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.

Thursday, September 13, 2012

The U.S. News & World Report Best Hospitals’ Honor Roll: Excellence in Patient Care AND the Supply Chain

posted by: Cheryl Flury

With some hospitals, real innovation permeates through different areas of the organization, whether it is clinical, operations or IT. This is the case with U.S. News & World Report’s Best Hospitals’ Honor Roll for 2012-2013, in which 16 of the 17 ranked providers are GHX customers. Not only do these organizations demonstrate excellence in patient care, but they demonstrate innovation with their healthcare supply chains – a critical and often-overlooked component for lowering costs and improving patient care. 

There is no denying the healthcare industry is at a crossroads. Closely watched by the government, regulatory bodies and the general public, organizations are under the gun to significantly reduce the cost of healthcare, all while increasing the quality of patient care. While efficiencies need to be made across the board, many of the country’s leading health organizations have looked internally to their supply chains to make this vision a reality. As the second largest and fastest growing cost for providers today, the supply chain is a strategic asset that can help healthcare trading partners meet operational, clinical and financial goals.

The most forward-thinking organizations have not waited for healthcare reform to pass to start taking active measures to solve the lower-cost/high-quality care equation. Creating a faster, more efficient and more accurate supply chain has the potential to take billions out of the healthcare market (GHX and our customers have already removed $2B+ and counting). The supply chain doesn’t have to be a financial drain on an organization – it can be an invaluable resource to help return this industry to one of long-term, sustainable health.