How Medical Supply Companies Can Take Charge with Digital Many businesses today worry about being “Ubered” or “Amazoned” – that is, seeing their markets invaded by digital native upstarts that overturn traditional business models and value propositions. The healthcare industry’s complex supply chains and regulatory burdens seem to create a high wall that will discourage such disruption. Yet the reality is artificial intelligence (AI), machine learning, data analytics and intelligent automation,
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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
GHX and Hashed Health Partner on Healthcare Blockchain Solutions for Supply Chain
Global Healthcare Exchange, LLC(GHX), a healthcare business and data automation company, announced today that it is partnering with Hashed Health, a leader in blockchain innovation for healthcare. As part of the partnership, the companies will collaborate on blockchain and distributed ledger innovation projects for the healthcare supply chain. GHX and Hashed Health share an interest in using blockchain technologies to solve unmet needs across healthcare. Blockchain is widely believed to have
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Survey: Providers Need Better OR Supply Chain Management Systems to Reduce Costs
A new Cardinal Health survey finds that healthcare providers need better operating rooms (OR) supply chain management systems to reduce costs and support patient safety. The survey of 305 surgical staff and hospital supply chain decision-makers fielded by SERMO provides insight into the current inventory management needs of operating rooms in the U.S.Financial challenges persist across health care systems. And while the OR is among the top revenue drivers for a hospital, it’s also one of the
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GHX Launches Solution to Integrate Supply Chain With Epic EHR Clinical Data
Today, GHX introduced a new solution that will allow providers to connect two of its most important business processes – the item master and the EHR -- and confidently answer the total cost of procedure. GHX Clinical ConneXion is the industry’s the first solution to provide a single source of truth for item information to support clinical documentation and patient billing, including supply and implant capture at the point of use. The first implementation is with the Epic Enterprise EHR
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4 Key Healthcare Supply Chain Innovation Growth Areas to Watch In Next 12 to 18 Months
The strategic importance of the healthcare supply chain means that supply chain leaders and teams are increasingly called upon to help tackle a variety of critical healthcare issues, including the shift to a value-based care model, improving clinical performance, reducing risk, and deriving maximum value from EHR integrations.This week, in concert with the Association for Healthcare Resource & Materials Management’s (AHRMM) annual “National Healthcare Supply Chain Week,” October 1-7, 2017,
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GHX Launches App for Healthcare Credentialed Supply Chain
Today, GHX announced the GHX Vendormate Credentialing mobile app, the first mobile solution available to both healthcare suppliers and providers to help drive increased vendor credentialing compliance. Delivering access to the credentialing solution via mobile app helps to streamline compliance for both providers and suppliers. The new GHX Vendormate Credentialing mobile app is available now through the Apple App Store and Google Play for Android devices.In the U.S. alone there are 244,000+
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Temasek Acquires Majority Stake Healthcare Supply Chain Provider GHX
GHX announced it has signed a definitive agreement with Temasek, an investment company headquartered in Singapore, for a significant investment into the company. Thoma Bravo is selling its majority ownership stake, but remains a minority owner. The investment by Temasek and the continued participation by Thoma Bravo demonstrates a confidence in GHX’s business plan and its mission to take cost out of healthcare. The deal is estimated to close in the next 45-60 days; financial terms were not
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GHX Report: Healthcare Supply Chain Market Growth
Global Healthcare Exchange, LLC (GHX) released fourth quarter 2016 data and 2016 results for distributed sales in both Medical-Surgical (Med-Surg) and Clinical Laboratory (Clin-Lab) product segments in healthcare. The new GHX Market Intelligence “By the Numbers” quarterly report revealed that the Med-Surg segment grew 5 percent year over year in the fourth quarter 2016 to $9.6B in volume and the Clin-Lab segment grew 12.4 percent year over year to $2.15B in the fourth quarter.The new report also
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GHX: Predictive Analytics Named Top 2017 Priority for Healthcare Supply Chain Leaders
Predictive analytics and the use of data for informed decision making has been named as a top priority for healthcare supply chain leaders in 2017, according to a recent Global Healthcare Exchange, LLC (GHX) survey. The results are based on a survey conducted by GHX with its Best 50 provider organizations on priorities and outcomes for the healthcare supply chain in 2017. The survey also revealed that top performing supply chain organizations will look to improve price accuracy between
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5 Trends Influencing Healthcare Supply Chain Innovation
In today’s fast-changing, demanding healthcare environment, the healthcare supply chain continues to advance as the strategic asset to help lower costs and improve patient outcomes. As part of the Association for Healthcare Resource & Materials Management’s (AHRMM) annual “National Healthcare Supply Chain Week,” October 2-8, 2016, Global Healthcare Exchange, LLC (GHX), a provider of cloud-based healthcare supply chain management solutions, revealed five key drivers of ongoing supply chain
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