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GHX to Present Strategies to Optimize Procurement, Especially of Physician Preference Items, at Annual AHRMM Conference
Date:7/30/2010

ded average rate of 17 percent, compared to less than 3 percent for commodity items like sutures and gloves.

GHX has also published a new white paper, entitled "Procurement Optimization: A Holistic Approach," which provides a perspective on employing more effective procurement strategies in today's challenging healthcare environment. The white paper provides additional guidance on how to use technology, people and processes to address these challenges. Topics include:

  • Why procurement optimization is important
  • How physician preference item purchases affect the bottom line
  • The five main challenges of procurement optimization
  • How creating a tighter linkage between the revenue cycle and supply chain can lead to real, measurable benefits
  • Four steps to achieve an optimal procurement function

To download a copy of the white paper, go to http://www.ghx.com/tabid/918/Default.aspx, or visit the GHX Booth, #401, at the AHRMM conference.

Procurement processes can also be enhanced through broader adoption and use of industry supply chain standards. GHX will also conduct in-booth sessions on how healthcare organizations can prepare for the pending sunrise dates by which group purchasing organizations and others in the market have called for use of the GS1 standards for location and product identification. The sessions, entitled, "Getting Ready for Sunrise," will be held Tuesday, Aug. 3, at 10 a.m. and 11 a.m. MDT in the GHX booth.

SOURCE GHX
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