Procurement  Suite

Reign in Maverick Spending, Reduce Supply Spend by up to 12%

When it comes to purchasing, most hospitals still rely on disparate systems, disconnected business processes and inaccurate, unreliable data. Thankfully, there’s a better way. GHX Procurement Suite creates process efficiencies and drives contract compliance, which may result in up to a 12 percent reduction in supply spend. You can improve visibility, take control of spend and achieve estimated savings of up to 20 percent of total requisitioner full-time equivalent cost.

It starts with up-to-date, accurate data

Procurement Suite leverages one of the industry’s most accurate content management platforms from GHX, contract optimization capabilities, and connectivity to manufacturers and distributors. At the heart of the solution is more accurate, up-to-date product and pricing data that helps improve contract compliance and reporting. Clearer descriptions enable buyers to quickly find what they need. Plus, Procurement Suite gives you visibility and transparency into overall supply spend, making it easy to identify non-file and off-contract purchases and bring products on-contract if desired.

Procurement Suite

Procurement Suite

Procurement Suite helps healthcare providers realize a 12% return on med-surg spend by capturing and managing off-contract purchases, automating procurement and leveraging continuously updated, accurate contract data.

Features

  • One of the industry's most accurate content management platforms
  • Capabilities to easily identify off-contract spend
  • Connectivity to manufacturers and distributors
  • Content that is continually cleansed and normalized
  • Three-tiered product search: Item master, group purchasing organization (GPO) contract, GHX Catalog
  • Reporting tools that provide visibility into spend

Benefits

  • Gain control over spend — even outside materials management
  • Fully leverage contracts for all available savings
  • Increase contract compliance
  • Convert non-file spend to contract spend
  • Help ensure price accuracy
  • Dynamically access and manage product information

Video

Are Your Requisitioners Complying with Your Formulary?

Case Study

HSHS Drives On-File and On-Contract Spend with Procurement Suite

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