Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the healthcare industry. This time, you get to discover 5 hand-picked healthcare supply chain startups.
Global Startup Heat Map highlights 5 Top Healthcare Supply Chain Solutions out of 117
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 117 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 healthcare supply chain solutions that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 112 healthcare supply chain solutions, get in touch.
Aknamed provides a Healthcare Procurement Platform
The medical industry has a vast number of medical devices being manufactured by an equally large number of manufacturers. When combined with other medical supplies such as vaccines, pharmaceuticals, and consumables, easily overwhelms unprepared medical institutions. To prevent logistical shortfalls, startups are creating supply chain management solutions focused solely on healthcare.
Indian startup Aknamed provides a hospital-focused supply chain platform that uses cloud-based technology to optimize and monitor procurement and consumption. The platform improves efficiency through live order tracking, consolidated procurement, analytics, and reporting, in addition to using a consolidated ledger. Their fulfillment centers are also capable of handling end-to-end World Health Organization (WHO)-compliant cold storage.
Inneate builds Distribution Channels for Medical Supplies
The current healthcare supply chain involves the use of middlemen as a bridge between manufacturers and health facilities. This is a result of a complex network of manufacturers creating different medical equipment, each with its own purpose. Further, middlemen increase the time and cost for procurement for hospitals, labs, and clinics. Startups create solutions to build business-to-business (B2B) supply chain solutions that help the healthcare industry.
Indian startup Inneate develops a B2B supply chain distribution platform for the medical industry. The platform removes middlemen by directly integrating technologies to manage and monitor the procurement process. The platform manages the procurement of products that are certified globally, including CE, ISO, FDA, as well as GMP-certified. Moreover, the startup enables sourcing these products from multiple manufacturers around the world.
Feiyi provides a Cloud Platform for Medical Supply Chains
The process of managing a supply chain within a hospital involves multiple tasks including order and warehouse management, as well as material procurement. Many medical equipment manufacturers find it difficult to track their maintenance and certification records. To address these challenges, startups develop cloud-based solutions for manufacturers. Such solutions enable interacting and updating documentation for effective management of the supply chain.
Chinese startup Feiyi provides hospitals with a cloud-based supply chain platform. Their platform monitors the internal supply chain, such as warehousing, inventory, invoicing, and distribution. The cloud-based platform ensures that distributors are provided with early notifications about expiring certificates and orders. Additionally, Feiyi enables tracking the progress of payments in real-time with distributors.
Veratrak improves Supply Chain Data Integrity
As supply chains increasingly become digital, it creates vulnerabilities for attackers to exploit, steal, or manipulate information. Leaks of data from unsecured information result in financial losses and increase procurement times. In addition, information breach in the healthcare supply chain is damaging. Startups develop solutions to protect patient information or critical medical data from malicious attacks.
British startup Veratrak specializes in providing a Software-as-a-Service platform to streamline document exchange processes across supplier networks. The features of their supply chain platform include a secure workspace for communication and a document collaboration portal that supports electronic signatures. Additionally, the document collaboration tool uses blockchain-based immutable audit logs for data integrity. The entire platform is cloud-based and hosted on a cloud server with high levels of cybersecurity.
Hashprix creates a Blockchain-based Supply Chain Platform
Healthcare care supply chains are highly fragmented, with the cost to maintain them constantly rising. Blockchain finds applications in healthcare supply chains to manage patient data, clinical trials, data security, and drug traceability, as well as claims adjudication and billing. Startups utilize blockchain-based supply chain solutions to mitigate many challenges in modern healthcare systems.
German startup HashPrix develops a blockchain-based healthcare ecosystem that focuses on transparency. Their blockchain ecosystem of solutions is integrable with AI, machine learning, and IoT technologies used in healthcare. Additionally, the platform uses tokenization with a two token model, one each for security and utility for data security. Their supply-chain system finds applications in managing patient records, clinical trial data, medical equipment, and insurance and anti-counterfeiting of drugs.
Discover more Supply Chain startups
The 117 healthcare supply chain solutions, such as the 5 examples highlighted in this report, focus on improving healthcare procurement, supply chain traceability, as well as supply chain data solutions. While all of these technologies play a major role in advancing transparent health supply chains, they only represent the tip of the iceberg. To explore more healthcare & supply chain technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Healthcare Innovation Report to save your time and improve strategic decision-making.