Your supply chain is your second largest and fastest growing expense—only labor is costing you more. And it’s complex. You see, the supply chain isn’t just about ordering electronically. It’s about matching contract pricing to order pricing; it’s about keeping your data item master clean and current; and it’s about validating that product and trading partner information is accurate.
GHX provider solutions not only automate ordering, they automate the process of maintaining the critical data that efficient ordering depends on. That’s where the savings come in. When your data is accurate, when processes are highly automated, when efficiencies are optimized, you can reclaim up to 12% of your supply chain costs.
You’re the experts at delivering patient care. We’re the experts at optimizing the healthcare supply chain. Stay focused on what you do best—let GHX help take the complexity out of your supply chain.
Organizations who buy and sell medical products—hospitals, or "providers", and the companies they purchase supplies from, or “suppliers”—have experienced a dramatic supply chain management transformation since the inception of healthcare e-commerce at the turn of the century. When the GHX trading exchange opened in 2000, healthcare was desperate for a better, more efficient and effective way of doing business. Today, technology enables a high degree of supply chain automation, and the benefits for materials management in healthcare have been and will continue to be far-reaching. With e-commerce and technology, healthcare organizations will continue to embrace and adopt more efficient business processes, positively impacting revenue cycles and reducing operating costs.
As healthcare organizations continue to embrace best technologies, new solutions emerge for this industry that has historically been plagued by manual, inefficient and costly challenges. Additionally, with automation the door opens to something obtainable only in limited ways before—data. E-commerce enables healthcare systems to collect data that will shed light process inefficiencies, guiding us to focus attention on problem areas of our supply chain. As a result, services across healthcare organizations—from procurement to invoicing to inventory and everything in between—will advance the industry in ways we only dreamt of a decade ago.