AI revolutionizes hospital procurement services - MedCity News

Artificial intelligence (AI) is a formidable tool for supply chain management and procurement services for healthcare systems. Just about any product can be sourced/evaluated with the highest efficiency using AI--for example, personal protective equipment (PPE), medical devices and equipment, supplies, components, contracts (including terms and costs), and even third-party vendors for particular services--all within a matter of hours. AI is amazingly cost-effective in that it saves healthcare systems large amounts of time and billions of dollars through improved efficiencies. For example, AI can process hundreds of thousands of products or contracts in one business day or less--an achievement that would take years if it was a manual task. AI helps hospitals control costs by making their procurement processes more cost-efficient and productive, ultimately enhancing the patient experience.