Healthcare has one of the most important missions of any industry. Yet the financial challenges facing you as a healthcare provider are increasing faster than ever before, threatening your ability to fulfill your mission.

The industry is being affected by declining reimbursements. Products and services are being repriced. Costs are going up and revenue is going down.

What can you do? You can be strategic, you can be efficient and you can do it now. You can work with every single organization that delivers a product or service to you to see where you can increase efficiency and cut costs.

Healthcare provider challenges		Manufacturer and distributor challenges		Industry challenges

Off-contract, maverick spend Contract overpayments Financial non-compliance Trading partner connections Low contract compliance Inaccurate item master data Price inaccuracy; price validation Invoice exceptions	Misaligned contracts Manual contract reconciliation Non-file spend Slow invoice approval, late payments Contract underutilization Invoice-to-order discrepancies Misaligned product descriptions Inability to generate EDI	High order error rates Costly inventory audits Increasing DSOs Visibility to revenue growth path Unconsolidated order channels Rebate / chargeback discrepancies Lack of competitive intelligence Conformance with global standards	Manual order processing Error-prone invoicing Limited price exception visibility Recalled field inventory Lost/expired field inventory Incorrect commission payments Unconsolidated MDM processes	Healthcare reform Escalating supply chain costs Technology adoption Supplier-provider collaboration Global standards adoption

Healthcare Provider Solutions
Healthcare providers―hospitals, acute-care facilities, integrated delivery networks (IDNs), and physician offices―operate in an increasingly complex and challenging business environment, leading more and more organizations to take a closer look at their supply chain, conduct analysis of their processes and find solutions that create a more efficient system while improving patient outcome.

Thanks to advancements in technology, automation of the healthcare supply chain is delivering big benefits. Providers are not just controlling, but significantly reducing, purchasing and operating costs. As this automation continues to build steam, improvements in supply chain management (SCM) will transform the industry as we know it today.

Innovative Tools for Supply Chain Data Management, Automation, Purchasing, Reducing Costs, Controlling Operating Costs, Procurement and More

Providers focused on reducing waste and establishing an operationally excellent system are employing new and innovative tools that can exponentially accelerate the benefits of automation. These tools manage and connect complex processes including procurement, trading partner transactions, inventory management―including the notoriously costly PPI spend, accounts payable and data management. More and more, executive leadership recognizes the strategic role of the supply chain function to their organization and, as a result, is inviting their supply chain leader to serve on the executive team. These supply chain leaders have the ability to work with both their professional care givers and suppliers to make better, data-driven, business decisions.

GHX is a Healthcare Supply Chain Management firm. Our main offerings include: Supply Chain Technology, Healthcare Provider Solutions, Healthcare Supplier Solutions, Healthcare Management Software and Healthcare Business Consulting for Reducing Healthcare Costs.

Common Tags: Healthcare Supply Chain Automation, Supply Chain Data Management, Integrated Supply Chain Management, Supply Chain Process Improvement, Supply Chain Management Procurement, Supply Chain Inventory Management, Health Care Supply Chain Solutions, Benefits of Supply Chain Management, Reducing Healthcare Supply Chain Costs, Controlling Health Care Operating Costs, Purchasing and Supply Chain Management, Healthcare SCM

Expand