Navigation Links
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 information system (MMIS) or enterprise resource planning (ERP) system. Users can then search for products they want to order, identify which are on contract and bring those items and their associated contract pricing back into the MMIS/ERP system, helping to ensure they get the right product at the right price. Procurement Suite, used in combination with other GHX solutions, can help hospitals reduce their supply chain costs by up to 5 percent.

GHX, in collaboration with a community of healthcare providers, manufacturers, distributors and group purchasing organizations, has already documented more than $1.3 billion in savings in recent years. With new solutions focused on physician preference items, GHX is on track to cut another $5 billion from the cost of healthcare over the next five years.

About GHX

As the business hub for healthcare, Global Healthcare Exchange, LLC (GHX) enables healthcare providers and suppliers in North America and Europe to reduce costs and improve margins by automating processes, reducing operating expenses and increasing knowledge-based decision making. Products and services include trading partner connectivity, order and contract management and validation, data synchronization, sales force automation and business intelligence. Equity owners of GHX are Abbott Exchange, Inc.; AmerisourceBergen Corp.; Baxter Healthcare Corp.; B. Braun Medical Inc.; BD; Boston Scientific Corp.; Cardinal Health, Inc.; Covidien; C.R. Bard, Inc.; Fisher Scientific International, Inc.; GE Healthcare; HCA; Johnson & Johnson Health Care Systems Inc.; McKesson Corp.; Medtronic USA, Inc.; Owens & Minor; Premier, Inc.; Siemens; University HealthSystem Consortium; and VHA Inc. For more information, visit www.ghx.com.


'/>"/>
SOURCE GHX
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Elekta VMAT Radiation Therapy Rapidly Gaining Users Worldwide as Technique Evolves
2. Gaining Too Much Weight During Pregnancy Nearly Doubles Risk of Having a Heavy Baby
3. Sensitechs Groundbreaking TempTale(R)4 USB Dry Ice Temperature Monitor Provides Fast, Simple, Efficient Cold Chain Visibility
4. CareFusion Launches First Automatic Oxygen Controller to Improve Care for Newborns Needing Mechanical Ventilation
5. Emdeon Recommends Secure Interim Solutions to Avert Delays in the Implementation of ePrescribing of Controlled Substances
6. Home Health Monitoring May Significantly Improve Blood Pressure Control, Kaiser Permanente Study Finds
7. Medco Study: Despite FDA Warnings, Nearly One-Third of Asthma Patients Still Treated with Long-Acting Beta Agonists Without Controller Medications, Increasing Their Risk for Complications and Hospitalizations
8. Waters Corporation and NIBRT Partner to Bring Greater Control and Predictability to Biopharmaceutical Processing
9. Johnson Controls Secures Global Facilities Management Win With GlaxoSmithKline
10. MAQUET Cardiovascular Introduces New VASOSHIELD Pressure Controlling Syringe to Help Preserve Graft Integrity for Coronary Artery Bypass Surgery Patients
11. ECRI Institute(R) Issues Expanded Recommendations for Controlling CT Radiation Dose: Computed Tomography Dose is on the Institutes 2010 List of Top 10 Technology Hazards
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/24/2016)... June 24, 2016  Consumers have taken a ... have placed more emphasis on patient outcomes. ... programs in the pharmaceutical industry have evolved beyond ... pharmaceutical companies are focusing on becoming more patient-oriented ... products and services that improve health. ...
(Date:6/24/2016)... , June 24, 2016   Bay Area ... Network,s Dean Center for Tick Borne Illness ... and Rehabilitation, MIT Hacking Medicine, University of California, ... today announced the five finalists of Lyme ... disease.  More than 100 scientists, clinicians, researchers, entrepreneurs, ...
Breaking Medicine Technology:
(Date:6/24/2016)... ... June 24, 2016 , ... ... Scientific Sessions in Dallas that it will receive two significant new grants to ... came as PHA marked its 25th anniversary by recognizing patients, medical professionals and ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA ... the Road To Recovery® program to drive cancer patients to and from their cancer ... ensure the highest quality of life and ongoing independence. Getting to and from ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented its first-ever ... Medicine conference in Ponte Vedra Beach, FL. The awards honor the outstanding work ... Practice and Pediatric Emergency Medicine Practice. , “With this award, we recognize ...
(Date:6/24/2016)... Maryland (PRWEB) , ... June 24, 2016 , ... ... Angels is actively feeding the Frederick area economy by obtaining investment capital for ... over the past 2½ years that have already resulted in more than a ...
(Date:6/24/2016)... ... 2016 , ... Today, MTI-GlobalStem, a provider of optimized transfection ... to transfect cells, announces its launch of the PluriQ™ G9™ Gene Editing System ... is a complete system for culturing and transfecting human pluripotent stem cells for ...
Breaking Medicine News(10 mins):