Hong Kong Healthcare Distribution Companies -DCH Auriga

Partnering with an established healthcare distribution company is essential to achieving market success in Asia. DCH Auriga can provide you with in-depth knowledge and local expertise to actualise your expansion plans.

Exploring the Role of Healthcare Distribution Companies and Their Supply Channels

The vital link between a nation’s pharmaceutical manufacturers and their hospitals, pharmacies and clinics are the constant networking of healthcare distribution companies. These companies are rapidly expanding their product portfolios to meet the challenges faced by the current market. Emerging economic growth demands more affordable medicines and devices, as the manufacturing of these healthcare distribution companies’ commodities are becoming increasingly complex with every passing day.

In healthcare, handling the supply chain is usually a very intricate process. Healthcare distribution management is fragmented with obtaining resources, dealing with different channels and delivering goods plus services to providers and patients. During the above mentioned procedure, these goods, services and information about medical amenities go through many independent stakeholders and regulatory agencies.

Refining the healthcare supply chains all over the world, will certainly give millions of people access to safe and affordable healthcare services with reduced costs at various locations as well as provide new revenue generation methods for manufacturers. This can also create considerable cost – cutting opportunities across the globe.

A brief look into healthcare supply chains is addressed below:

What are healthcare supply chains?

The healthcare supply chains consist of the flow of different medical products and the participation of a number of stakeholders. The primary function of healthcare distribution companies is to deliver products in an appropriate and timely manner in order to fulfill the requirements of the providers. Employees involved in these supply chains are also responsible for managing inventories of medical devices.

What are the top healthcare supply chain challenges?

In the healthcare supply system, every stakeholder has its own interest to protect which makes the management quite distinct and unique. Since the goals are prioritized indifferently, the aim of healthcare organizations does not match the stakeholders, thus creating inefficiency and disruption.

The various challenges faced by pharmaceutical supply chains are mentioned below:

1.Lack of coordination

2.Expiration

3.Health IT Implementation

4.The cost saving goals of different health systems

5.Drug Shortages

6.Warehouse Management

7.Temperature controlling problems

8. Absent demand information

How to overcome healthcare supply chain challenges?

One of the main solutions that have proved successful in due course of time for an advanced and effective healthcare distribution management is the “Cost Transparency” practice. One of the best examples of such a distribution channel is Auriga.

By analyzing price and utilization data, healthcare organizations can efficiently track, manage and construct more contracts with the manufacturers. Different automatic tools have also helped to create price transparency, such as computerized entry systems.

A key strategy that most of the hospitals are following these days is to get all the concerned departments on the same page. It is referred to one of the best tools for optimizing healthcare distribution management. This, in turn, helps in reducing costs across various hospital divisions. It also boosts the overall performance of the providers and manufacturers.

Few other solutions include:

1.Accurate information access across the entire networks

2.Instant access to alerts and updates

3.Visibility of the complete stakeholders

4.Collaboration among all concerned parties

These solutions can bring about a marked improvement and growth to the healthcare distribution companies while delivering quality care.