Novel solution delivers numerous financial and operational benefits, including insights that improve cash flow, reduce supply and labor costs, and improve efficiencies
ArcheHealth, which is positioned to be the healthcare operational intelligence leader, announced today that it will showcase its healthcare supply chain solution at AHRMM25, the premier event for healthcare supply chain professionals, in Denver from August 3 to 6.
ArcheHealth is exhibiting at Booth #521.
Hospitals face significant challenges in managing their supply chains, leading to inefficiencies that increase operational costs, waste resources, and hinder patient care. Critical supply chain issues include ineffective acquisition and payment processes, poor inventory and par level management, fragmented supply chain IT software applications, a lack of precise operational analytics, and regulatory and compliance pressures.
ArcheHealth’s AI-driven platform equips hospitals with precise insights into the true costs of delivering care at the individual patient level. By analyzing clinical, financial, and operational data from various sources, the platform uncovers inefficiencies and errors — such as in the Procure to Pay (P2P) process, supply chain contract supplier or GPO pricing via benchmark comparisons of medical/surgical supplies and pharmaceuticals— with the goal of reducing operating expenses, ultimately supporting sustainable margin growth.
This proactive, data-informed approach allows hospitals to streamline patient care processes and transition from reactive to strategic performance management, improving cash flows, reducing labor and supply costs, and driving greater operational efficiency.
“Healthcare supply chains are under immense pressure, and traditional tools simply aren’t keeping up,” said Ralph Keiser, Chief Executive Officer, ArcheHealth. “Our AI-powered platform gives hospitals the real-time, actionable insights they need to eliminate inefficiencies, reduce costs, and ensure critical resources are always where they’re needed most.”
Earlier this year, ArchHealth secured a $6.7 million round of seed funding from LRVHealth, Martin Ventures, and Texas Health Resources to launch its transformative AI-powered platform to reduce healthcare costs and drive operational performance improvement.