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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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
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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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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