|By Business Wire||
|May 6, 2014 08:01 AM EDT||
GHX today announced the winners of its 14th Annual GHXcellence Awards, honoring supply chain leaders that are driving significant savings and efficiency for their organizations, their trading partners and the healthcare industry through automation and best practices. The winners were honored today at the 2014 GHX Healthcare Supply Chain Summit in Philadelphia.
Again this year, GHX recognized an individual supply chain leader for his/her work in improving the business of healthcare with its GHXcellence Leadership Award. GHX also presented one provider and one supplier with its GHXcellence Industry Impact Awards, which acknowledge organizations that have cut healthcare costs through exceptional collaboration with GHX and their business partners, and by working with GHX to automate purchase orders (POs) and invoices, manage contract spend and increase electronic connections to trading partners.
In early 2014, GHX called on its community to submit nominations for the awards and then invited the entire healthcare industry to vote for the winners. This year’s winners are:
GHXcellence Leadership Award: Dale Locklair, vice
president, Procurement and Construction, McLeod Health
From the award nomination, “Locklair has demonstrated an ongoing commitment to making healthcare a better-run industry. Always willing to share his knowledge and lessons learned, he is a recognized leader who has truly made a difference within his organization and has helped other supply chain leaders improve their businesses. Leveraging GHX solutions, Locklair has led his team at McLeod Health on key process changes to improve data accuracy, increase automation, make educated purchasing decisions and address significant revenue leakage. A key component of this work has been Locklair’s work to foster collaboration across departments within the walls of McLeod Health and externally with the organization’s business partners.”
Industry Impact Provider Award: Tenet Healthcare
(formerly Vanguard Health Systems)
From the award nomination, “Through multiple acquisitions, Tenet acquired many disparate supply chain technologies and processes resulting in widely varied outcomes and utilization across the organization. The high volume of manually processed POs, invoices and metadata managed in multiple locations led to widespread transactional errors and discrepancies. To address this, Tenet began working with GHX on a strategic effort to improve operational efficiency, costs and transactional accuracy by consolidating services, standardizing e-commerce processes and increasing partner participation across its provider base. By increasing automation and improving transactional accuracy, Tenet has reduced overpayments by $2.3 million while reducing its workload by 10,809 hours.”
Industry Impact Supplier Award: Zimmer
From the award nomination, “Zimmer faced challenges related to its order-to-cash process, including delays in PO receipt from providers after procedures were complete, high discrepancy rates for price/part/unit of measure (UOM), and low EDI utilization for consignment orders. In turn, providers were unable to leverage the three-way match process, which meant Zimmer had to reprocess and reprint invoices resulting in significant delays in payment. Zimmer participated in a pilot for the GHX Implantable Device Supply Chain (IDSC) solution with Sisters of Charity Leavenworth, during which it leveraged advanced case scheduling notifications and consumption signals prior to PO creation that contain information correlating directly to both the PO and sales order. With accurate, timely and comprehensive visibility into provider data, Zimmer was able to better serve its customers and boost efficiency in its business operations. Zimmer achieved a 100 percent reduction in procedure-to-PO time, 80 percent reduction in procedure-to-invoice time and 23 percent reduction in procedure-to-payment time.”
The remaining eight GHXcellence Awards were based on quantifiable performance using GHX solutions1, with organizations judged on metrics around success in automating business processes, using criteria such as increase in electronic POs, purchasing dollar volume and the number of electronic trading partners. This year’s winners are:
- #1 IDN from GHX Best 50 List2: UCSF Medical Center has achieved over $3.2M in annual supply chain savings through GHX solutions and utilization of best practices, scoring highest in all GHX scorecard categories, including lowest exception rates, greatest number of electronic trading partners and highest gross transaction volume (GTV) per staffed bed.
- U.S. Healthcare Provider of the Year: Small to Mid-sized Organization: Wayne Memorial Hospital, a 300-bed non-profit facility with over $1M in annual savings directly related to GHX services.
- U.S. Healthcare Provider of the Year: Large Organization: Hackensack University Medical Center, a non-profit teaching and research hospital, achieved $2.6M in supply chain savings in 2013.
- Canadian Healthcare Provider of the Year: Alberta Health Services, a large multi-hospital system that increased EDI spend by 88 percent (close to $500M), grew electronic trading partner connections to 677 (the third largest in North America) and achieved $3.8M in annual savings.
- U.S. Healthcare Supplier of the Year: Small to Mid-sized Organization: ConMed Corporation, a manufacturer of surgical devices and equipment for minimally invasive procedures, grew its electronic POs by 116 percent, achieved double-digit increases in electronic advance ship notices (ASNs) and invoices, and is ranked among the top suppliers for industry-leading PO acknowledgement response times.
- U.S. Healthcare Supplier of the Year: Large Organization: Stryker Corporation, one of the world's leading medical technology companies, increased its electronic advance ship notice (ASN) volume by 125 percent and achieved double-digit increases in electronic volume of POs and invoices.
- Canadian Healthcare Supplier of the Year: Roche Diagnostics, a leader in pharmaceutical and diagnostic solutions, grew its electronic invoice volume by 148 percent and increased its electronic trading partner connections by 148 percent, the third highest in Canada.
- European Union Healthcare Supplier of the Year: Johnson & Johnson achieved a 40 percent growth in electronic PO volume and 90 percent growth in G-Fax document processing volume3.
“Collaboration is the central theme among this year’s GHXcellence Award winners, with provider and supplier organizations demonstrating how they’ve leveraged the GHX collaborative community and common technology solutions to improve operations and drive down costs for themselves and their business partners,” said GHX president and CEO Bruce Johnson. “In these challenging times, all parties to the healthcare supply chain must come together to determine how they can collectively deliver high-quality, affordable patient care. The industry’s survival is dependent upon it. We at GHX are honored to play a role in facilitating this work.”
1 – These organizations are achieving quantifiable savings and improved supply chain performance using software and services from GHX. They may also be driving additional savings and results within their organizations based on other initiatives.
2 - View full Best 50 List here (2013 GHX Best 50 Providers)
3 - G-Fax is a GHX solution that converts faxed POs into EDI (Electronic Data Interchange) documents that can be received directly into a manufacturer or distributor’s ERP (Enterprise Resource Planning) system.
Global Healthcare Exchange, LLC (GHX) is driving costs out of healthcare by transforming the healthcare supply chain. Working with providers and suppliers, GHX is accelerating change by providing a faster, more efficient and collaborative supply chain that will take billions of dollars out of the cost of healthcare. For more information, visit www.ghx.com and The Healthcare Hub.
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 29, 2015 03:00 AM EST Reads: 334
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 29, 2015 03:00 AM EST Reads: 587
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 29, 2015 02:45 AM EST Reads: 417
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 29, 2015 02:30 AM EST Reads: 498
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 29, 2015 01:00 AM EST Reads: 434
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 28, 2015 08:00 PM EST Reads: 430
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 28, 2015 01:00 PM EST Reads: 479
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 28, 2015 12:00 PM EST Reads: 340
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Nov. 28, 2015 12:00 PM EST Reads: 553
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 28, 2015 12:00 PM EST Reads: 235
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Nov. 28, 2015 11:45 AM EST Reads: 408
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 28, 2015 11:15 AM EST Reads: 417
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 28, 2015 11:00 AM EST Reads: 517
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 28, 2015 10:30 AM EST Reads: 316
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 28, 2015 10:15 AM EST Reads: 260