What You Should Know: Three years after COVID-19 was declared a public health emergency, many healthcare supply chain leaders and frontline professionals are operating in survival mode, according to new industry research from Deloitte Consulting LLP.Ongoing challenges include economic pressures, multiple resource shortages, data visibility and labor issues. Key Findings To gain greater insight into these impacts, Deloitte expanded its study by conducting site visits to healthcare
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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
M&A: GHX to Acquire Prodigo Solutions
What You Should Know: - Today, Global Healthcare Exchange (GHX) announced that it has signed a definitive agreement to acquire Pittsburgh, Penn.-based Prodigo Solutions, Inc. (Prodigo), a supply chain and data enablement technology company. - Prodigo was founded in 2008 by UPMC, the world-renowned Pittsburgh-based healthcare provider and insurer. Prodigo’s offerings help to broaden the healthcare supply chain’s span of control, expanding the potential for savings
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Think Retail: What the Medical Supply Industry Can Learn from the Marketplace Revolution
Through years of disruption and advancement, the retail industry has evolved tremendously to meet the increased demands of a broadening consumer base. However not every industry – and most notably healthcare — has progressed with the times and buyers’ needs. The healthcare supply chain specifically must expand beyond its antiquated roots to better serve buyers. Just as in retail, where the U.S. has seen exponential growth over the last 20 years, according to the U.S. Census Bureau, the
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GHX Launches Lumere Consulting Services for Clinically Integrated Supply Chain
What You Should Know: - GHX Lumere announced the launch of its consulting service to support healthcare providers that want to optimize savings and reduce clinical variation. - This premium service combines clinical expertise, data, evidence and technology to help hospitals and health systems improve supply chain performance. Lumere Consulting Services Offering As hospital operating margins continue to lag, many organizations are looking to achieve savings through
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GHX Names The Top 50 Hospitals for Supply Chain Excellence
What You Should Know: GHX today announced its annual list of the Best 50 supply chains, which recognizes the highest performing healthcare provider organizations in North America. These honorees set the standard for supply chain excellence by improving operational performance while driving down costs through supply chain automation. Healthcare Providers Modernizing Supply Chain Operations Selected among more than 4,100 hospitals connected to the GHX digital trading network (Exchange) in
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GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform
What You Should Know: - Today GHX announced its acquisition of Syft, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services. - As a wholly-owned subsidiary of GHX, Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. Modernizing Healthcare Supply Chain to Overcome COVID-19 Related Challenges As health systems shift to value-based care as well as overcome
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Why “Just in Time” is “Just Not Right” for Optimizing the Healthcare Supply Chain
The ongoing shortage of COVID-19-related masks and personal protective equipment (PPE) has sent shockwaves through the healthcare industry; we’ve all seen the newscasts and forecasts predicting these supply chain disruptions aren’t going anywhere anytime soon. Since China implemented its first lockdown at the start of the pandemic, it created a cascading effect of redirecting a reduced supply to their own country amplifying supply chain issues around the world – and unprepared hospitals have
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PE Firm Warburg Pincus Makes Minority Investment in GHX, Thoma Bravo Exits
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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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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