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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Jump Technologies Raises $2M to Expand Hospital Supply Chain Management Platform
Jump Technologies, a hospital supply chain solutions provider, today announced it has raised $2 million in funding led by Black Granite Capital and includes new strategic investor Mount Sinai Ventures and reinvestment by two large investors. The Eagan, MN-based company plans to use the latest round of funding to expand the company’s national sales efforts and support broader product development.Supply Chain Management Is Often Overlooked in HospitalsInventory management in hospitals is often
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GHX: Collaboration Critical to Advance Clinically Integrated Supply Chains
Driving the next level of innovation in healthcare will require significant collaboration throughout the industry. Today’s healthcare supply chain teams, who possess so much critical data and expertise, and work with nearly every stakeholder in the industry, are increasingly called upon to facilitate the collaboration necessary to attain three familiar healthcare goals: reduce costs, increase efficiency, and improve clinical outcomes. GHX) has identified three key areas where supply chain’s
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Cohealo Launches EHR-Integrated Solution for Tracking Medical Equipment Utilization
Cohealo, a healthcare IT company for equipment sharing and planning, today launched Cohealo Track, a SaaS-based solution that leverages case information from a hospital system’s EHR to provide actionable insights into medical equipment utilization. On average, a health system’s medical equipment will sit idle for 58 percent of its lifespan, tying up finite capital planning budgets in redundant purchases that are estimated to be as high as 25 percent of a single hospital’s inventory. With Cohealo
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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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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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