By cleaning and conditioning your organization’s data, GHX helps you reduce errors and improve contract alignment. Our solutions help deliver more accurate, up-to-date data that supports, enhances and connects hospital systems with minimal maintenance and redundancy. Really, it’s that easy.

Maximize the value of your item master
How big is your item master? You might have hundreds, thousands, even tens of thousands of items that help your procurement department quickly find and select products to purchase. But if you have duplicate entries, incomplete records or out-of-date information, your item master may not be delivering the benefits it could.

Without a single source of information, your procurement department is probably ordering the wrong products and spending valuable time fixing errors. This means you’re missing out on negotiated contract pricing and reimbursement opportunities. GHX can help you effectively manage your data so you can take advantage of these savings.

GHX helps you tackle:

Inaccurate item master data: Reduce billing and product coding errors with the ability to quickly and conveniently send item master and purchase order history through the cleansing process.

Misaligned, inconsistent product descriptions: Achieve significant savings from reduced errors, lower costs from better contract alignment and improved revenues through the use of more accurate, up-to-date data in your materials system.

Amount of time required for managing product and price changes: Identify data errors and reimbursable products, and reduce the time it takes to map codes such as Healthcare Common Procedure Coding System (HCPCS).

Delivering real value to customers
Hackensack University Medical Center worked with GHX on a multi-faceted approach to cost containment that enabled it to bring 80 to 90 percent of its spend and 50 percent of the items in its item master under contract. How can we help you?

"Claims sail through now with nobody looking at them, and all charges have the correct revenue and HCPCS codes and are updated as changes are made."

— Karl Blomback, Vice President, Finance, Hackensack University Medical Center

Healthcare provider challenges		Manufacturer and distributor challenges		Industry challenges

Off-contract, maverick spend Contract overpayments Financial non-compliance Trading partner connections Low contract compliance Inaccurate item master data Price inaccuracy; price validation Invoice exceptions	Misaligned contracts Manual contract reconciliation Non-file spend Slow invoice approval, late payments Contract underutilization Invoice-to-order discrepancies Misaligned product descriptions Inability to generate EDI	High order error rates Costly inventory audits Increasing DSOs Visibility to revenue growth path Unconsolidated order channels Rebate / chargeback discrepancies Lack of competitive intelligence Conformance with global standards	Manual order processing Error-prone invoicing Limited price exception visibility Recalled field inventory Lost/expired field inventory Incorrect commission payments Unconsolidated MDM processes	Healthcare reform Escalating supply chain costs Technology adoption Supplier-provider collaboration Global standards adoption

NuVia Supply Chain Data Management
GHX created a tool called NuVia to help organizations attain one of the most fundamental requirements for successful healthcare supply chain management―supply chain data management. Clean and current data optimizes the benefits of supply chain automation. Healthcare’s dynamic environment requires a data management strategy that is inclusive of all constituents—from supplier to patient. Without clean data all supply chain functions are compromised.

Professionals in hospital supply chain management face a daunting task with regards to data. Among the many supply chain strategies employed at an organization, healthcare data management software is one of the most important. Thanks to new technologies, healthcare provider solutions now simplify the way organizations manage supply chain data resulting in significant savings from reduced errors, lower costs from better contract alignment and improved revenues.

Healthcare Data Management Software for Supply Chain Automation with GS1 Standards
Supply chain management software is also tremendously valuable to organizations implementing supply chain standards. With increases in business process automation and advancements in technology, the common use of global standards between trading partners is gaining momentum.

The healthcare industry is showing significant market movement toward GS1 standards globally. Adoption of GS1 standards involves assigning GS1 Global Trade Identification Numbers (GTINs) to products and Global Location Numbers (GLNs) to specific organizations and ship-to locations. Incorporating this data into the supply chain can have a profound impact on an organization.

GHX is a Healthcare Supply Chain Management firm. Our main offerings include: Supply Chain Technology, Healthcare Provider Solutions, Healthcare Supplier Solutions, Healthcare Management Software and Healthcare Business Consulting for Reducing Healthcare Costs.

Common Tags: GS1 Healthcare Standards, Supply Chain Automation and Management Software, Supply Chain Standards and Strategies, Hospital Supply Chain Management, Healthcare Data Management Software, Manage Supply Chain Data, Data Supply Chain, Healthcare Provider Solutions

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