Healthcare Matters https://hcmatters.com Procurement and Sourcing in Healthcare Tue, 06 Jun 2017 13:26:19 +0000 en-US hourly 1 46169389 GHX Research Reveals Improving Healthcare Order-to-Cash Cycle Time is Top Financial Priority Among Suppliers https://hcmatters.com/2017/06/ghx-research-reveals-improving-healthcare-order-cash-cycle-time-top-financial-priority-among-suppliers/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/06/ghx-research-reveals-improving-healthcare-order-cash-cycle-time-top-financial-priority-among-suppliers/#respond Tue, 06 Jun 2017 13:26:19 +0000 https://hcmatters.com/?p=14978

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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Research on healthcare suppliers’ cash and working capital issues reveals challenges and opportunities to drive performance through automation Louisville, CO – Tuesday, June 06, 2017 – Cash and working capital improvement will be critical to success in the year ahead and improvements in order-to-cash cycle time is the priority according to new research announced by Global Healthcare Exchange, LLC (GHX). The GHX-commissioned Institutional Investor market report “Driving Performance Through Automation,” based on a survey of 100 financial executives from healthcare suppliers, reports that 88 percent of executives say pressure to improve cash and working capital performance will increase in the coming year. […]

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Vote for Soliant Health’s 2017 Most Beautiful Hospitals in the U.S. https://hcmatters.com/2017/06/vote-soliant-healths-2017-beautiful-hospitals-u-s/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/06/vote-soliant-healths-2017-beautiful-hospitals-u-s/#respond Mon, 05 Jun 2017 12:15:05 +0000 https://hcmatters.com/?p=14975

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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Soliant Health, a leading specialty healthcare staffing provider is now accepting votes for its ninth annual Most Beautiful Hospitals in the U.S. contest. Up until June 23, Soliant is accepting votes for its 2017 Most Beautiful Hospitals in the U.S. contest on mostbeautifulhospitals.com. Voters are encouraged to vote as many times as they can over this 4-week voting period. There is no limit on how many votes an individual can cast per day up until the voting period closes on June 23. Winners will be announced on June 26. “Doctor’s Memorial Hospital, our 2016 winner, showed us that smaller critical […]

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GHX Receives Major Investment from Temasek –Thoma Bravo Retains Minority Interest https://hcmatters.com/2017/05/ghx-receives-major-investment-temasek-thoma-bravo-retains-minority-interest/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/05/ghx-receives-major-investment-temasek-thoma-bravo-retains-minority-interest/#respond Wed, 17 May 2017 16:34:53 +0000 https://hcmatters.com/?p=14969

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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Temasek Acquires Majority Stake While Existing Owner, Thoma Bravo, Retains Minority Interest San Francisco and Louisville, Colo. – May 17, 2017 – Global Healthcare Exchange, LLC (GHX) has entered into a definitive agreement with Temasek, an investment company headquartered in Singapore, for a significant equity investment in the company. As part of the agreement, Thoma Bravo, a leading private equity firm that acquired GHX in 2014, will retain a minority position. Financial details were not disclosed. The current GHX senior management team will continue to lead the company. “GHX maintains a strong position in North America and Europe with solutions […]

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New Custom Contract Authoring Features Further Improves aptitude’s Speed to Value https://hcmatters.com/2017/04/new-custom-contract-authoring-features-improves-aptitudes-speed-value/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/new-custom-contract-authoring-features-improves-aptitudes-speed-value/#respond Wed, 26 Apr 2017 15:44:26 +0000 http://hcmatters.com/?p=14959

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology, Uncategorized

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IRVING, Texas, April 26, 2017 /PRNewswire/ — The healthcare supply chain continues to be a driver of cost reduction initiatives for both providers and suppliers.  And while flexibility has always been an essential element in establishing strategic partnerships, aptitude LLC has introduced capabilities that allow both parties to create and execute custom agreements faster, which helps accelerate speed to value. Now healthcare organizations can approach their self-contracting strategy by product category, healthcare supplier, or subcategory – resulting in complete customization.  This delivers extraordinary value by allowing providers and suppliers the opportunity to streamline the process and tailor options to align […]

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Prodigo-ECRI Institute Partnership Raises the Recall Management Bar https://hcmatters.com/2017/04/prodigo-ecri-institute-partnership-raises-recall-management-bar/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/prodigo-ecri-institute-partnership-raises-recall-management-bar/#respond Tue, 18 Apr 2017 14:17:38 +0000 http://hcmatters.com/?p=14955

Categories: advanced analytics in healthcare, Affordable Care Act, General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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Pittsburgh’s Prodigo Solutions and the ECRI Institute have announced a content partnership that will change the recall management game for health systems. In real time, the resulting integrated solution will alert buyers, including clinicians, to products posing patient safety risks prior to purchase and/or at the Point of Sale or Point of Service (POS) –which is where it needs to happen. ECRI’s product recall database is the standard bearer in healthcare. And Prodigo is integrating it in a fashion that will keep its Marketplace users and related systems informed and updated. That includes any/all requisitioners, inventory managers, department heads, nursing […]

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ECRI Names 2017 SCM Winners https://hcmatters.com/2017/04/ecri-names-2017-scm-winners/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/ecri-names-2017-scm-winners/#respond Mon, 17 Apr 2017 15:52:41 +0000 http://hcmatters.com/?p=14952

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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ECRI Institute is proud to announce the winners of its sixth annual Healthcare Supply Chain Achievement Award. The prestigious award honors healthcare organizations that demonstrate excellence in overall spend management and in adopting best practice solutions in their supply chain processes. The winners of ECRI Institute’s 2017 Healthcare Supply Chain Achievement Award are: Boston Children’s Hospital─Boston, MA Greenville Health System─Greenville, SC Huntington Hospital─Pasadena, CA Inova Health System─Falls Church, VA Jefferson Health─Philadelphia, PA MaineHealth─Portland, ME Mercy Medical Center, Cedar Rapids─Cedar Rapids, IA UAB Medicine─Birmingham, AL UC Health─Oakland, CA University of Maryland Medical System─Baltimore, MD WellStar Health System─Marietta, GA ECRI Institute is proud […]

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GHX Business Intelligence Solution Delivers Critical Visibility into Supply Chain Operational and Financial Performance https://hcmatters.com/2017/04/ghx-business-intelligence-solution-delivers-critical-visibility-supply-chain-operational-financial-performance/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/ghx-business-intelligence-solution-delivers-critical-visibility-supply-chain-operational-financial-performance/#respond Wed, 12 Apr 2017 15:02:36 +0000 http://hcmatters.com/?p=14948

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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LOUISVILLE, Colo. – April 12, 2017 – Global Healthcare Exchange, LLC (GHX) today announced its redesigned cloud-based business intelligence application, Provider Intelligence. The new solution provides enhanced visibility into healthcare providers’ operational and financial performance based on information from multiple sources and continues GHX’s strategy of driving more value through its CoreX platform. Provider Intelligence was redesigned to provide healthcare organizations better access to critical supply chain metrics using data from GHX solutions as well as the hospital’s ERP system. The new Provider Intelligence assembles a provider’s data and delivers it via interactive charts through GHX CoreX, the platform where more than 14,000 healthcare provider […]

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Coupa Acquires Trade Extensions –Initial Thoughts https://hcmatters.com/2017/04/coupa-acquires-trade-extensions-initial-thoughts/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/coupa-acquires-trade-extensions-initial-thoughts/#respond Mon, 10 Apr 2017 14:53:28 +0000 http://hcmatters.com/?p=14941

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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As covered by Jason Busch in Spend Matters, Coupa’s acquisition of Uppsala-based sourcing optimization leader Trade Extensions (TE) is significant. He calls it a “game changer.” And along with others who know sourcing optimization and appreciate the company’s undisputed leadership, I wholeheartedly agree. Coupa made a very smart, strategic move. Some Background Go ahead and name the largest, most sophisticated CPG companies –those known to have the best managed supply chains on the planet– and know that for more than a decade, many of them have quietly relied on TE to source their most difficult areas of spend (e.g. direct […]

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Vizient Recognizes Five Member Hospitals with Supply Chain Awards at 2017 Connections Summit https://hcmatters.com/2017/04/vizient-recognizes-five-member-hospitals-supply-chain-awards-2017-connections-summit/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/vizient-recognizes-five-member-hospitals-supply-chain-awards-2017-connections-summit/#respond Fri, 07 Apr 2017 12:39:05 +0000 http://hcmatters.com/?p=14937

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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At this year’s Connections Summit in Las Vegas, Vizient recognized five member hospitals that lowered their cost of care and generally improved their supply chain operations over the course of 2016.“The five hospitals recognized represent the highest-performing supply chains in our membership. These supply chain leaders, along with their dedicated staff and the executives who champion this important work, are mapping new paths to lowering the cost of care while maintaining high patient satisfaction,” said Jody Hatcher, president, sourcing and collaboration services for Vizient. “The dedication to performance improvement by leveraging all available services and solutions is required in order […]

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New GHX Managed Services Offering Helps Healthcare Significantly Reduce Costly Contract Price Exceptions https://hcmatters.com/2017/04/new-ghx-managed-services-offering-helps-healthcare-significantly-reduce-costly-contract-price-exceptions/#utm_source=rss&utm_medium=rss https://hcmatters.com/2017/04/new-ghx-managed-services-offering-helps-healthcare-significantly-reduce-costly-contract-price-exceptions/#respond Wed, 05 Apr 2017 15:12:41 +0000 http://hcmatters.com/?p=14934

Categories: General News and Commentary, government policy, Healthcare Providers, Intermediaries/GPOs +, Procurement, Supply Chain tool vendors, Supply Chains, Technology

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LOUISVILLE, Colo. – April 3, 2017 – Global Healthcare Exchange, LLC (GHX) today announced GHX Managed Services, a new suite of technology and services to help healthcare providers and suppliers improve supply chain automation and drive contract compliance.   The first service introduced is Price Synchronization (Price Sync) Managed Service which facilitates contract price alignment among trading partners and helps healthcare providers transact more accurately. Through increased contract compliance and reduced transactional reconciliation, customers can save up to 1.5 percent of contracted spend. GHX Managed Services verifies that all contracts are loaded electronically into the GHX Exchange, matched with the hospital’s item master, and price […]

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