Healthcare supply chain service startup, Synthium Health has announced that it will soon launch its latest blockchain technology-based product, the Smart Contract Management Platform. The company also hired Michael Innes, a well-known logistics expert in the supply chain industry, as its business development executive to advance its cloud-based, intelligent digital information & ecommerce technology as well as secure partnerships.
Synthium Health is introducing its new solution called the Smart Contract Management Platform (SCMP). By leveraging Blockchain technology, this solution can provide both physical and virtual visibility from the Manufacturer through GPO, Distributor and 3PL, all the way to the Point of Care. Optionally, commissions and rewards can be disbursed automatically by using Synthium’s own utility tokens (SHP) via smart contract option. This end-to-end feature will be especially useful for healthcare providers (such as hospitals, surgery centers, physician offices etc.) manufacturers, GPO’s and others.
“Our automated platform is centered around a holistic approach to creating efficiencies, all the way through the supply chain process. From sourcing-to-settlement, to leveraging intelligence for better decision-making, Synthium Health uses advanced technologies and the latest best practices in eCommerce to maximize your business revenues,” said Vijay Reddy of Synthium Health.
SCMP provides transparency and visibility throughout the purchase process of medical supplies by integrating with various trading partners. The platform also supports Unique Device Identifiers (UDI), GTINs, UNSPSC Codes, Item master mapping, etc. All of these features enable its users to track their purchases/sales, effectively manage their contracts and know the rewards to be sent/received, all in near real time.
Synthium owes its popularity due to several reasons. It accelerates time to market, user-friendly ecommerce interaction platform, includes transparent and predictable pricing, and is a low-cost, low-risk, high value solution intended to maximize margins and returns. It is today a trusted name to do business, interact with colleagues, and learn about new breakthroughs, innovations and best practices in the healthcare domain.
For more information, please visit: https://www.synthiumhealth.com/
Synthium Health, Inc
1230 Johnson Ferry Place, Suite I-40, Marietta, GA 30068, USA