- 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
Read More
Hospital Supply Chain | News, Analysis, Insights
Social Determinants of Health Trends in 2020: The End of the Beginning?
JohnMatthew Douglas, President And Founder at iPressForward, LLC
2020 will mark the end of the beginning of Social Determinants of Health (SDoH).
One would be remiss not to give pause and to consider how much time it has taken to get to this pivotal period in US health and healthcare delivery and, focus on the cornerstone “why” healthcare must, with a fierce urgency, step into the twenty-first century of US healthcare delivery. Meaning, it has taken nearly seventy years to go from the World
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
