A new year brings new beginnings. And for the Association for Healthcare Resource & Materials Management (AHRMM) that means welcoming GHX’s Karen Conway as national chair of the supply chain-focused organization, which is part of the American Hospital Association.
The Office for Civil Rights (OCR) defines business associate as “a person or entity that performs certain functions or activities that involve the use or disclosure of protected health information on behalf of, or provides services to, a covered entity.” If you fall into this category, this blog post is for you.
Healthcare organizations have traditionally worked to limit the product data held in item masters to the products used most commonly. Today, with expanded use of electronic health records, the item master is becoming more of a strategic asset and the single source of truth for item information in multiple systems. This evolution suggests that the item master may become more valuable by extending item data beyond routine stock and products.
For hospitals and health systems today, it’s not a matter of WILL my organization get targeted by hackers but WHEN. Nearly 90 percent of healthcare organizations surveyed by the Ponemon Institute for its Sixth Annual Benchmark Study on Privacy & Security of Healthcare Data experienced a data breach in the past two years, and nearly half (45 percent), had more than five data breaches in the same time period.1
What makes an award winning healthcare supply chain? Gartner described it as a “company that demonstrates leadership in improving human life at sustainable costs” when it recently announced its Healthcare Supply Chain Top 25 rankings for 2016. See the complete list here.
As it turns out, 22 of the 25 companies that made the list also happen to be GHX customers. In agreement with Gartner, GHX recognizes that supply chain capabilities are directly related to quality healthcare and better outcomes for patients. GHX honors healthcare providers and suppliers with a variety of awards at the annual Healthcare Supply Chain Summit. This year’s top performing and most forward-thinking organizations and individuals will be recognized for their commitment to healthcare supply chain excellence at the GHXcellence Awards Banquet.
Award winners take the bold steps to move from visionary to reality building efficient, cost-effective healthcare supply chains. Hear how these organizations achieved the milestones that led to GHXcellence when you attend the 2017 GHX Healthcare Supply Chain Summit.
Healthcare mergers and acquisitions caught fire in 2015 and are predicted to continue the trend. As noted in the recent article Hospital M&A is Heating Up co-authored by myself and Mike Gillespie, global management consulting firm Accenture forecasts acquisitions of non-acute providers to reach 84 percent of total acquisition volume by 2018. The M&A activity is fueled by efforts to cut cost, increase quality and gain economies of scale needed to survive in a value-based reimbursement environment. However, these goals may be compromised when provider organizations aren’t preparing adequately for the integration of technology systems and data that will impact clinical, business and financial performance.