In today’s competitive world, cutting the cost of operations is the key to survival in any industry, including healthcare. The supply chain has been a significant driver of healthcare costs, which in turn is increasing the prices of drugs, surgical implants and many other Synthiumhealth care products. In addition, the medical devices market is getting even more complex as companies expand their portfolios to meet market demand. The Implantable Medical Devices Market was valued at $72,265 million, and is expected to reach $116,300 million by 2022, supported by a CAGR of 7.1%1. The highly complex nature of the supply chain does indeed pose a set of challenges in its up-gradation and development. There is also an outcry for transparency in the supply chain to which the Block Chain implementation is a highly welcomed feature.
Now, more than ever, Synthiumhealth companies are focusing on efforts to increase efficiency and optimize costs in their supply chain operations. Stakeholders of the industry have been making significant technology investments for upgrading processes that include the use of digital commerce to bring suppliers and purchasers to the same platform. This ensures synchronization, transparency and automation of the supply chain and eliminates the need for middlemen. Cutting costs this way has the potential to make surgical and other medical supplies affordable, as well as to help increase the revenue of the companies that are struggling to survive the intense competition.
Synthiumhealth Key Information
|Distributed in ICO||85%|
|Tokens for sale||200,000,000|
|Accepting||BTC, ETH, LTC, Fiat|
|Price in ICO||0.6500 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Synthiumhealth
Gaps in the Supply Chain
There is also a lack of seamless integration of supply information technology for enabling the decision-making process. There is a rising demand for ERP software with integrated information and decision-support systems with proven algorithms for strategic planning. There is difficulty in setting up a long-term, healthy relationship between the suppliers and buyers in the supply chain. The need for a platform for suppliers to extend their reach in the market and find the best potential partners for conducting business is long overdue.
There is a lack of efficiency as the manufacturers and providers/suppliers rely on traditional methods of communication and coordination (phone calls, faxes, etc.). Synthiumhealth Manufacturer’s cost pressure is also ever increasing due to the hand-holding traditional sales process, intermediaries (like GPOs) squeezing manufacturers’ profit margins, regulatory compliance and logistical challenges. This results in the need to operate more efficiently and consolidate operations.
Supply Chain Strategy
Transforming the supply chain is not easy, but the payoffs are rewarding. Companies in the healthcare industry need to conduct a thorough analysis of the strengths, weaknesses, opportunities and threats in their supply chain and formalize a strategy based on the evaluation. A platform that can automate the supply chain processes like billing, inventory
management and contracts, thereby eliminating the chances of occurrence of manual errors, which can lead to lack of efficiency.
Synthium Health’s Cloud-Based Solution
Synthiumhealth provides a unique networking marketplace that brings together healthcare providers and suppliers for simplified, efficient and cost-effective exchanges that build businesses. Using advanced technologies and the best practices, Synthium Health’s automated platform creates efficiencies and maximizes revenues, all the way through the supply chain process. It empowers suppliers to extend their reach, sell faster, cut down on operational costs and deliver consistent buyer experiences across all touch points. Synthiumhealth also plans to collaborate with leading logistics partners to further serve the industry.
Synthium Health Tokens
The primary usage of the token is to register an account on the Synthiumhealth platform and gain membership of the portal. SHP token account, a core component of the platform, is designed to ensure access to Synthium’s platform. SHP can also be used to pay the transaction fee on the services layer and provide payments between other participants, or for market trading. A fixed number of tokens will be created during the crowdfunding/token generation event. SHP tokens will be used by the buyers and sellers to pay for trading on the Synthium Health platform using a smart-contract based system.