Skip to content
  • Blog
  • Careers
  • Demo
  • Login
  • (408) 883-8053
  • [email protected]
Facebook-f
Twitter
Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
resilic-logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
resilic-logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
Facebook-f
Twitter
Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
resilic-logo
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
Menu
  • Products
  • Pricing
  • Resources
    • Learning Center
    • Events
  • Company
    • About
    • News
  • Contact
  • Blog
  • In the News
  • Press Releases
Menu
  • Blog
  • In the News
  • Press Releases

Home / Blogs / Healthcare Transparency Initiative (HTI)

Home / Healthcare Transparency Initiative (HTI)

RESILINC BLOGS

Healthcare Transparency Initiative (HTI)

Mar 14, 2019

Graeme Dykes

High-Tech

Healthcare Supply Chain Transparency Initiative Targets Medical Product Shortageshti

In response to recurring shortages of medications and other types of medical products, healthcare manufacturers and hospital networks have joined forces with Resilinc to create the Healthcare Transparency Initiative (HTI). Resilinc’s growing network of partners for the HTI includes BD Healthcare Solutions, Trinity Health, University of Vermont Health Network and others.

“Whether you are a provider, manufacturer, distributor or group purchasing organization, your complex supply chains frequently encounter shortages, recalls, backorders and even crises,” said Bindiya Vakil, CEO of Resilinc. “This unique collaboration will focus on improving supply chain transparency to mitigate both chronic and acute shortages of medical products and to enable healthcare providers to create more cost-efficient and resilient supply chains.”

Supply chain issues at the heart of many shortages

Medical product shortages are highly complex and challenging to solve, and supply chain issues are by no means the only cause. Problems with ordering, distribution, manufacturing quality and marketplace factors all contribute to shortages.

But supply chain issues are at the heart of many critical shortages. During natural disasters, the vulnerability of medical product supply chains becomes most obvious—and the consequences are often most severe. When Hurricane Maria devastated Puerto Rico, not only were hundreds killed, but much of the island’s pharmaceutical industry—source of about 8% of medical products used by Americans—was disabled.

After Maria, many hospitals reported shortages of IV saline that impacted patient care and caused costly delays for healthcare providers. The negative impacts were accentuated by the arrival of an unusually severe flu season, leading to greater demand for large-volume saline IV bags to hydrate flu patients.

Alternate sourcing more challenging than in many industries

Coping with these kinds of emergencies is particularly challenging in healthcare since suppliers of many types of products and materials must be approved by the U.S. Food and Drug Administration. “Unlike supply chains in many industries, the life sciences and pharmaceutical supply chains are highly regulated to ensure patient safety,” said Graeme Dykes, Managing Director of the HTI. “This makes alternate sourcing more challenging and underscores the vital importance of visibility into all tiers of supply chains.”

The shortages and threats of shortages that occurred after Hurricane Maria reflect longer-term challenges. While shortages of some medical products—especially oncology products—have lessened in recent years, shortages of antibiotics, amino acids and total parenteral nutrition (TPN) products continue, according to a report by the American Society of Health-System Pharmacists (ASHP). Shortages of saline and other widely used products are becoming “more troubling,” concluded the ASHP.

Providers taking supply chain resiliency more seriously

In light of these growing concerns, supply chain resiliency is becoming a greater priority for responsible healthcare providers. “Our accountability to the patients and communities that we serve demands that we make mindful decisions about business continuity risk as we engage suppliers,” said Ed Hisscock, SVP, Supply Chain Management, Trinity Health. “HTI is a vehicle to assess and monitor that risk.”

HTI will immediately drive lower costs by creating a shared ecosystem and improving visibility and transparency across the healthcare value chain, leveraging AI and data science.  The initiative is powered by Resilinc’s trusted platform and healthcare supply chain data, which offers unique transparency and insights for the industry today.

Membership in the Healthcare Transparency Initiative is available in four tiers. Tier Zero provides industry monitoring, webinars, web forums and other opportunities for medical product supply chain professionals to engage with their peers and learn best practices; Tier I adds data and  analytical tools to monitor key suppliers; Tier II adds enhanced supplier score-carding, risk management and business continuity planning tools; and Tier III+ adds the capability to map individual products, parts and materials through all tiers of a supply chain.

For more information

To learn more about the HTI, please visit the site here.

Watch the HTI webinar here.

About Resilinc

We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Request Demo

Recent Posts

Achieving enterprise-wide adoption of supply chain risk management

Resilinc Launches Predictive Purchase Order (PO) On-Time Delivery Solution

Why supplier collaboration is a win-win strategy

The next supply chain frontier: space

A look at the chip shortage that is battering the auto industry

EU-UK supply chains roiled by surprise tariffs, red tape, delays

Watch: Supplier PO Delivery Delay Prediction Tool

The Solar Winds Hack and Your Supply Chain

Recent Blogs

Loading...
Feb 23, 2021
3 MIN READ
Resilinc Editorial Team

Achieving enterprise-wide adoption of...

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust...
Business Continuity Planning, Proactive risk mitigation, Supply chain management
Feb 16, 2021
2 MIN READ
Resilinc Editorial Team

Resilinc Launches Predictive Purchase...

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data...
Predictive Analytics, Proactive risk mitigation, Supply Chain Resilience
Feb 09, 2021
3 MIN READ
Resilinc Editorial Team

Why supplier collaboration is a win-w...

Suppliers are essential to the success of large companies in every industry, and many of the world’s most successful companies...
Supplier Collaboration, Supplier relations
Read All Blogs

Who's in your supply chain?

Better visibility starts now

Email Now|Call Now|Chat Now

Receive Our Weekly Newsletter

Subscribe
resilinclogo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Products

Blog

Career

  • Eventwatch
  • Riskshield
  • Cognitive Mapping
  • Supplier Capability Assessment
  • R Score
  • Business Continuity
  • CyberSCRM
Menu
  • Eventwatch
  • Riskshield
  • Cognitive Mapping
  • Supplier Capability Assessment
  • R Score
  • Business Continuity
  • CyberSCRM

Company

  • About
  • News
  • Events
Menu
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
Menu
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars

Follows Us

Facebook-f
Twitter
Linkedin
Sales: [email protected] Support: [email protected] Call us: (408) 883-8053
resilinclogo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Company

  • About
  • News
  • Events
Menu
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
Menu
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • Products
  • Blog
  • Careers
Menu
  • Products
  • Blog
  • Careers

Follows Us

Facebook-f
Twitter
Linkedin
Sales: [email protected]
Support: [email protected] Call us: (408) 883-8053

© 2021 Resilinc Corporation. All rights reserved.

Data Security

Privacy Policy

Thank You

Suspendisse ipsum eros, tincidunt sed commodo ut, viverra vitae ipsum. Etiam non porta neque. Pellentesque nulla elit, aliquam in ullamcorper at, bibendum sed eros. Morbi non sapien tellus, ac vestibulum eros. In hac habitasse platea dictumst. Nulla vestibulum, diam vel porttitor placerat,

Download Your Copy of The 2017 Annual Report Today

Register