GHX Recognizes North America's "Best 50" Healthcare Providers for Supply Chain Excellence

LOUISVILLE, Colo., Feb. 19, 2020 /PRNewswire-PRWeb/ -- Global Healthcare Exchange, LLC (GHX) today recognized North America's highest performing healthcare provider organizations with the release of its annual GHX "Best 50" supply chains in North America. The "Best 50" honorees stand out amongst North America's premier hospitals for their ability to demonstrate improved operational performance and drive down costs through supply chain automation. The 2019 recipients will be honored at the 20th annual GHX Summit, April 27 - 29, 2020 at the Gaylord National Resort in National Harbor, MD.

To select the "Best 50," GHX analyzed a pool of more than 4,100 hospitals in the U.S. and Canada connected to the GHX electronic trading exchange. GHX's "Best 50" is comprised of the highest scorers in areas such as maximizing document automation, Exchange utilization and trading partner connections during the 2019 calendar year.

"It's an honor to celebrate this select group of North America's leading hospitals that are going the extra mile to provide both quality and high value healthcare for their patients through supply chain excellence," said Bruce Johnson, president & CEO, GHX. "Our hope is this Best 50 honor is just one of the many factors helping to motivate hospitals to find efficiencies in their supply chains, setting the bar slightly higher for excellence each year. We congratulate this year's Best 50 members on their accomplishments."

The 2019 GHX Best 50 customers are as follows (in alphabetical order):
Allina Health
Aspirus, Inc.
Bellin Health
Blanchard Valley Health System
Catholic Health System WNY
Children's of Alabama
Community Medical Centers – Fresno
El Camino Hospital, Mountain View
Franciscan Missionaries of Our Lady Health System
Hackensack Meridian Health
Lehigh Valley Health Network
Lexington Medical Center
Loma Linda University Health
Los Angeles County Department of Health Services
MetroHealth System
Michigan Medicine
Mohawk MedBuy Corporation
Mount Sinai Health System
North Memorial Health
NorthBay Healthcare
Parkland Health & Hospital System
Parkview Medical Center
The Queen's Health Systems
Riverside Health System
Saint Francis Hospital and Medical Center
St. Joseph's Health
St. Luke's Health System
Scripps Health
Seattle Children's Hospital
Southwest General Health Center
San Antonio Regional Hospital
TransForm Shared Services Organization
TriHealth
Tucson Medical Center
UC Davis Health
UCI Health
UCLA Healthcare
UC San Diego Health
UCSF Health
UF Health
University of Kansas Health System
University of Maryland Medical System
University of Utah Health
University of Virginia Health System
UW Medicine - Harborview Medical Center
UW Medicine - University of Washington Medical Center
Vanderbilt University Medical Center
Wellforce
Westchester Medical Center Health Network
Yale New Haven Health System

Best 50 Criteria
Criteria period for consideration as a Best 50 honoree is a full calendar year, Jan. 1 – Dec. 31, 2019. To qualify, providers must have:

• Four complete closed quarters on the GHX Exchange (from first PO date)
• More than 10,000 PO lines processed annually

Best 50 providers are ranked for each of the following "big three" exception types (the lower the exception rate, the higher the rank):

• Price Exception (price exceptions/PO lines)
• SKU Exception (SKU exceptions/PO lines)
• UOM Exception (UOM exceptions/PO lines)

Rankings also take into account:

• Gross transaction volume (GTV) per bed (i.e., PO GTV / staffed beds)
• Number of PO trading partners

About GHX
Global Healthcare Exchange, LLC (GHX) is a healthcare business and data automation company, empowering healthcare organizations to enable better patient care and maximize industry savings using its world-class cloud-based supply chain technology platform. GHX brings together healthcare providers, manufacturers and distributors in North America, and Europe, who rely on proven healthcare-focused technology and comprehensive data to automate business processes and make more informed, timely and fact-based decisions. Solutions span procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management and other supply chain-related tools and services. For more information, visit http://www.ghx.com and The Healthcare Hub.

SOURCE GHX