The Healthcare Hub

GHX Customers Fill the U.S. News Best Hospitals Honor Roll - What the Leaders Know About Supply Chain Metrics

posted by: Cheryl Flury
Monday, July 22, 2013

U.S. News recently announced their listing of the Best Hospitals for 2013 - 2014, including an Honor Roll of the 18 hospitals that scored at the top in at least six out of 16 specialties. First of all, we are proud to say that all of the hospitals on the Honor Roll are GHX customers. Of course, there are many factors that make a hospital great, including its physicians, nurses, administrative staff and processes. But, we also don't think it's a coincidence that all of these organizations have also paid special attention to the supply chain and the opportunities for automation and cost savings that come along with it.

So what do those on the Honor Roll, and all great hospitals, know about their supply chains that other organizations don't? It's all about metrics. Hospitals with the most streamlined and efficient supply chains know what metrics to focus on to measure real change. These include:

  • Percentage of Electronic Data Capture
  • Inventory
  • Cost Per Procedure
  • Metrics for High-Dollar Products
  • Percentage of Products with Standard Identifiers

For more details on these metrics, check our Karen Conway's recent conversation with Healthcare Finance News: 5 supply chain metrics you need to watch

Congratulations to all of the hospitals named to this year's Best Hospitals list. As excellence in not only patient care but the business of healthcare becomes a growing priority, we are happy to see that so many GHX customers are consistently featured as being top of their class and leading our industry into the next phase of its evolution.