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Gaining Visibility and Control Over Purchases of Medical Devices is the Focus of a GHX Presentation at Premier Annual Breakthroughs Conference and Exhibition
Date:6/3/2010

LOUISVILLE, Colo., June 3 /PRNewswire/ -- Gaining greater visibility and control over the purchase of higher cost medical devices will be the topic of a breakout session presented by GHX at the upcoming Premier Annual Breakthroughs Conference and Exhibition. Corey Smith, executive director of provider market development for GHX, will lead the session, entitled "Your Mission: To Reduce Costs. Your Challenge: Control!" at 1:00 p.m. on Tuesday, June 8, at the Gaylord National Hotel and Convention Center in National Harbor, Md.

Purchases of physician preference items (PPI) such as orthopedic implants, cardiac stents, pacemakers and other advanced medical devices can account for up to 60 percent of an average hospital's supply costs and are estimated to be growing at a compounded average rate of 17 percent. These items create challenges when processed as consignment, bill-only orders outside of the standard purchasing process. With a lack of visibility into these purchases, providers often have little control over which items are purchased and whether or not they are purchased at the correct contract prices.

Smith will co-present with a representative from an award-winning provider organization who will describe how healthcare organizations are leveraging GHX Procurement Suite to gain visibility into PPI purchases, enforce contract pricing and help ensure they are buying only those products that have been approved for purchase.

The GHX Procurement Suite spend management solution enables healthcare providers to achieve control over non-file, off-contract spending, including PPI purchases. With Procurement Suite, providers can seamlessly access GHX-validated product and contract data repositories through their materials management in
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