What You Should Know: - GHX, a healthcare supply chain leader announced it has entered into a definitive agreement to receive a strategic investment from private equity firm Warburg Pincus. As part of this transaction, minority investor Thoma Bravo has exited its investment. Existing investor Temasek, an investment company headquartered in Singapore, will remain the majority equity holder. - GHX has employees in the United States, Canada and Europe and is known for operating the largest
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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
UPS Healthcare Expands Specialty Pharmaceutical Offerings with End-to-End Cold Chain Capabilities
What You Should Know: - UPS Healthcare today announced it is enhancing its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a comprehensive suite of cold chain technologies, best-in-class capabilities to support healthcare customers. - UPS Cold Chain Solutions is purpose-built to provide pharmaceutical companies, healthcare providers and laboratories a full, end-to-end cold chain service offering, including storage and distribution,
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COVID Exposed The Dire Need for Real-Time Healthcare Data Sharing
In a world where technology and Big Data can provide us with instantaneous access to our banking transactions, and our financial information and credit reports can be retrieved with a few keystrokes when applying for a mortgage -- trying to get access to our own healthcare data is exasperating. Beyond exasperating, is the frightening situation when the inability to access up-to-date and accurate information, can result in an aggravated medical condition or even death. Before the
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Shoring Up the Healthcare Supply Chain: 4 Lessons From The COVID-19 Pandemic
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 demand for personal protective equipment
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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. -
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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
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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
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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 unique
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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
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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
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