PE deals neared $90B in 2022; AI and the Supply Chain; Energizing Supplier Diversity; plus Jobs!

April 14, 2023

Hello NAW Subscribers -

I hope you like this issue of National Accounts Weekly.

Sincerely,

John Pritchard

President of ANAE

Publisher of The Journal of Healthcare Contracting (JHC)

Healthcare PE deals neared $90B in 2022

Bain & Company’s 12th annual Global Healthcare Private Equity and M&A report was recently published, reflecting the continued resilience of the healthcare industry, with 2022 seeing near-record levels of healthcare deal making, in terms of both volume and value.

Despite a slowdown caused by macro-economic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare deal making, due in large part to the white-hot pace of investment at the start of the year.

MIT professor on AI and the future of the supply chain

In a new book, the founder of MIT’s Center for Transportation and Logistics examines how increasingly automated industries can sustain jobs.

Global supply chains are immense feats of technological and organizational sophistication. They are also, as the onset of the Covid-19 pandemic showed, vulnerable to unexpected developments. Will that change as artificial intelligence becomes a bigger part of supply chains? And what will happen to workers in the process?

Utilizing reshoring to mitigate future supply chain issues

As companies across the globe grapple with the lingering effects of the pandemic on the supply chains, one potential solution has emerged: reshoring. This practice of bringing back manufacturing and sourcing to domestic markets has been gaining popularity in recent years, even through obstacles of cost, time and other limitations.

As a part of this turn to reshoring, many supply chain operators have already expanded into Latin America, providing an Asian alternative and a viable backup if supply chain disruption rears its ugly head again.

SMI releases new resources to re-energize supplier diversity programs

SMI®, a non-profit community of healthcare supply chain organizations, released a new resource to re-energize supplier diversity programs across the healthcare supply chain. This resource includes 5 manageable steps that organizations can take to improve their programs, build a business case, and determine KPIs. This resource was developed by a Council of SMI members, all executive leaders from hospital providers, suppliers, manufacturers, distributors, and disruptors who work side-by-side to make transformational changes in the healthcare industry.

Bill signed to end COVID-19 national emergency

Over three years after the onset of the COVID-19 pandemic, President Joe Biden signed a House bill to immediately end the COVID-19 national emergency for the U.S. While the White House initially planned to extend both the national emergency and public health emergency until May 11, the newly signed bill ended the national emergency.

Vizient examines care models for arrhythmia

Vizient, Inc. released its latest Medical Device Tech Watch, examining care models for cardiac arrhythmia, methods for improving colorectal cancer screening rates and how optimizing surgical tray standardization can reduce costs and improve operational efficiencies. Access Medical Device Tech Watch.

"This edition of Tech Watch explores a variety of topics, including emerging artificial intelligence technologies and efficiencies in the operating room," said Doug Beinborn, associate principal, Vizient. "Throughout the publication, we surface new medical devices and methods to improve health outcomes and reduce costs for healthcare providers and ultimately, their patients."

IDN Directory Blog:

5 ways to connect with IDN supply chain leaders (without pushing a sale)

IDNs are so hard to get to today and health systems where you don’t yet have business are even harder to build a relationship with. If you want to get any traction with a health system that you currently don't have business with, you have to build trust first.

How in the world do you build trust with somebody that may be working virtually or just isn't taking appointments from non-incumbent suppliers?

Henry Schein supports Carry The Load's Memorial May campaign

Henry Schein announced its support for the Carry The Load® Memorial May campaign, a month-long Memorial Day awareness program providing active ways to connect Americans to the sacrifices made by the U.S. military, Veterans, first responders, and their families.

Carry The Load’s Memorial May initiative was created to honor and remember the people who died while serving in the U.S. military. During the 32-day event, beginning on April 27, 2023, Team Schein Members will take part by walking in the National Relay, attending a rally, and fundraising for the nation’s heroes. Henry Schein Cares, North American Rescue, Henry Schein Dental, Henry Schein Medical, and Henry Schein One will sponsor the following rallies and the Dallas Memorial March: