By Ryan Donovan | 3/12/2021 | Logistics

It’s pretty alarming that healthcare supply chain accounts for more than 40% (!!!) of medical device costs according to a McKinsey & Co. survey. While it’s somewhat relieving that rapid growth is one of the reasons for supply chain challenges, there are also other, less relieving causes, such as inventory control struggles. So what should medical device companies do? Just groan and accept this mess as a de-facto part of doing business within the industry? I don’t think so, because there are actions companies can take that would have a dramatic impact on lessening supply-chain related costs. Consider this quote from ODT:

“To really get it right in the medical device supply chain, companies need tested and proven solutions that can be executed over and over for high-value, time-sensitive healthcare products. Companies must not only leverage logistics best practices, but also have the capabilities to take them to the next level in order to meet evolving, complex demands. In essence, medical device manufacturers should consider their supply chain the same way they look at new product development—as an area in need of continual innovation, efficiency, and forward thinking.” ODT

This is where we (QMed Innovations) come in. Quest is a tested and proven solution, specifically designed for these high-value and time-sensitive healthcare products we call surgical kits. Having the ability to receive autonomous location monitoring saves hours’ worth of phone calls and eliminates inventory loss. Potentially even more critical is Quest’s ability to count turns (i.e. surgical events) which allows for kits have proper and precise maintenance/calibration countdowns. Some companies, with patient safety at the forefront, have historically shipped kits back for maintenance after every surgery due to lack of visibility. With Quest, they now only ship kits back for maintenance as needed, keeping kits in the field as often as possible.