More than a driver

Our Logistics Service Representatives, or LSRs, are the MedSpeeders who literally and figuratively drive our business. Our LSRs are much more than drivers because they provide a much higher level of professionalism than driving from Point A to Point B. Simply put: Our LSRs are a vital part of delivering care.

As one of our LSRs so aptly says, “We’re not just driving. A patient’s wellbeing is in our hands.”

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Turns Out, Intra-Company Logistics & Transportation Are Important to Healthcare Leaders

A recent survey conducted by The Health Management Academy found that logistics and the coordination of transportation across healthcare organizations is increasingly important to healthcare leaders, which is no surprise but nonetheless great for our industry. The survey polled Chief Operating Officers (COOs), Chief Financial Officers (CFOs) and Chief Strategy Officers (CSOs) at 21 leading health systems about their awareness, perspective and strategy around intra-company logistics.

More than three-quarters (76%) reported that their health system has been involved in activities that have increased the scale and/or complexity of the organization in the past 18 months, and of those, 69% have seen an impact on the organization’s transportation operations.

I was especially encouraged by two major findings from the survey:

  • 75% reported that their organization has a defined strategy for intra-company logistics
  • 100% reported that achieving systemness is very important to their health system
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MedSpeed on the Crain’s Fast 50

I am pleased to share that MedSpeed is one of Crain’s Chicago Business Fast 50, which recognizes the 50 Chicagoland businesses with the highest five-year growth rates. Nice honor aside, milestones like this make me think back to the days when we were a small team in a single office outside of Chicago with the ambition of making a positive contribution to healthcare by delivering health to patients, providers and their communities. It also makes me think about how we got from there to where we are now, which I think really comes down to two key points.

First, there was a need for a more strategic approach to connecting healthcare facilities. Our service not only eliminates waste and provides exceptional quality, but also helps healthcare organizations to harness the economies of scale as they grow and change. This is something that is more important than ever in a new healthcare environment of value-based care and system consolidation.

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Intra-company Logistics: The Missing Link to Systemness, Higher Quality Care

Many healthcare organizations strive to achieve systemness, but not all have been able to create “the desired future state of complex healthcare delivery systems — that deliver patient-focused, seamless and high-quality care across the many parts of a system to maximize value for customers.”

Growth alone won’t guarantee the benefits a system can achieve through scale and acting as one, integrated system. It takes work. And just like building a house, it all starts with a strong infrastructure and foundation.

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Lessons from Outside Healthcare: Turning your supply chain into a strategic asset

In this age of technology and disruption, we often look outside of our own industry for new ideas to make things better and more efficient. And, “while hospitals are not factories and patients are not cars, health systems can learn valuable logistics lessons from the automotive and retail industries,” noted a recent article in Becker’s Hospital Review.

Outlined in the article are seven supply chain lessons gleaned from industries such as automotive, electronic and industrial production:

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Healthcare Logistics and Transportation: Industry growth that delivers value

Since MedSpeed’s inception, we’ve believed in the important role healthcare logistics and transportation can play in the healthcare industry. A recent global report about the growth of the healthcare transportation services market studies that question.

According to the 151-page report for an analysis conducted by IndustryARC, healthcare transportation/logistics is a burgeoning business with significant projected growth. IndustryARC estimates that the global healthcare transportation services market will reach $93.2 billion in 2021. That reflects a compounded annual growth rate (CAGR) of 4.17% from $73.48 billion in 2015.

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