Posted by Adam Polka | September 10, 2018
Montreal, September 10, 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 including executive and financial alignment, infrastructure and operational baselining, and organizational and cultural support. The Tecsys IDN Readiness Assessment for Supply Chain Transformation exists to help leadership understand where gaps may exist across an IDN’s network.
“We are not sugarcoating what it takes to help healthcare organizations meet new challenges,” says Brereton. “We are revealing the true breadth and depth of a healthcare supply chain transformation, both with respect to organizational buy-in and strategic output. The supply chains of yesteryear were backroom cost centers. The supply chain of tomorrow must be at the center of what it takes to turn a good organization into a great one. It is the source for driving needed transformation.”
Tecsys provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. Tecsys solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on Tecsys’ Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, Tecsys puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
Tecsys is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to Tecsys in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. Tecsys’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this web site relating to matters that are not historical fact are forward looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and annual information form for the fiscal year ended April 30th, 2018. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
Copyright © Tecsys Inc. 2018. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
Tags: IDN, IDN Readiness Assessment, Press Release
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