The Healthcare Hub

Top 7 Hospital Inventory Best Practices (2023 Guide)

• Jeff Elmhurst, Inventory Solution Specialist

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.

Automate Bill-Only Implant Orders: Real-World Success Stories

By automating consignment and bill-only implant orders, health systems can drive tight collaboration between hospital staff, physicians and suppliers and transform implant management processes holistically.

Vendor Credentialing in Hospitals: A Guide for Healthcare Industry Representatives (HCIRs)

• Kara L. Nadeau, Healthcare Industry Contributor

Hospital vendor credentialing requirements have grown in scope and complexity, making it more difficult for vendors and their healthcare industry representatives (HCIRs) to attain and maintain compliance with health system credentialing requirements.

Driving Compliance through Directed Buying in Healthcare Supply Chains

• Doug Keverline, Senior Solutions Specialist

5 Reasons Health Systems Leverage GHX Marketplace for CQO Initiatives

• Doug Keverline, Senior Solutions Specialist

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.

Mobile Marketplace: Moving beyond the Four Walls of Healthcare Supply Chain

• Lisa Mendez, Product Management Director

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.

The Vital Role of Supply Chain Management in Modern Healthcare

• Kara L. Nadeau, Healthcare Industry Contributor

The answer to the question - is supply chain management important in healthcare? - has become a resounding yes among all stakeholders, as they recognize its importance in patient care optimization and cost-saving in healthcare delivery.

Understanding Safety Stock in Supply Chain Management

• Kara L. Nadeau, Healthcare Industry Contributor

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.

Healthcare Vendor Credentialing Compliance Practices for Providers

• David Sayers, Vendormate Solution Specialist, GHX

Healthcare leaders need a comprehensive view of vendor credentialing compliance, vulnerabilities and opportunities to help forge a more compliant path forward. Discover helpful steps for hospital vendor credentialing compliance with the GHX 5-Part Framework. 

Mastering Inventory Management in Healthcare Supply Chains

• Jeff Elmhurst, Inventory Solution Specialist

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.

Automated Invoicing And Payments Solutions in Healthcare Supply Chains

• Kara L. Nadeau, Healthcare Industry Contributor

Digitization and automation of healthcare supply chain processes and data is critical to strengthening and streamlining operations, reducing costs and maintaining continuity of care. Learn about the benefits of automated invoicing as part of the digitized procure-to-pay (P2P) continuum.

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

• Kara L. Nadeau, Healthcare Industry Contributor

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. 

Understanding the Role of Supply Chain Management in Healthcare

• Kara L. Nadeau, Healthcare Industry Contributor

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.

Value-Based Care: the Role and Impact of Healthcare Supply Chains

• Kara L. Nadeau, Healthcare Industry Contributor

There is a swift transition to value based models on the commercial payer side as well with alternative payment models growing. According to McKinsey & Company, value based care investment quadrupled during the pandemic. And it is big business.

Healthcare Industry Violence: Causes, Impact and Prevention

• Chris Calderone, Senior Thought Leadership Manager

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.

Optimizing the Order-to-Cash Process in Healthcare Supply Chains

• Kara L. Nadeau, Healthcare Industry Contributor

For decades supply chain business process management has encompassed digitization and automation of electronic data interchange (EDI) transactions from purchase order (PO) through to invoice creation.

Understanding Clinical Integration in the Healthcare Supply Chain

• Kara L. Nadeau, Healthcare Industry Contributor

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.

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

• Kara L. Nadeau, Healthcare Industry Contributor

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.  

Item Master Data in Healthcare: Best Practices and Common Problems

• Kara L. Nadeau, Healthcare Industry Contributor

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.

Healthcare Change Management: Strategies for Success

• Chris Calderone, Senior Thought Leadership Manager

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.