In an Internet of Things (IoT) approach to health care - where connectivity creates opportunities for improved economic benefit − Cardinal Health announced the opening of its Healthcare Supply Chain Innovation Lab, a research and development facility dedicated to reducing the $5 billion in waste in the health care supply chain for devices and implantables.* The new, 20,000 sq. ft. lab located in Concord, Mass., will serve as a hub for Cardinal Health to explore innovative approaches, such as
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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant
GHX Unveils 2 Healthcare Supply Chain Savings Calculators
Providers and suppliers continue to look at the supply chain as the cornerstone for transforming their operations. One of their ongoing challenges in this area, however, is having the ability to fully understand the long- and short-terms risks and cost savings associated with those investments.
Healthcare supply leader, GHX has launched two new healthcare supply chain savings tickers that track actual and potential savings available to healthcare providers and suppliers. The new tickers are
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Why Should Pharma Organizations Take a Holistic Approach to Supply Chain Management?
This post is sponsored by Webinax
In a discussion about pharmaceutical supply chain management, we must first discuss the challenges the industry faces. Take compliance. The pharmaceutical industry is highly regulated, and a single quality event or poor reporting could result in a recall or penalty. Pharmaceutical recalls have gone up tremendously in the last few years due to many factors, including the FDA cracking down on compounded pharmacies and enforcing GMP standards. According to the
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GHX Launches Next-Gen Healthcare Supply Chain Exchange
Today GHX launched the next generation of its flagship trading healthcare supply chain exchange, the GHX Global Exchange. The new platform delivers the most sophisticated e-commerce exchange available in healthcare. GHX redesigned the platform to make improvements in security, scalability, reliability, transparency that will support the industry's growth through 2020 and beyond.
The transition of the GHX Global Exchange from software-as-as-service to a global cloud service is significant for
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8 Predictions Shaping the Future Healthcare Supply Chain
As the healthcare industry continues to change, organizations are seeking new ways to remove waste, cut costs and improve patient care. Healthcare supply chain provider, Global Healthcare Exchange (GHX) recently spoke with a select group of customers, from large and mid-sized hospitals to some of the biggest suppliers in the world, for their perspectives on how the supply chain will help usher in healthcare transformation and its role in the coming two decades.
Based on those interviews,
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10 Myths about Hospital Supply Chain
Jump Technologies, a provider of cloud-based supply chain management solutions for hospitals and healthcare organizations, announced it will take on the challenge of debunking the myths that drive inefficient and wasteful inventory management processes, where there is an estimated $60 billion savings opportunity for the U.S. healthcare industry. Getting a better grip on managing a healthcare organization’s supply and demand will save tons of money to the organization while also increasing
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Healthcare Supply Chain Leader GHX Closes Vendormate Acquisition
Healthcare supply chain leader Global Healthcare Exchange (GHX) today announced that it has completed the acquisition of Atlanta-based Vendormate, a privately held company that specializes in vendor relationship management solutions for healthcare providers and suppliers. Financial terms of the deal were not disclosed.
Vendormate solutions help healthcare providers better manage the process of who they do business with including vendor on-boarding, business associate management,
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Supply Chain: Can It Help Providers Meet Meaningful Use?
Lest we forget, asset productivity is a multi-million dollar blind spot. Cohealo’s Mark Slaughter explains why a quantified supply chain matters when talking about meaningful use.
How will Stage 3 of meaningful use (MU) explicitly improve financial and clinical outcomes? That’s the question stirring the pot in healthcare, along with provider speculation that ONC’s (Office of National Coordinatior’s) well-meaning MU program needs changing (at all stages) to create meaningful impact.
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GHX Acquires Vendormate to Expand Supply Chain Portfolio
Global Healthcare Exchange (GHX), a leader in supply chain solutions, announced today that it has entered into an agreement to acquire Atlanta-based Vendormate, the leader in vendor relationship management software. Vendormate's solutions add vendor credentialing capabilities to the GHX supply chain portfolio delivering even greater supply chain visibility for healthcare providers and suppliers. The acquisition is expected to close within the next 30 days.
The acquisition of Vendormate adds
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Cohealo Raises $9M To Bring Healthcare Supply Chain to the 21st Century
Cohealo Inc., provider of medical asset mobilization and real-time analytics for hospitals, today announced the company has completed a $9M Series A financing led by Romulus Capital and Krillion Ventures. Financing was composed of both equity and convertible-note financing and builds upon seed investment from Romulus Capital.Romulus is prominent investor in the digital health space whose portfolio investments include Aidin, Ginger.io, Fitocracy, and Docphin. The recent funding will be used to
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