Does your organization strive to be the best? Discover best practices used by GHX Best 50 Providers that tackle the challenges they encounter while identifying relevant Key Performance Indicators (KPIs) related to ongoing e-commerce metrics tracking.
Healthcare leaders share how the critical need for accurate data and a source of truth is found through working strategically with GHX drives improved order efficiency, customer service and operational savings for the industry as a whole.
Joe Dudas, Mayo Clinic, and Joe Drozda Jr. MD, Mercy Health, supply chain and clinical leaders, discuss how a broader and more integrated view of product attributes can help providers and suppliers design, market, source, track and research which products deliver the best value for patient care.
Curtis Dudley, vice president of Integrated Business Solutions at ROi, a health care supply chain company founded by Mercy Health System, discusses ROi’s unique supply chain model of “disintermediation,” which enables ROi to track the consumption of supplies in surgical procedures and better manage supplies.
As more and more hospitals begin to discover the benefits of coordinating efforts between supply chain and revenue cycle departments, both in terms of revenue generation and overall efficiencies, even more organizations have yet to identify the true benefit of aligning completely disparate functions in a hospital environment. NuVia, a content cleansing solution, not only assists in “building the bridge” between the item master (IM) and charge description master, it also helps to initiate an invaluable discussion with an immediate impact on cost savings, revenue generation and development of a more cohesive work environment.
GHX Customer, Hunter Chandler (Director of Supply Chain Information Systems at Wake Forest Baptist Health) articulates the importance and the practice of identifying where costs are changing in healthcare supply chain using data intelligence.
A three-page case study describing how Bayhealth is using our content and contract management solutions to drive greater efficiency and accuracy throughout supply chain, financial and clinical processes.
After adding GHX Procurement Suite to its GHX solution set, Berkshire achieved a 99% paperless requisitioning process for non-file and off-contract purchases, enabling the organization to gain visibility across all of its supply spend, avoid maverick purchases and increase contract compliance.
BJC successfully worked with GHX and GS1 Healthcare US to implement use of global industry standards in business transactions with suppliers and other healthcare trading partners. Today, BJC is using GLNs in all of its purchase orders transmitted through the GHX Exchange and
is prepared to transact with GTINs as its vendors enumerate their products with this standard.
A three-page case study demonstrating how Community Medical Centers (CMC), the region’s largest health care provider and private employer in Fresno, utilizes GHX content management and contracting solutions to drive compliance, efficiency and savings to their supply chain operations.
Learn how this Louisiana health system virtually eliminated manual entry of commonly used supplies in the EHR, increased charge capture and revenue, and significantly improved clinician supply documentation at the point of care.
HSHS automated its content and contract management processes using GHX solutions to achieve more on-file and on-contract purchases and with more visibility into overall supply spend. HSHS rose to a 77% contract compliance rate in overall spend and applied UNSPSC to nearly 95% of contracted items. These accomplishments are maintained with only one FTE compared to an industry average of 5 to 6.
Integris engaged with GHX on a master data management and contract management strategy to improve item master data quality and better leverage its negotiated contract prices for product purchases. They achieved an estimated $3M in annual savings through better contract compliance and lower non-file spend, driving down price exceptions by 25 percent and contract exceptions by 65 percent.
Medical University of South Carolina implemented an automated content management solution to establish and maintain item master data integrity and embarked on a concerted effort to increase business process automation and contract compliance, achieving $1 million in cost avoidance, and $370,000 in savings related to contract and tier price compliance in less than 12 months.
With the belief that paying any price for a product other than what has been negotiated with the supplier is a disservice to its customers, the supply chain team at Northern Arizona Healthcare (NAH) engaged in a collaborative effort with its group purchasing organization (GPO), main distributor and GHX to improve contract compliance and order accuracy through process improvements and price validation using GHX solutions. This collaboration enabled the organization to achieve $450,000 in cost avoidance through correct pricing at the point of purchase, an estimated $25,000 in annual savings from DSO reduction, and an additional $132,000 in savings from price change validation.
Platte Valley Medical Center implemented an automated content management solution to cleanse item master data, enrich it with HCPCS codes and UNSPSC, and maintain data integrity over time, driving greater accuracy and efficiency in the patient billing process with improved revenue capture on $1.2 million in reimbursable medical-surgical supply items.
Saint Francis Hospital and Medical Center implemented automated content and contract management solutions to establish and maintain item master data integrity, resulting in an 87% reduction in non-file spend (from $33M to $4.3M), increased contract compliance and greater process efficiency.
GHX supported SAMC's conversion to a new Paragon ERP system and helped transform supply chain processes through a suite of GHX solutions. This helped SAMC increase electronic PO and invoice volume, improve contract pricing accuracy, and gain greater visibility into and control over its procure-to-pay process.
TransForm worked with GHX to significantly increase its volume of EDI transactions, growing its number of electronic
trading partners by 275 percent and transacting 90 percent of medical-surgical purchase order (PO) volume (80% of
total POs) through the GHX Exchange.
UMC Health System engaged GHX Consulting and Managed Services teams in a strategic effort to increase contract compliance, saving the organization $418,000. Additionally, UMC reduced price exceptions, increased contract compliance rates, identified key performance indicators (KPIs) for ongoing tracking and performance improvement, and more.
Wake Forest Baptist Medical Center has improved its operational and financial performance by leveraging automated content and contract management solutions, which are significantly increasing on-file and on-contract purchases while streamlining previously labor-intensive, manual processes.
Hospitals are investing more in value analysis activities as the U.S. healthcare market shifts from volume-based to value-based care. The item master can serve as the source of truth for product data used in value analysis efforts but only if the information contained within is accurate, complete and timely.
This 7-page white paper explores specific activities that increase Cost-to-Serve in healthcare and presents ways in which providers and suppliers can enact change today to increase value and reduce costs through collaboration, citing specific examples from leading provider and supplier organizations.
By cleaning up the item master and maintaining data integrity over time, organizations are turning previously "bad data" into business-critical information that drives greater financial and operational performance.
The complexity of healthcare supply chain data, its standardization and its constant churn present an insurmountable task for most provider organizations. Here explore the unique factors that make healthcare data so difficult to manage and how some forward thinking organizations are overcoming the challenges.
Many healthcare organizations would like to implement a master data management strategy to clean up their item masters, gain visibility into their purchase history and take control of future purchases but don’t
know where to start. Here is a roadmap to a successful master data management strategy, featuring best practices from four organizations that have implemented a strategy and are reaping the benefits.
The complex healthcare environment requires a robust solution going beyond item master maintenance and data cleansing. NuVia offers a new way to manage supply chain data and helps you improve data accuracy, control spend, increase contract compliance and even impact reimbursement revenue.
Quality data sourced from GHX's market-leading content repository is available to clinical teams at the point of use with Clinical ConneXion. One-time supplies and missed charges are reduced, along with clinician frustration, and patient records are more complete.
Health systems can't afford to miss charges. The item data needed in the EHR to support clinical areas is much greater than what is considered best practice for item master management. Clinical ConneXion bridges the gap between supply chain data and clinical needs in the EHR.
Hundreds of healthcare organizations across the country are suffering from an undiagnosed epidemic: data paralysis. Inaccurate or incomplete item master data can cause even the healthiest teams to experience poor visibility into payments, confusion, and an inability to make strategic decisions.