GHX helps automate the purchasing process so you can work smarter—not harder. Through a single electronic data interchange (EDI) connection to more than 400 healthcare suppliers, you can work electronically with your trading partners regardless of how they receive orders. Not only can you reduce costs and errors, you'll have enhanced visibility into the order process.

It's time to rethink your supply chain
The healthcare industry is in a tough spot: rising costs and shrinking reimbursements are making it harder than ever to stay afloat. Something’s got to give, and it’s certainly not going to be your mission to consistently deliver high-quality patient care. Now’s the time to rethink the role of the supply chain (your second largest operating expense!) in helping you thrive.

Your supply chain is the perfect target for cost reduction, but you can’t exploit its potential with manual processes and limited visibility. Consider the time and energy your materials management and purchasing departments spend managing orders and resolving exceptions. With GHX, you can save time and money by automating orders and using resources more effectively.

GHX helps you tackle:

Managing trading partner connections: Utilize one connection to connect to trading partners and inform your buyers of order transaction status in real-time.

Inability to generate EDI: Access an efficient, central source to manage your orders and contracts electronically.

Error-prone, manual order processes: View exceptions between orders and vendor acknowledgments, and manage and resolve exceptions before invoices are generated.

Lack of centralized purchasing reporting: Product reports highlight purchasing trends such as purchasing history and on- and off-contract purchasing.

Delivering real value to customers
By automating its supply chain processes with GHX solutions, Woman's Hospital achieved significant, measurable savings and improved processes. How can we help you?

"We [know] that improving supply chain efficiencies through automation and focusing staff’s time on supply contract management [can] have a tremendous impact on our institution’s bottom line.
Our partnership with GHX is helping us achieve this goal."

— Michael K. Maggio, Woman’s Hospital

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

Healthcare Supply Chain Process
Optimization of the healthcare supply chain process is regarded as a crucial component to cost efficient patient care, particularly since the advent of e-commerce which utilizes healthcare electronic data interchange (EDI) and an electronic healthcare exchange. High demand for healthcare supply chain automation spawned the development of many new, powerful healthcare supply chain software tools that help organizations improve supply chain processes. Today, a supply chain system can automate order management, contract management, invoice management and more.

Healthcare supply chain management (SCM) is increasingly able to realize significant savings through automation, eliminating manual, labor-intensive practices. Hospitals can employ a variety of healthcare provider solutions to simplify supply chain operations then reallocate resources towards more strategic initiatives.

Healthcare Contract, Order, Invoice and Inventory Management to Improve Supply Chain Automation

From contracting to purchasing to accounts payable, automation is helping to reduce the cost of delivering healthcare. Technology can streamline a hospital’s supply chain, especially in those areas where costs are particularly difficult to control like supply chain inventory management. At a time when health care reform places new demands an already complex industry, an efficient supply chain is critical and strategic.
Other industries have proven that the supply chain is critical to lowering costs. At a time when it is desperately needed, healthcare is learning how to apply some of those same practices. The results will be a win for all.

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: Health Care Supply Chain Solutions, Healthcare Provider Solutions, Healthcare Supply Chain Automation, Supply Chain Inventory Management, SCM Solution, Healthcare Electronic Data Interchange, Contract Management, Order Management, Invoice Management, Supply Chain System, Healthcare Supply Chain Management, Improve Supply Chain in Healthcare

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