Louisville, CO (PRWEB) November 12, 2012
GHX has released the first in a series of educational papers to help healthcare suppliers and providers better understand implantable device management challenges, processes, technologies and best practices. “The Current State of the Implantable Device Supply Chain,” which is available now for download, provides an unbiased look at how implantable device management is conducted among healthcare trading partners today – and the inefficiencies that run rampant throughout the process.
Implantable devices, which include things like hip replacements and cardiac stents, represent a $40 billion market segment. Despite the size of the industry, technical inefficiencies, lack of visibility and human error in the supply chain lead to more than $5 billion in losses each year – an astonishingly high number given the tremendous pressure to reduce the cost of healthcare. In Part One of the series, GHX provides an overview of today’s implantable device supply chain, breaking down the primarily manual process all the way from a device’s journey from supplier to provider and, ultimately, to the patient.
In an effort to create the industry’s first implantable device supply chain solution, GHX has formed an industry advisory board comprised of some of the leading healthcare providers and manufacturers. The findings in the GHX educational papers stem from advisory board member organizations’ designated subject matter experts, as well as more than 18 months of research and 600 interviews with healthcare organizations across the United States.
Visit the GHX Implantable Device Supply Chain resource center to download the paper and learn more: http://www.ghx.com/about-ghx/the-implantable-device-supply-chain.aspx
Global Healthcare Exchange, LLC (GHX), a healthcare technology and services company, helps reduce the cost of doing business in healthcare by enabling better supply chain management. GHX makes it easier for hospitals, other healthcare providers and the suppliers that do business with them to drive cost and inefficiency out of their processes. Working with GHX, the healthcare organizations that make up the GHX Global Network are on track to save $5 billion by 2014 – savings that can be invested in such things as hiring more nurses, providing care to uninsured children or developing new medical products. GHX is owned by organizations on both the buy and sell side of the healthcare supply chain, including some of the largest companies in the world. Find GHX on the Web, on Twitter @GHX_LLC and on Facebook @GHX.