Karen Conway, Vice President, GHX
In December 2019, the Assistant Secretary for Preparedness and Response told a House committee that “supply chain issues were among the most significant challenges to preparing for an influenza pandemic as well as other infectious diseases.” A few months later, healthcare systems across the country and around the world are face-to-face with that harsh reality, as many of the largest healthcare suppliers are unable to fully meet the growing global
Read More
Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
IBM Launches Blockchain Solution to Battle COVID-19 Medical Supply Chain Shortages
What You Should Know:
- IBM has launched Rapid Supplier Connect, a blockchain-based solution to help battle medical supply chain shortages due to COVID-19. - The network will help government agencies and healthcare organizations identify new, non-traditional suppliers who have pivoted to address the shortage of equipment, devices, and supplies needed for COVID-19 relief efforts.
-
Read More
5 Common Types of COVID-19 Grey Market Scams for Hospitals to Avoid
What You Should Know:
- Scammers may be trafficking counterfeit or faulty protective equipment (PPE) during COVID-19 in what is now known as the “grey market.”
- Premier outlines five common types of COVID-19 grey market scams for hospitals to avoid and key best practices to avoid them as hospital brace for the surge in COVID-19 patients.
Healthcare providers are working around the clock to safely
care for patients during the COVID-19 pandemic,
and the last thing they need to
Read More
COVID-19: Is Your Hospital’s Supply Chain Ready for Coronavirus?
Chances are good the face mask you’re wearing or have on hand (just in case) was made outside the United States, maybe in China.
In calmer times, that wouldn’t matter much. But when Chinese officials are trying to stem a global pandemic that started in a Chinese city, how likely is it that the country will continue to export face masks at the same rate?
This isn’t a hypothetical. With the spread of COVID-19, aka, coronavirus, we know the answer is not very, and that it impacts a great deal
Read More
Jump Technologies Offers Hospitals Free Supply Chain Solution for Tracking COVID-19 Supplies
What You Should Know:
- Jump Technologies offers new supply chain solution free of charge to help hospitals manage utilization of critical supplies and avoid stockouts during high volume COVID-19 response.
- From a single screen, hospitals can easily see where existing supplies are located (in hospital storage or in a warehouse); track consumption by department, clinic, or user; and forecast potential stockouts.
The rapid spread of the novel coronavirus (COVID-19) has placed
Read More
GHX Acquires Lumere to Advance Clinically Integrated Supply Chains
- Global Healthcare Exchange (GHX) announced it has acquired Chicago-based Lumere, a provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management. - As reimbursement models move from fee-for-service to fee-for-value, GHX believes Lumere’s capabilities will extend its value to more directly improve patient outcomes at the lowest cost by empowering customers to make
Read More
Premier Acquires Medpricer for $35M to Optimize Savings in Purchased Services
- Premier acquires Medpricer’s technology solution that enables purchased services savings across a total addressable acute care market of $160 billion. - Cloud-based platform provides purchased services management technology, including pricing benchmarks, RFP templates and other supplier data. - Acquisition enables healthcare providers to better manage third-party contracts to improve financial performance.Premier Inc., a healthcare improvement company, has acquired Medpricer, a
Read More
Medinas Raises $5M to Expand Pre-Owned Medical Equipment Marketplace
- Medinas close $5M seed funding round led by NFX to expand pre-owned medical equipment marketplace and asset management software for hospitals. - Pre-owned medical equipment marketplace and asset management software has helped hospitals reduce waste and save over $50M in sales equivalency by making equipment remarketing fast, easy and safe.- The Medinas Price Book utilizes over 9 million data points to provide estimated equipment values for the $156 billion healthcare equipment market in the
Read More
2 Healthcare Supply Chain Priorities Supporting Value-Based Care to Watch in 2020
- GHX Survey finds healthcare supply chain data and standardization key to accelerating healthcare’s shift to value-based care.- The survey highlights the role of healthcare supply chain data will play during the year(s) ahead in solving the cost-quality-outcomes equation.Global Healthcare Exchange, LLC (GHX), a healthcare business and data automation company has announced the results of a survey conducted among its Best 50 provider organizations regarding healthcare supply chain priorities for
Read More
7 Supply Chain Management Areas Where AI and ML Can Realize the Greatest Cost Savings
According to a recent report from Syft, health care leaders fail to leverage data analytics
in their supply chains. This shortcoming could result in them missing out on
millions of dollars. There's an urgent need to optimize supply usage throughout
the enterprise and patient care continuum while cutting waste.
In addition to the
increasing downward pressure hampering revenues, statistics anticipate that
supply chain costs will exceed labor-related expenses by 2022.
These factors
Read More
