Syft Platform News & Events
We are busy here at Syft! Below you will find our latest news stories and a list of upcoming events. If we’re going to be in your area please connect with us. And as always, tell us what you think about all the great things we’re doing in healthcare. We want to hear from you! Connect
Press Release : Syft® Launches Version 4.5 of its Syft Synergy Platform
A new mobile user interface and experience plus new features support more efficient hospital inventory and supply chain management processes Today Syft®, a subsidiary of GHX, released Syft Synergy™ 4.5. Enhancements to the supply chain management software platform include a redesigned mobile app interface that simplifies processes for receiving and distribution of supplies. This mobile app re-design will also be offered to clinical users in the next Syft Synergy release scheduled for later this year. Syft Synergy 4.5 also includes new features and functionality for clinical users at the point of use. Learn More
Press Releases
Press Release : Global Healthcare Exchange Enhances Automation, Data Analytics and Inventory Management Capabilities with Acquisition of Syft
February 28, 2022 Global Healthcare Exchange (GHX) today announced it has acquired Tampa, Fla.-based Syft®, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services.Learn More
Press Release : Syft® Launches Version 4.4 of its Syft Synergy™ Platform
February 3, 2022 Today, Syft released Syft Synergy 4.4. Major enhancements include integration with TrackCore for tissue and biologic implant tracking and management, laboratory supply management, and a unique services and software-integrated Kanban inventory management solution that automates PAR inventory replenishment processes. Learn More
Press Release : Syft® Announces Expanded Contract Agreement with Vizient
January 25, 2022 Syft announced today that they have been awarded a new multi-year contract with Vizient, Inc., the largest member-driven health care performance improvement company in the country. The newly extended and expanded contract includes decedent management and tracking software, clinical inventory services, and pharmacy inventory services for hospitals and health systems. Learn More
Press Release : Syft® Announces Nursing Executive Betty Jo Rocchio as Board Advisor
January 6, 2022 Syft announced today that Betty Jo Rocchio, DNP, Mercy’s chief nursing officer (CNO), has been named a strategic board advisor to Syft. In this role, she will provide Syft with guidance and direction on clinical operations and nursing workflows, as well as offer insight on clinically-integrated products and front-line efficiency. Learn More
Press Release : Nearly 80% of Hospital Leaders Say Supply Chain Optimization Reduces Costs and Improves Margins
December 8, 2021 It has been proven that a stronger, more resilient supply chain eliminates waste, streamlines workflows, and reduces the risk of supply shortages. However, according to a recent survey, many hospitals and health systems continue to put off critical supply chain improvement initiatives that will result in meaningful, long-term financial gains as well as clinical and staffing benefits for their organizations. Learn More
Press Release : Syft® Announces New Senior Vice President, Federal Sector
November 30, 2021 Mark Agerton as the new Senior Vice President, Federal Sector. Agerton will oversee sales and business development efforts focusing on customers in the public sector, including the Department of Veterans Affairs (VA), and the Department of Defense (DOD). Learn More
Press Release : Syft® Further Expands Presence in Canada as Supply Chain Challenges Continue to Disrupt Health Systems
November 18, 2021 Syft® has announced an increased focus on providing solutions to hospitals and health systems throughout Canada, as COVID-19-related supply chain problems continue to worsen. Learn More
Press Release : New Survey on Hospital Supply Chains Reveals Most are Not Prepared for Another Pandemic
November 3, 2021 A new survey finds that 98% of hospital leaders say the pandemic exposed significant supply chain vulnerabilities in their hospitals, yet nearly two-thirds (62%) believe their organizations are not doing enough to address these challenges and fortify against future supply chain disruptions. Learn More
Press Release : Atlantic Health System Selects Syft Synergy Platform for Enterprise-Wide Supply Chain Management
October 13, 2021 Syft® has been selected by Atlantic Health System for its ability to provide unparalleled supply chain visibility across the entire Atlantic Health System enterprise and to help the health system with its transition to Oracle SCM Cloud. Learn More
Press Release : Syft® Awarded U.S. Patent for Decedent Management and Tracking
August 10, 2021 Syft® has announced today that the United States Patent and Trademark Office (USPTO) has issued the company U.S. Patent No. 11,049,610, relating to decedent and appendage tracking systems, and specifically for a configurable system designed to track location and status of an individual following death. Learn More
Press Release : Syft® Survey Reveals How Hospital Supply Chains Impact Nurses, Patient Safety, and Margins
April 8, 2021 Syft® released findings from a survey of 100 hospital frontline nurses and nurse leaders that sought to understand their perspectives of hospital supply chains. The findings reveal that nurses face significant supply chain management problems that impact efficiency, patient safety, and hospital margins. Learn More
Press Release : Syft® Launches Syft UniversitySM Training Program to Improve Hospital and Health System Supply Chain Management
March 9, 2021 The program facilitates on-demand training for hospital staff using Syft Synergy®, its Supply Chain Management platform. The launch of Syft University (Syft U) is timely as many hospitals continue to restrict vendors from visiting their campuses for COVID-19-related reasons. Learn More
Press Release : Syft® Partners with Four Points Technology to Provide Decedent Management and Tracking Software to Federal Hospitals and Health Systems
October 6, 2020 Syft and Four Points Technology, a CVE verified Service Disabled Veteran Owned Small Business dedicated to providing IT products and professional services to the federal government, today announced a partnership that enables Four Points to represent the Syft Synergy™ decedent management and tracking solution on its NASA SEWP (Solutions for Enterprise-Wide Procurement) contract. Learn More
Press Release : Syft® awarded decedent management and tracking agreement with Premier
September 17, 2020 Syft® has been awarded a group purchasing agreement for decedent management and tracking with Premier. Effective today, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms. Learn More
Press Release : Syft® Launches Decedent Management and Tracking Solution on the Syft Synergy® Enterprise Supply Chain Management Platform
September 2, 2020 Decedent management is extremely complex, and the rise in deaths in U.S. hospitals due to COVID-19 is highlighting how critical it is for hospitals to have robust and streamlined processes in place. Learn More
Press Release : Rady Children’s Expands Relationship with Syft®; Selects Syft Synergy® Platform for Real-Time Analytics and Insights in Procedural Areas
June 8, 2020 Today Syft® announced that Rady Children’s Hospital – San Diego has selected the Syft Synergy® platform to drive its clinical integration initiative across the supply chain. Learn More
Press Release : Syft® Launches New Solutions and a Comprehensive Guide for Hospital Supply Chain Recovery and Optimization Amidst the COVID-19 Pandemic
June 2, 2020 Today Syft® launched new solutions and a free playbook for hospitals and health systems to recover and fortify their supply chains. Learn More
Press Release : Syft® Launches Version 4.2 of its Syft Synergy® Platform
Jan 31, 2020 Syft® today released Syft Synergy® 4.2. The release comes with new high-value enhancements, many of which were initiated from requests by the Syft community, including FDA integration, AI-driven product recommendations, and additional analytics dashboards. Learn More
Events
Upcoming Event : GHX Summit
May 9-12, 2023 | Chicago, IL Syft will be attending the 2023 GHX Summit May 9-12, 2023 at the Hilton Chicago. Register Now
Media Coverage
Media : Inventory Management Systems Bolster Hospital Cost Savings Initiatives
By Todd Plesko For many hospitals and health systems, it’s been another challenging year. Increases in patient volume and modest revenue gains haven’t been enough to offset the impact of labor shortages and an inflation rate that reached a historic high in June. A recent >Kaufman Hall report found most healthcare organizations had negative operating margins for the first half of 2022 due in large part to historically high expenses. Read Article
Media : No one claimed veteran’s remains, so St. Louis hospital arranged for military funeral
Originally covered in St. Louis Post-Dispatch A U.S. veteran, who died alone in August at Barnes-Jewish Hospital, was buried on Thursday with the full military honors he deserved, something hospital staff worked to ensure. Chandra White leads the hospital’s Office of Decedent Affairs, the only decedent affairs program in Missouri with a team dedicated solely to helping families through the next steps after their loved one dies at the hospital, she said. It’s one of about 10 in the country. Learn More
Media : Hospitals Aren’t Investing Enough in the Supply Chain and They’re Paying the Price
By Betty Jo Rocchio, Lee Smith When it comes to supply chain management, the healthcare industry comes in last place; and it’s paying the price. Antiquated processes that create inefficiencies, unnecessary expenses, and staff dissatisfaction are contributing to financial challenges that have only been exacerbated during the pandemic. Read Article
Media : Nearly 80% of hospital leaders say supply chain optimization reduces costs and improves margins
From Healthcare Purchasing News As the ongoing pandemic continues to challenge the national supply chain, efficient supply chain management plays a critical role in hospital margins, patient care, and staff satisfaction. It has been proven that a stronger, more resilient supply chain eliminates waste, streamlines workflows, and reduces the risk of supply shortages, reported in a press release from SYFT. Read Article
Media : Mark Agerton Named Federal Sector SVP at Syft
From Executive Biz Mark Agerton, a more than 30-year veteran of the health care management industry, has joined Syft as senior vice president of federal sector, responsible for the segment’s sales and business development activities. Read Article
Media : MU Health Care stocks up on hospital items despite pandemic supply chain woes
From Columbia Missourian About 98% of hospital leaders surveyed nationwide said the COVID-19 pandemic has exposed issues in their supply chain, according to a new report by Syft, a company that creates software for hospital supply chain management firms. About 93% of survey respondents said they have taken additional steps to address the supply shortage. Read Article
Media : Are Hospital Leaders Doing Enough to Address Supply Chain Issues?
From ASH Clinical News A poll by consulting firm Sage Growth Partners on behalf of inventory management platform Syft found that among 100 organizations, 93% have taken action to address pandemic-related supply chain vulnerabilities such as insufficient supply stockpiles, unreliable suppliers, poor visibility into inventory, and staff safety risks. Read Article
Media : Majority of hospital executives say they need to do more to improve their supply chain issues
From Tampa Bay Business Journal The Covid-19 pandemic exposed the vulnerability of hospital supply chains. While nearly all respondents in a recent survey by Syft said their hospitals had taken some steps to address the issue, nearly two-thirds stated that their organizations should be doing more. Read Article
Media : Hospital executives continue to underestimate the scope of supply chain problems within their organizations
From Journal of Healthcare Contracting In a recent survey, although 98% of hospital leaders said the pandemic exposed significant supply chain vulnerabilities in their hospitals, nearly two-thirds (62%) believed their organizations aren’t doing enough to address these challenges and fortify against future supply chain disruptions. Read Article
Media : Hospital leaders agree COVID revealed ‘significant’ supply chain issues. Less than half say they’ve plugged the gaps
From Fierce Healthcare Across a sample of 100 organizations polled in late August, 93% of respondents said their groups have taken steps to address pandemic-exposed shortcomings such as insufficient supply stockpiles, unreliable suppliers, poor visibility into inventory and staff safety risks.Read Article
Media : Health care plagued by new supply chain shortages
From Axios From medications to gloves to crutches, the strains of the global supply chain are hitting U.S. health care hard… Shortages of health care supplies can quickly jump from a nuisance to a life-or-death proposition. They indicate serious vulnerabilities in the U.S. health care supply chain. Read Article
Media : Why Building a Nurse-Centric Supply Chain Matters
By Lee Smith, Syft VP Clinical Solutions Hospitals and health systems have made great improvements to supply chain management processes over the past few years, but many have overlooked a critical stakeholder: Nurses. Nurses are heavily impacted by the supply chain, and often face significant challenges as a result of the cumbersome and time-consuming workflows associated with it. Read Article
Media : Good Samaritan Nurses on How to Improve the OR Supply Chain
From Becker’s Hospital Review Deena Carney, BSN, RN, and Heather Salvatore, BSN, RN, two perioperative nurses at Good Samaritan Medical Center in West Palm Beach, Fla., detailed how nurses can work to improve the operating room supply chain in an article published in the American Nurse Journal. Read Article
Media : Nurses’ Role in OR Supply Chain
Partnered with American Nurse Journal While the pandemic has been tough on healthcare workers, one often overlooked sore spot — supply chain issues and inventory mismanagement — further aggravate nurses, a recent survey by Syft, a provider of healthcare inventory control and end-to-end supply chain cost management software and services and Sage Growth Partners confirms. Read Article
Media : Can Hospitals Ease Nurse Burnout with HealthIT Solutions?
From mHealth Times Nurses are in a unique position to help their hospitals improve the supply chain. In this peer-reviewed special report, Syft partnered with the American Nurse Journal to explore six things nurses can do to improve processes. Read Article
Media : Nurses Say Supply Chain Problems Impact Safety, Hospital Margins
From Recycle Intelligence Nurses face significant supply chain management problems that affect efficiency, patient safety, and hospital margins, according to the annual marketing report from Syft. These findings are based on a February 2021 survey of 50 hospital frontline nurses and 50 nurse leaders. Read Article
Media : How Hospital Supply Chains Impact Nurse, Patient Safety, and Margins
From Managed Healthcare Executive Nurses face significant supply chain management problems that impact efficiency, patient safety, and hospital margins, according to a recent survey from Syft, a leading national provider of healthcare inventory control and end-to-end supply chain cost management software and services. Read Article
Media : New Survey Reveals How Hospital Supply Chains Affect Nurses, Patient Safety, and Margins
From HealthLeaders The report, Nurses: The Secret Factor for Better Supply Chains, an annual market report issued by healthcare inventory provider Syft, highlights hospital supply chain challenges at the point-of-use and key areas that require improvement. Read Article
Media : Hospitals Use Supply Chain Analytics to Recover from COVID-19 Losses
From Fierce Healthcare The COVID-19 pandemic has challenged healthcare networks throughout the U.S. in unprecedented ways. As financial losses are being surveyed, new opportunities have emerged for hospitals and health systems to not only recover from those losses, but also simultaneously establish cost-saving initiatives in the perioperative area by using optimized supply chain analytics. Read Article
Media : The Deceased Deserve Better: Why they should be a higher hospital priority
By Todd Plesko, Syft CEO Each year, about 984,000 people die in U.S. hospitals, according to the CDC. Yet many hospital leaders underestimate the importance of having strong decedent management procedures in place. Read Article
Media : MedStar Health and Syft aren’t waiting for another national crisis to fix the supply chain — 3 things to know
From Beckers Hospital Review We’re bringing technological tools to the forefront and using real-time analytics to support our physicians and clinical teams… This has helped strengthen our clinical partnerships by making sure [clinicians] have what they need when they’re at the patient’s bedside.”Read Article
Media : Top 3 supply chain management changes hospitals must make post-Covid-19
By Todd Plesko, Syft CEO Covid-19 has changed perspectives across most industries, but especially in healthcare, where it has exposed significant vulnerabilities in the supply chain. As hospitals have struggled to maintain proper levels of PPE, ventilators, and medications, hospital leaders have shifted their priorities toward supply chain optimization. Read Article
Media : Opinion: Why the Healthcare Supply Chain Buckled Under COVID-19
By Todd Plesko, Syft CEO Despite heroic efforts by hospitals across the country, the healthcare supply chain has struggled in the fight against COVID-19. Current shortages include PPEs, ventilators, and drugs—and patients, physicians, and nurses are suffering grave consequences. Read Article
Media : Hospital Leaders Say COVID-19 Is Making Supply Chain Optimization A Top Priority
By Todd Plesko, Syft CEO Hospital leaders always have recognized supply chain management as a key function within their healthcare systems, but it has rarely outranked other top priorities such as patient safety, optimizing efficiency, and improving revenue. COVID-19 has changed that. Read Article
Media : Six Ways Health Systems Can Save Millions in 2020
By Brion Bailey, Syft CCO Just seven years ago, most physicians had yet to meet the Centers for Medical and Medicaid Services’ (CMS’s) meaningful use standards for electronic health records (EHRs). Today, over 95% have satisfied the requirements. Read Article