordered to shut down  after it was  accused of illegally importing hempseeds from Kentucky; that case is pending. But Kentucky is trying to be a hemp capital of the world.

How can blockchain help with all this? Immutability. Seed to sale. Internet of Things. Incentives. Tokenization. The major hype and strides in the hemp industry are not without some major pain points. Audit trails and transparency issues (blockchain definitely feasible here), payment solutions and cash only challenges (crypto and bitcoin), quality assurance and maintenance(blockchain), and general regulatory uncertainty have plagued cannabis entrepreneurs for years.

Blockchain allows businesses to manage their supply chains in a quicker more stream lined time period, eliminating paper trails and their inevitable lag. Since the cannabis space is comparatively new, few corporations are ready to produce efficient vertical combinations in their  supply chain free from any lag or loss of product.

It’s seemingly that cannabis can have many various business use cases from farming to once it gets to a certified lab or clinicmaking multiple potential expensive points of failure. Cannabis businesses utilizing blockchain are going to be ready to exactly pinpoint any inefficiencies within them and, well, nip them within the bud.

Additionally, by utilizing blockchain in their supply-chain, cannabis businesses are going to be ready to give customers the entire seed to sale image of their products journey.  Transparency and a better audit trail. And an incentive for newer buyers to learn a little more about the farmers and distributors along the way.

Dispensaries also will be ready to guarantee their merchandise contain precisely the quantity of CBD and whether or not it’s sativa or indica dominant as what they’re publicizedSeveral first-timers walking through legalvclinic doors tend to have questions and concerns about their sensitivities to the merchandise. A supply chain supported by perfect science caters to an improved overall client expertise. And better supply chain transparency.

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