The Healthcare Hub

GHX provides a wide range of perspectives on how greater collaboration and visibility across the supply chain can improve both clinical and financial performance in healthcare.

Healthcare Provider and Supplier Collaboration: Unlocking Better Care

Thursday, May 16, 2024

Collaboration between healthcare providers and suppliers can unlock untapped opportunities to increase supply chain efficiency and lower the cost of doing business while supporting the overall goal of patient care. Keep reading to find out how an aligned vision, collaborative decision-making and shared best practices can benefit all parties involved, and discover real-world success stories of provider-supplier collaboration in action.

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Transforming Healthcare Supply Chains with Cloud-Based Solutions

Thursday, May 9, 2024

70% of health systems are likely to have adopted a cloud-based approach to supply chain management by 2026. Why the rapid pace to cloud integration? What steps must supply chain teams do to prepare for SCM cloud computing? What are some common cloud integration challenges?And what benefits can they derive from cloud integration solution deployment? We explore the answers to these questions and offer real-world cloud integration success stories from U.S. health systems and hospitals in this post.

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Best Practices for Healthcare Supply Chain Optimization

Thursday, April 18, 2024

In today's complex healthcare environment, mastering supply chain management is crucial for operational excellence and enhanced patient care. This article outlines key strategies and actionable tips that can help providers address healthcare supply chain issues.

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How GHX ePay Optimizes and Streamlines Payment Processes

Monday, April 15, 2024

In the dynamic landscape of healthcare payments, transitioning to efficient and secure processes is essential. GHX ePay represents a forward step, simplifying transactions between providers and suppliers. This electronic payment system supports provider organizations in their quest for improved operational efficiency and financial management, facilitating smoother, more secure payments to their suppliers.

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Supply Chain Issues in Healthcare and How to Mitigate Them

Wednesday, March 20, 2024

From product shortages to logistical challenges, healthcare organizations must navigate a complex web of suppliers, distributors and regulatory bodies to ensure they have the necessary resources to provide high-quality care. Identifying and addressing supply chain issues in healthcare can provide organizations with opportunities to improve the patient experience and achieve cost optimization.

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How to Use Data and Analytics to Optimize Healthcare Supply Chains

Monday, March 18, 2024

Measuring performance in supply chains today is overwhelming given the vast quantities of supply data generated by (IT) information technology solutions - from raw materials to customer data. But effective data visualization and the application of advanced analytics is critical in the transition from a reactive supply chain to one that predicts potential changes and acts accordingly to negate negative impacts and drive positive outcomes.

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The Importance of Healthcare Value Analysis: A Comprehensive Guide

Monday, March 11, 2024

How important is value analysis to your health care organization, its financial viability and its patient outcomes? In today's environment of cost cutting pressures, value-based care, a push for evidence based practice, and demands to enhance the patient experience, the value analysis process is something supply chain leaders can't ignore.

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How to Achieve Sustainable Healthcare Supply Chain Management

Thursday, February 29, 2024

While the primary goal of health systems and hospitals is to heal patients, healthcare organizations do much to harm the environment. The many components that go into care delivery (e.g., buildings/infrastructure, equipment/instruments/supplies, logistics/transportation) result in substantial energy consumption, greenhouse gas emissions, and waste.

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How to Measure Healthcare Supply Chain Management Initiatives

Thursday, February 29, 2024

Harnessing the power of advanced analytics and real-time data, healthcare supply chain management has evolved to prioritize process automation and digital integration. With a myriad of metrics available, healthcare providers can acquire actionable insights to drive decision-making.

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Supply Chain Priorities for High-Reliability Organizations in Healthcare

Friday, January 26, 2024

In today’s healthcare landscape, hospital leaders must actively seek innovative approaches to enhance financial performance by minimizing costs and reducing waste. Adopting a high-reliability mindset in supply chain operations is emerging as a strategy for ensuring long-term financial health and supporting Cost, Quality, and Outcomes (CQO) initiatives.

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Top 10 Healthcare Supply Chain Trends to Watch in 2024

Tuesday, January 2, 2024

Healthcare delivery is rapidly evolving, and the supply chain operations integral to this sector are transforming at an equally dynamic pace. The complexities of modern healthcare, compounded by unprecedented global challenges, have brought supply chain management to the forefront of industry priorities.

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Health Equity: What Role Does Healthcare Supply Chain Play?

Thursday, December 7, 2023

Achieving the goal of health equity, which the U.S. Centers for Disease Control and Prevention (CDC) defines as “the state in which everyone has a fair and just opportunity to attain their highest level of health,” seems insurmountable given the vast disparities in healthcare delivery today and challenges that must be overcome.

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Healthcare Merger And Acquisitions Guide

Tuesday, November 28, 2023

For health systems and hospitals, mergers and acquisitions (M&A) and other partnerships present opportunities to consolidate and maximize resources, scale operations, expand service lines, broaden reach into other markets, and better compete for healthcare consumers.

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How to Reduce Hospital Waste: Cost-Saving Strategies for Healthcare

Friday, November 3, 2023

Healthcare waste has a significant impact on the environment, human lives, and healthcare costs. Let's take a look at common categories of health care waste, the benefits of medical waste management and reduction, strategies for waste minimization, and and success stories from health care facilities that have reduced their waste generated.

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4 Ways Directed Buying Can Help You Achieve Your ESG Goals

Tuesday, October 24, 2023

Your health system or hospital leaders have set environmental, social, and governance (ESG) goals for your organization. It’s easy to say at a high level, “these are our priorities,” but how do you take steps to achieve them and demonstrate your impact? 

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How a Virtual Item Master Can Modernize Government Healthcare

Thursday, October 19, 2023

From enhancing visibility of the contract portfolio to reshaping purchasing strategies and decision-making, explore how the virtual item master (VIM) can help modernize the government healthcare supply chain in terms of value, accuracy and strategic advantage. 

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Shaping Demand to Drive Government Contract Compliance & Utilization

Tuesday, October 17, 2023

Directing spend toward preferred sources plays a pivotal role in enabling healthcare supply chains to respond swiftly to shifts in demand, shortages and disruptions. This article discusses how shaping demand at the point of requisition can help increase government healthcare contract compliance and utilization.

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Acquisition Modernization: Operationalizing the Contract to Transform Healthcare Supply Chain

Friday, October 13, 2023

In the healthcare sector, the supply chain stands as a pivotal component for ensuring efficiency, cost-effectiveness and innovation. In this article, government healthcare supply chain expert, Ted Dagnal, discusses how operationalizing contracts can modernize acquisition, highlighting challenges and underscoring its transformative potential for the healthcare supply chain.

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Top 7 Hospital Inventory Best Practices

Thursday, September 14, 2023

Hospitals and other healthcare facilities rely on a vast array of medical equipment and supplies to provide high-quality care to patients. In the fast-paced and dynamic healthcare industry, managing inventory effectively plays a pivotal role in ensuring smooth supply chain operations, cost savings and optimal patient care.

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GHX Marketplace Mobile Edition: Moving Beyond the Four Walls of Healthcare Supply Chain

Wednesday, August 23, 2023

Ordering supplies is an in-person task that has long been conducted within the confines of the hospital. But as the healthcare industry copes with unprecedent rates of burnout and staff resignation, it’s become increasingly important to provide healthcare worker with options that alleviate unnecessary burden whether or not they’re in a typical hospital setting.

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5 Reasons Health Systems Leverage GHX Marketplace for CQO Initiatives

Wednesday, August 23, 2023

The tenets of the Cost, Quality and Outcomes (CQO) Movement have been gaining traction in the healthcare industry in recent years. “Cost” refers to all expenses involved in caring for individuals or communities, while “quality” is care aimed at achieving the best possible health, and “outcomes” refers to the financial results driven by high-quality patient outcomes.

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Driving Compliance through Directed Buying in Healthcare Supply Chains

Wednesday, August 23, 2023

For today’s healthcare supply chain professional, procurement pathways are as complex as the large health system’s service delivery models are varied. As a result, there are multiple requesting locations, served by different inventory locations and distribution channels, covering an always increasing number of contract items and prices.

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Understanding Safety Stock in Supply Chain Management

Tuesday, August 8, 2023

Healthcare inventory management strategies have shifted over the decades from "just-in-case inventory" to "just-in-time inventory" to now perhaps something in the middle given the ongoing supply chain disruptions and shortages of medical supplies and pharmaceuticals.

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Mastering Inventory Management in Healthcare Supply Chains

Monday, July 31, 2023

Healthcare inventory management in hospitals, and supply chain in general, has grown in importance as hospital administrators and medical personnel better understand the critical role of medical supplies to their costs, patient care quality and overall financial outcomes.

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Understanding the Role of Supply Chain Management in Healthcare

Wednesday, July 26, 2023

Regulatory agencies, health system leaders, healthcare providers, patients and other stakeholders recognize the importance of supply chain management in healthcare and quality patient care, particularly given recent shortages in critical supplies and the impact on healthcare services.

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Survey Finds Hospital Staffing and Security Top of Mind for American Consumers

Wednesday, July 26, 2023

Concerns abound around clinical staffing shortages and the safety of U.S. hospitals. In a survey of 2,000 U.S. adults commissioned by GHX and fielded by Regina Corso Consulting, four in five (81%) Americans say there is a staffing issue in hospitals today, with nearly half of respondents (49%) saying they are likely to avoid going to a hospital because of staffing shortages. 

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Healthcare Industry Violence: Causes, Impact and Prevention

Wednesday, July 5, 2023

Workplace violence in the healthcare industry can have far-reaching consequences. The negative effects of violence, whether emotional or physical, extend beyond the individuals directly involved and can influence patient care and satisfaction, as well as safety, quality and staff turnover.

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Understanding Clinical Integration in the Healthcare Supply Chain

Wednesday, June 28, 2023

Clinical integration for healthcare supply chains is gaining in importance as hospitals seek to control costs and improve patient outcomes. This approach goes beyond the initial price tag and takes into account factors such as patient experience and outcomes, clinician involvement and the availability of data used to inform supply decisions.

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Digital Transformation: What's Next For Healthcare Supply Chains?

Thursday, June 22, 2023

Digital transformation is changing the landscape of healthcare supply chains, delivering efficiency gains and improvements that translate into better patient care. Providers are increasingly embracing cloud-based Enterprise Resource Planning (ERP) systems and automation, strategies that overcome traditional roadblocks and streamline operations.  

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Item Master Data in Healthcare: Best Practices and Common Problems

Wednesday, June 14, 2023

Item master data serves as the backbone of a hospital's supply chain and ensuring the accuracy, timeliness, and completeness of this data is paramount for achieving the "perfect order" in healthcare delivery. However, managing item master data is challenging due to the sheer volume of information, ever-changing data inputs and the need for coordination among multiple parties.

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Healthcare Change Management: Strategies for Success

Thursday, May 25, 2023

Healthcare providers continue to navigate a host of challenges from rising costs to chronic labor shortages as the entire healthcare industry undergoes fundamental change. Increasing costs, an aging population and the instability of government payer programs, combined with growing consumer needs, are driving unprecedented industry change that will have a major impact on health systems and hospitals.

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Streamline Healthcare Supply Chains with Strategic Sourcing

Thursday, May 11, 2023

The convergence of myriad factors has driven healthcare organizations to adopt an approach to strategic sourcing. The broadening scope of value-based care and payments necessitate organizations demonstrate how they are delivering value to patients and payers - high quality outcomes in a cost-effective manner. 

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Helping Healthcare Supply Chain Adapt for a Modern World

  • Chief Corporate Development Officer, GHX Rob Alcock, Chief Corporate Development Officer, GHX
Wednesday, April 26, 2023

As healthcare systems continue to be challenged with talent shortages, margin pressures, and supply chain disruptions, more and more organizations are carrying out a digital transformation with a shift to cloud-based ERP systems. However, this is a relatively new concept in healthcare business and many technology partners just don’t have the healthcare supply chain experience required to support the mission.

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