Global Healthcare Exchange (GHX) today shared business highlights from its Cloud portfolio during the first half of the company’s 2022 fiscal year (ended June 30). More than 130 health systems have elected to work with GHX on their cloud migration strategy for supply chain. GHX successfully facilitated more than 80 cloud ERP migrations since 2018 and has been selected to manage more than 50 additional cloud migrations in the next two years.
“Healthcare organizations are moving to the cloud to improve care delivery, minimize the impact of staff vacancies and reduce costs. But experience has shown us that there are several often overlooked areas that can threaten the success of an implementation when not proactively addressed,” said Bruce Johnson, president and CEO, GHX. “To maximize the value of a cloud-based system, it’s imperative to establish a strong data foundation, embrace automation tools like AI and machine learning, keep clinical integration in mind, vet supplier data and add new suppliers and select a solution provider who has a partnership with the ERP to improve integration. When this is done, it can help drive greater collaboration and more dynamic decision making.”
GHX is Leading the Way to the Cloud
As healthcare seeks to become more efficient and resilient, the global cloud ERP market reached $44.83 billion in 2020 and is expected to grow at a CAGR of 15.6% by 2028. In fact, Gartner’s 2021 ERP, Procurement, HCM and Finance Survey found more than 70% of organizations have ERP modernization plans that have already started or will start in the next 12 months, and 16% have already completed the modernization process for one or more ERP applications.
Yet, despite this uptick in adoption, Gartner estimates 20 to 25% of ERP initiatives are considered failures and another 55 to 60% are compromised. Healthcare providers moving to a cloud ERP are increasingly turning to GHX for its data foundation and scalable, interoperable supply chain platform to achieve success with implementing the system and achieving the strategic goals behind the decisions to move to the cloud.
GHX’s Cloud solutions are powered by its unified data core and include:
To learn more about GHX’s suite of Cloud solutions, please visit: https://www.ghx.com/cloud-erp-transformation/
Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX’s suite of world-class, cloud-based supply chain solutions, visit www.ghx.com and The Healthcare Hub.