SMI SPRING FORUM SUMMARY REPORT MAY 2024 MAY 7 - 9 | ATLANTA, GA Table of Contents: +123-456-7890 Page 2... Photos, Presentations & More Page 3... Session Highlights Page 5... Forum Insights Page 4... New Models for Collaborative Trading Page 1... Moving the Industry Forward +123-456-7890 Page 7... SMI Polling: AI Page 8... What’s Next Page 6... Award Recipients
• Join an SMI Thought Leadership Council – be part of creating tools and driving change • Share your Sustainability Plan via the portal launching soon • Submit a topic for a future QuickQuiz – what do you want to know? • Share a collaboration success story for a Forum workshop • Volunteer to pilot an AI collaboration • Nominate a Mentee in the Advancing Women Leaders program • Provide a subject matter expert to join the SMI Advisory Groups (Pharmacy, Industry Supply Chain, Physician) • Share webinar invitations with your leadership & teams to extend the value of SMI SMI MEMBERS WORKING SIDE-BY-SIDE! NEW TOOLS! MOVING THE INDUSTRY FORWARD Clinical Maturity Model with AI Interface - coming Summer 2024 Creating a Supply Chain Master Class for Physicians by Physicians - details coming in June Supplier Diversity Playbook - coming Summer 2024 Advancing UDI Implementation and Vendor Credentialing Standards Creating a hierarchy for building an Intelligent Supply Chain Engaging Physicians, Pharmacy Leaders, and Industry Partner Supply Chain Leaders as SMEs to drive the work at SMI Exploring new AI applications & Collaboration pilots/projects GET INVOLVED Piloting a new Sustainability Resource Portal - coming Q4 2024 1 Contact the SMI staff for more information on how to get engaged.
PHOTOS, PRESENTATIONS & MORE! VIEW/DOWNLOAD PRESENTATIONS SEE PHOTOS FROM FORUM WATCH POST FORUM VIDEO SEE ATTENDEE LIST 2
SM2U WORKSHOPS THOUGHT LEADERSHIP COUNCILS PHYSICIAN ADVISORY GROUP TINA MURPHY PRESENTS: GENERAL SESSION NICK WEBB PRESENTS: INTELLIGENT SUPPLY CHAIN CLINICAL INTEGRATION WORKSHOP # 1 PROBLEM SOLVED: USING GEN AI TO SUPERCHARGE PERFORMANCE DIVERSITY & INCLUSION KEY STRATEGIC COLLABORATION WORKSHOP # 2 CHARTING A GREENER PATH: COLLABORATIVE STRATEGIES FOR A CLIMATERESILIENT SUPPLY CHAIN WORKSHOP # 4 REIMAGINING SUPPLY CHAIN: FROM EXPENSE TO STRATEGIC INVESTMENT WORKSHOP # 5 REVOLUTIONIZING SUPPLY CHAIN THROUGH DATA VISIBILITY: IT’S NOT AS SCARY AS IT SEEMS Thriving in a Time of Chaotic Innovation KATHY PHAM PRESENTS: Trust in AI: How to Make AI Work for You SPRING SESSION HIGHLIGHTS Healthcare 2040: Supply Chain’s Outsized Role in Shaping the Future Watch Tina talk about Embracing Technology with Purpose 3
NEW MODELS FOR COLLABORATIVE TRADING PARTNER RELATIONSHIPS Bring this to your next trading partner meeting...what can you do together! ACTION Pilot approaches to consider 1. Total Cost of Care Reductions 2. Population Health 3. Cybersecurity 4. AI for Data Analysis 5. Value Alignment STRATEGY Ideas for collaboration PERFORMANCE New models for measurement TALENT Connections for trading partner teams from theSMI Hot Topics/Speed NetworkingSession,Spring2024Forum 1. Performance Metrics Performance Excellence Reviews instead of QBRs 2. 3. Risk Sharing Models 4. Action Orientated Meetings “How can I be a better trading partner?” checklist 5. 1. Align Mission & Goals 2. Predictive Demand Modeling 3. Joint Forecasting 4. Supply Chain Planning 5. Resiliency 1. Executive Exchange 2. Employee Exchange 3. Clinician Led Meetings 4. On-Site Learning Days 5. Supplier Partnership Council 4
REDUCE LABOR COSTS WITH LESS MANUAL INTERVENTION ACCELERATE AND STANDARDIZE CONTRACT PROCESS ASSESS CONTRACT COMPLAINCE IMPROVE DOCUMENTATION WITH AMBIENT LISTENING CREATE CHATBOT FEATURE FOR IMPROVED CUSTOMER EXPERIENCE STANDARDIZE DATA FOR IMPROVED OPERATIONS AND CLINICAL OUTCOMES Disruption/Resiliency: demand planning, cybersecurity, clinical efficacy, forecasting, shortages & raw material predictions Data Management: substitution recommendations, building data sets, synthesizing data, cost of care alerts Visibility: dashboarding, predictive insights, supply chain control tower, sourcing, expired product Clinical Utilization: health event predictions, diagnostics, personalization, standardizing protocols, risk & continuous modeling ANTICIPATE ISSUES AND OPPORTUNITES WITH PREDICTIVE MODELING AND ANALYTICS DRIVE IMPROVED INVENTORY PERFORMANCE THROUGH BETTER DEMAND PLANNING INFORM THE TOTAL COST OF CARE WITH ALERTS FOR POTENTIAL EARLY INTERVENTION RECOMMEND SUBSTITUTES FOR BACK ORDERS SET MORE SOPHISTICATED REORDER POINTS FROM THE FORUM: ARTIFICIAL INTELLIGENCE (AI) INSIGHTS FROM SMI MEMBERS WHERE HEALTHCARE SUPPLY CHAIN LEADERS CAN DRIVE TRANSFORMATION HOW AI CAN DRIVE TRANSFORMATION Insights collected during the Hot Topics/Speed Networking Session offers two areas for healthcare supply chain leaders to contemplate leveraging AI to drive transformation. Administrative Tasks Pricing: verification, discrepancies, procure-to-pay process, rebates Contracting: RFI/RFPs, terms, notification, compliance Staffing: planning, schedule optimization Communications: recalls, customer requests, backorder notifications Data: cleansing, standardization Supply Chain Operations & Visbility HOW AI CAN DRIVE TRANSFORMATION 5
Tom Hughes Collaboration Award 10-Year SMI Members This annual award, established in 2021, recognizes exceptional efforts of industry thought-leaders collaborating to bring innovation, discovery, and improvements to the healthcare supply chain. Congratulations AdventHealth & Medline! Pictured (left to right) SMI Board Chair Donna Drummond, SVP, Chief Expense Officer, Chief Sustainability Officer, Northwell Health; Doug Pytlinski, SVP - Supply Chain, AdventHealth; Marisa Farabaugh, SVP & Chief Supply Chain Officer, AdventHealth; Doug Golwas, Chief Commercial Officer, Medline; Peter Saviola, VP of Supply Chain Optimization, Medline; Jane Pleasants, Executive Director, SMI Pictured (left to right) Jane Pleasants, Executive Director, SMI; John Streger, CEO & President, LeeSar; Michael Farrell, Vice President, Siemens; Les Friend, Executive Director - National Accounts, KARL STORZ; Ragan Manning, Senior Director - Resource Utilization, UAB; SMI Board Member Alan Mavis, Director - Integrated Services, Baxter 6 Thank you to LeeSar, Siemens, KARL STORZ, and UAB Medicine for 10 years of dedication & membership!
SMI POLLING:AI Share one word that describes what excites you about AI. PROVIDER PARTNER INDUSTRY PARTNER Share one word that makes you cautious about AI. What supply chain activities have you used AI for? PROVIDER PARTNER INDUSTRY PARTNER 7
UPCOMING WEBINARS WHAT’S NEXT Supply Chain Master Class by Physicians for Physicians: In-person workshop September 17 - Details coming in June! “Virtual is our New Reality: A Story of Innovation and Partnership Driving Dramatic Results” Presenter: Elise MacCarroll-Wright, VP, System Ancillary & Support Services, AdventHealth Presenter: Kelly O’Conner, Enterprise Services, Head and Vice President, Siemens Join us for two upcoming webinars in June and July - look for your calendar invite! JUNE WEBINAR “Navigating the Future: AI-Powered Supply Chain Solutions” Moderator: Randy Bradley, Associate Professor of Supply Chain and Information Systems, University of Tennessee Panelists: Amanda Chawla, CSCO and Mike Pfeffer, CIO, Stanford Health Care JULY WEBINAR 8 JUNE 26 | 2:00 - 3:00 PM ET JULY 16 | 11:30AM - 12:30 PM ET SMI FALL 2024 FORUM Don’t miss the SMI Fall 2024 Forum for our Texas-sized 20th Anniversary Celebration! October 22-24 | Renaissance Austin Hotel | Austin, TX