MYCO Medical CEO Addresses Healthcare Supplier Diversity Forum
Sam Kumar urges MBE's to focus on more than just diversity
Online, September 21, 2011 (Newswire.com) - Sam Kumar, the CEO of MYCO Medical, a national medical supply company and diversity supplier, urged a gathering of other Minority Business Enterprise (MBE) CEO's to think differently about how they position their products to hospitals, GPO's and distributors.
Kumar spoke to the MBE's as a panelist in forum, "Getting Healthcare Business - The Challenges and Solutions for MBE's" last week at the Healthcare Supplier Diversity Symposium, hosted by Owens and Minor.
He argued that not only should the industry focus on diversity, but on innovation as well.
"Because MBE's are often smaller firms, their size allows them to more quickly react to changing market conditions with an innovative product or solution, and the healthcare industry often doesn't notice that," Kumar told the gathering. "This agility leads to innovation, which helps move the industry forward and also helps facilities cut down on the fat in their supply costs."
Kumar cited his company, MYCO Medical, as an example. MYCO Medical introduced the Qlicksmart scalpel blade removal systems to its product lineup earlier this year, just as OSHA launched an inspection of the sharp-safety program in four southeastern states.
"Although we identified the substantial savings and improvement to staff and patient safety that could be found by delivering ground-breaking, quality products at a competitive price, it is difficult to get noticed because the healthcare supply network is reluctant to change the way it always does business," Kumar added. "The entire industry as well as our patients could benefit through improved products and cost savings if MBE's are given a closer look."
MYCO Medical, based in Cary, NC, was founded in 1993. Today, MYCO Medical distributes its disposable medical devices, including Surgical Blades, Procedure Needles, Blood Collection Devices, Wound Sutures, and an innovative OSHA compliant line of Staff & Patient safety products. MYCO Medical products are utilized in the healthcare, dental, podiatry and veterinary markets. Inc Magazine recently ranked MYCO Medical No. 3,034 on its annual ranking of the 5000 fastest-growing companies in the country.
About MYCO Medical:
As a leading NMSDC Diversity Certified Supplier, MYCO Medical is committed to Bringing Reliability, Safety, Innovation and Value to the Healthcare Industry with a particular emphasis on innovative, high-value surgical devices and disposables. Founded in 1993 by Sam Kumar, MYCO Medical was built on the foundation of combining innovative and high quality products with exemplary and attentive customer care to create a trusted, value-conscious partner for all segments in the healthcare industry. Headquartered in Cary, N.C., MYCO Medical works with an extensive network of over 300 national and regional distributors from its multi-million dollar distribution center offering Surgical Blades and Scalpels, Safety Surgical Products, Procedure Needles, Syringes, Blood Collection and IV Devices, Wound Closure Products and more.
For more information on MYCO Medical, visit www.MYCOMedical.com.