How AI can help European healthcare systems during a pandemic

Vamstar has leveraged their AI platform to help healthcare systems better prepare for the months ahead by understanding the gaps in their supply chains.

Antler

April 23, 2020
Share article

Vamstar, one of our London Portfolio Companies, has built an artificial intelligence platform that helps suppliers to automatically remain updated on the latest contracts and tenders within the healthcare sector. As a response to the current situation and to help healthcare systems across Europe better prepare and plan for the months ahead, they have now also developed a risk-based scoring framework to understand the gaps in the supply chain.

Healthcare supply chains have become even more fragmented on account of supply chain optimisation in the last decade so as to reduce costs.

— EXTRACT FROM VAMSTAR'S 'COVID-19 SUPPLY CHAIN RISK IN EUROPE’ REPORT

They have extracted over five years of purchasing history from their AI-based contracting platform, with data from over 2,800 hospitals in 28 European countries, examining purchasing trends across 600 product categories - including viral detection kits, face masks, surgical gloves, respirators, and ventilators.


With years of austerity measures in place and massive spending cuts enacted, there is ample evidence that austerity has had a massive effect on the health system ability to cope with intense shocks such as the one we are experiencing now.

— EXTRACT FROM VAMSTAR'S 'COVID-19 SUPPLY CHAIN RISK IN EUROPE’ REPORT

The sole objective of their supply chain risk scoring is to focus on the most vulnerable parts of different healthcare systems to enable and improve quick decision making.

Interested in understanding the mechanics of healthcare financing in Europe and to dive deeper into the state of global healthcare supply chains? Read their 'COVID-19 Supply Chain Risk in Europe' report in full HERE.

***

In the last few weeks, Vamstar has built a Supply Risk Ratings to help suppliers and buyers in the healthcare industry understand changing demand and supply patterns across various European countries. For more information about this or their other products, contact Praful Mehta, CEO, at praful@vamstar.io.

About the author

Antler

The investor backing the world's most driven founders, from day zero to greatness. Enabling thousands of founders every year to launch and scale companies that move the world forward.

More insights

See all articles
Insights
5 min read
Championing a new generation of women founders in the UK and beyond

Antler’s exclusive “Empowering Women Entrepreneurs: Building Venture-Scalable Businesses” summit in London brought together top women founders for a dynamic afternoon of thought leadership and discussion. Read highlights of the event—essential insights for the next generation of women founders in the UK and beyond.

Insights
5 min read
Daria Stepanova: The rocket scientist using data to combat the climate crisis

Meet the spacetech founder tackling climate change by setting the new global standard for precise and continuous greenhouse gas emissions measurements.

Insights
5 min read
Introducing Canada's Next Big Thing: A blueprint for future entrepreneurs

Exciting news for entrepreneurs ready to leave their mark: We've launched a pivotal initiative that spotlights the diverse opportunities within Canada's thriving industries.

Our report curates pivotal problem statements from Canada's leading tech visionaries, founders, and VCs, offering aspiring entrepreneurs a pathway to impactful innovation.

Discover 20+ big opportunities pinpointed by top Canadian minds, spread across six fast-growing industries. Each challenge is an invitation to create and innovate—leading the way to the future.

We hope it will serve as a roadmap for aspiring founders ready to build tomorrow's solutions today.