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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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
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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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
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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
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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
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Boston Children’s Hospital Taps Premier to Power Its Supply Chain Portfolio
Pediatric medical center Boston Children’s Hospital has partnered with Premier Inc. (PINC), a healthcare improvement company, to foster optimal management of its supply chain portfolio across the enterprise. The hospital signed a multi-year agreement with Premier for access to its industry-leading supply chain services, including Premier’s group purchasing organization (GPO) and PremierConnect® supply chain analytics.As part of the implementation, Boston Children’s will leverage Premier’s vast
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Olive, Clinc Partner to Add Conversational AI to Digital Healthcare Employee for Hospitals
Olive, the company that introduced healthcare’s AI-driven digital employee has joined forces with Clinc, another trailblazer in Artificial Intelligence (AI), to free up time and resources by adding conversational AI capabilities to its existing technology. The combined offering allows Olive’s digital healthcare employee to bring hospitals and health systems broader applications across revenue cycle, supply chain and other financial and operational departments.
While new technologies
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FDA Approves Blockchain/IoT Pilot to Track Specialty Prescription Drugs Across 3 States
The U.S. Food and Drug Administration (FDA) has approved a multi-regional pilot studying the use of blockchain-enabled data technology to track and verify specialty prescription drugs, to ensure safety, enhance value and improve health outcomes.Blockchain Pilot Consortium & Implementation TimelineThe pilot consortium is comprised of Rymedi,Temptime/Zebra, Indiana University Health, WakeMed Health & Hospitals, Good Shepherd Pharmacy and its RemediChain project, as well as the Center for
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Clinically Integrated Supply Chains: The Future of Supply Chain Management?
Slowly, but surely, supply chain management is evolving. GHX’s Bruce Johnson explains. It’s hard to believe that after nearly a decade of embracing HIT, the U.S healthcare industry still has its share of technological growing pains. Perhaps there is no better example than supply chain management (SCM), where manual methods often remain the default despite the enthusiasm to take things virtual. According to a recent survey conducted by Sage Growth Partners, most executives believe SCM is a
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