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Healthcare Providers Gain Control of Demand Channels With GHX Procurement Suite; 12 Percent Supply Spend Savings Achievable
Date:10/8/2010

s generated while also having a better view into our supply chain," said John Martin, director Hospital Services, Queensway Carleton Hospital, and regional lead for Integrated Supply Services for CHSS. "That will help enable our member hospitals to cut supply chain costs by better managing their supply spend to take advantage of contract pricing. It is a large part of our vision to make our supply chain a strategic asset."

Rammi Gill, executive director of Finance and Procurement at GHX, said the source and quality of the data available through Procurement Suite is the key to achieving the greatest savings. "Unlike any other solution in healthcare, the data presented within Procurement Suite can have enriched, normalized descriptions and UNSPSC categorization," Gill said.

"The GHX content management platform leverages the largest online repository of data, which has been validated by both GHX content experts and healthcare suppliers," he said. "This means it's the most current and accurate source of data available to healthcare providers, driving greater accuracy in the reports generated by Procurement Suite and enabling providers to reduce costs by 12 percent."

* Savings were calculated using a process validated by PRTM, the global management consulting firm that developed a supply chain operations measurement process. Small, medium and large facilities were independently modeled and results showed that no matter the size of the health system, 12 percent savings can be realized.

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 automat
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