Syft Adds AI Capabilities to its Real-Time Supply Chain Analytics Platform

Syft®, a leading national provider of healthcare inventory control and end-to-end supply chain cost management software and services, today announced new artificial intelligence (AI) capabilities in its Syft Synergy® Platform 4.1. The AI algorithms in the supply chain software enable procedural level decision support metrics on costs and variance data linked to patient outcomes. Almost all (98 percent) of healthcare executives surveyed earlier this year say supply chain management is a moderate to high priority and 97 percent believe supply chain analytics can positively impact costs.1 However, many hospitals and health systems today are not equipped to optimize their supply chains, relying on standard statistical approaches that may use homegrown spreadsheets to analyze procedure supply costs, identify outliers, and forecast demand. And, while value-based care programs such as the Bundled Payments for Care Initiative-Advanced (BCPI-A) make it imperative for health systems to know their costs, most hospitals today are unable to identify their true cost per case or analyze their cost variances by surgeon, procedure of specialty.