Pilot Results Move GHX Closer to Delivery of Healthcare Industry's First Implantable Device Supply Chai... ( LOUISVILLE Colo. Aug. 7 2012 /- ...)

Pilot Results Move GHX Closer to Delivery of Healthcare Industry's First Implantable Device Supply Chain Solution

Date:8/7/2012

LOUISVILLE, Colo., Aug. 7, 2012 /PRNewswire/ -- GHX today announced successful results from its initial implantable device supply chain (IDSC) pilot sites. The company began rolling out the first phase of its pilot program earlier this year with sites including both healthcare provider and manufacturer organizations. Based on its extensive research into implantable device use, GHX believes better management of clinical, operational and financial processes can help increase revenue capture, lower supply chain costs and improve staff productivity to help reduce the estimated $5 billion in annual loss in this market segment, which results from a number of issues including inefficient manual business processes and lost, wasted and expired products.

With the past 12 years dedicated to creating solutions that help automate the medical-surgical supply chain, GHX has worked with both provider and supplier organizations and has unique expertise that can now be applied to the IDSC, leveraging the lessons GHX and its customers have learned as they've worked to drive out billions of dollars of supply chain costs. The first phase of IDSC pilot results confirmed:

Solving problems in purchasing, tracking and using implantable devices requires collaboration among providers and suppliers, as they must work together to address and improve shared processes.
Even basic automation begins to identify process gaps and breakdowns, leading to opportunities for process improvements and greater savings than from just the automation itself.
Clean, accurate and up-to-date item information and the ability to manage accurate pricing are essential to a successful IDSC.

"We knew we wanted to be in the early pilot phase," said Randy Hayas, corporate director, Materials Management at Orlando Health. "The value to Orlando Health in improving the implantable device supply chain was too important
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