UPMC taps IBM Watson, big data, machine learning, to build better supply chain

With an eye toward taking the healthcare supply chain to new levels, UPMC on July 8 introduced Pensiamo, a new company whose goal is to help hospitals improve supply chain performance, where costs are high and getting higher, second only to labor costs. Pensiamo is an Italian word. We can provide insights that others cannot," UPMC's James Szilagy told Healthcare IT News. Pensiamo starts up with 150 employees, spinning out certain functions of UPMC's supply chain into the new company. For now, UPMC itself is the sole customer, but Szilagy said there has been strong interest from others. "So now that we have the organization stood up, we can take them to the next level," he said. "Many healthcare entities across the country have not invested in their supply chain organizations over the years, so they are not as far down the maturity curve as UPMC is.