FOUNDATIONAL DATA
Maximizing cloud ERP investments – with the help of good data
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Healthcare Priorities
Shift to unified data and processes
Cost of weak data foundation
GHX Data Connect advantage
How does unified data work?
Our capabilities
Proof and validation
CLEAN, UNIFIED DATA IS FOUNDATIONAL
A Massive Body of Data
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Start digitizing data management
Backed by 20+ years of experience, GHX knows where your data is now and where your item data needs to be. Get the best use of the automation capabilities and operational advantages of the cloud with GHX Data Connect for Cloud.
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As the healthcare industry has evolved, some aspects are completely different while others are on the cusp of changing.
COVID-19 & value-based care are driving organizations to rethink their operations. As a result, these needs have grown:
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Supply chain resiliency
Hospitals are actively taking steps to increase resiliency in their supply chain by building in better substitution processes and a more diverse supplier base.
Care anywhere
Requires a consumer-like experience with the simplicity of streamlined purchasing and cost optimization.
Clinical standardization
Hospitals are seeking unbiased sources to help them make standardization decisions. A source that is not the hospital, the physician, nor the supplier that can assist in evaluating the efficacy of products so they can concentrate on the products with the best patient outcomes.
Strategic sourcing
Procurement is no longer a zero-sum game. Going beyond price and using reliable data across several factors can help providers determine the best products and partners for their organization.
Daily cash forecasting
Dynamic, daily cash forecasting allows hospitals to quickly make decisions and pivot their spend and business strategies.
To achieve some of these priority initiatives, hospitals are investing more into technology to shift from an unintegrated world to a fully integrated one.
Limited on-prem systems with siloed data and unintegrated business processes.
Toggle to see the shift to now
Before
Now
In a one cloud ERP ecosystem, tightly aligned processes and unified data on a common platform.
DATA
Hospitals moving to the cloud have to manage a massive body of data to meet their organization's data needs.
Inventory management
Req / order management
Clinical systems
Rev cycle / finance
Compliance / safety
Business analytics
70K
600K
SKUs
Going from a trim item master to a massive body of data can be challenging, but necessary for success
EXAMPLE
Cost of a weak data foundation
Consider the volume of data:
This is a massive ‘body of data’. Without a solid and reliable data foundation that continues to scan for errors and duplicates and fills gaps, you have an explosion of work at a high cost.
All items in your item master, (your item master alone might have 70-100K SKUs)
• • •
The items you have on contract Anything else like non-file purchases
The COST
$7.60 per SKU
The Time
25 minutes per SKU
The PEOPLE
36 People
The Work
~600,000 SKUs
1. Sourced from GHX internal data. 2. Assuming 30% of all article data from wholesalers and producers has at least one mistake in it and assuming it takes 25 minutes to correct. Benefits of a PIM System. Jorij Abraham https://link.springer.com/chapter/10.1007/978-3-319-04885-7_2. Accessed May, 2021. 3. Benefits of a PIM System. Jorij Abraham. https://link.springer.com/chapter/10.1007/978-3-319-04885-7_2, Accessed May, 2021. 4. Assuming 30% of all article data from wholesalers and producers has at least one mistake in it and assuming it takes 25 minutes to correct. Benefits of a PIM System. Jorij Abraham https://link.springer.com/chapter/10.1007/978-3-319-04885-7_2. Accessed May, 2021
4
3
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Data Foundation: Weak vs. Strong
A strong data foundation with automation is a better approach
All items in your item master (as many as 70-100K SKUs)
The items you have on contract
Anything else like non-file purchases
•
See how quickly bad data can disrupt an IT ecosystem
Patient & Family
Operating Room
Revenue Capture
Inventory
Purchase Req / Order Management
Supply Chain Information Systems (SCIS)
Weak
Strong
Data Foundation
“We haven’t been able to find all of the materials we need in order to perform the surgery on your son today.”
“We are ready for you.”
You had 8 months to prepare, how could this happen?
OR block goes unused
Missed revenue
Scramble in inventory
Kit was ordered and it arrived on time
There was a description error. It wasn’t the right kit.
All it takes is one error in the item data foundation to trigger this chain of events
- one incorrect SKU - one vague product description - one attribute left empty
In good hands
Surgery takes place as planned. Kit successfully used in care.
Documentation is fast and complete. Claim is approved.
Kit is available and arrives without delay
Correct kit purchased
Item data cleansed and enriched with GHX validated attributes
Validated Enriched with attributes Errors corrected Duplicates reconciled Descriptions standardized
Filled in Implant flag Filled in GTINs Filled in UNSPSC Validated billing/revenue codes
Content + price updates synchronized with cloud ERP requisitioning module
Thankfully, you can digitize data management with a data partner. See how our advanced technologies, techniques and data experts unify, cleanse and monitor a massive amount of item data and attributions — quickly, continuously and at scale.
INPUTS: Disparate Sources
Suppliers
GHX Proprietary: Exchange transactions, Lumere taxonomy
Distributors
All Primary GPOs
FDA GUDID
GDSN
Revenue & billing codes*
OUTPUTS: Complete Item Data
FROM: Provider
Req/Order Management: Mfr name, part #, price, image, UOM, QOE, substitutions
Inventory: GTINs, UOM, QOE, order min/max, lead time
Clinical: Unique device IDs, Clinical attributes i.e. implant/latex/human tissue flag, GTIN, billing/revenue code
Rev cycle/Finance: Clinical use with Unique device IDs, billing/revenue code
Compliance/Patient safety: Unique device IDs ,Adverse events, Recall status
Business Insights: UNSPSC, Lumere classification, complete spend
Item Data Master
Purchase Order History
Contract Item Data
Enterprise-wide Catalog
GHX CATALOG
>> millions of items <<
Matched & Enriched Data
*Manual work
GHX Data Connect works in your IT ecosystem
Synchronized
With GHX Data Connect, content is synchronized in a highly automated fashion with your ERP via API integrations, such as:
Timely and comprehensive
Cutting edge
Cleansed, enriched, and curated to your organization’s item data needs for:
• • • • • • • •
Inventory Req/order management Clinical documentation Rev cycle/ finance Compliance/ patient safety Business insights Value analysis Value-based and managed care
We are rewriting our entire data management solution onto a new platform so that it can help meet the needs of the cloud. For example, embedded federated search helps create an integrated user experience for requisitioning built directly into the Workday ERP, so that the latest and greatest information gets displayed in Workday.
Proof and Validation
GHX + ERP Partners
Prioritize change management
Processes will need to be redesigned and roles and responsibilities redefined. Bringing in partners to help with the process will help keep you on the right track.
Takeaways worth remembering
Plan for deeper cost savings
Thinking ahead on capturing deeper savings will get you better prepared for strategic sourcing, physician utilization and clinical standardization, helping you get to these advanced level savings faster.
Start early on data foundation
Including the supply chain on the front end of your cloud plan helps facilitate the process.
Heighten collaboration
The move to the cloud is very much about integrating processes, people and functions particularly supply chain, clinical and finance.
70+
Successful cloud integrations
“Data is the foundation of all operations. When you have good data and you have good business processes, anything is possible .”
— Director, Healthcare Strategy, Infor
IDN Summit 2021. Panel The Cloud-Based ERP: Lessons Learned and Life After Implementation. Director Healthcare Strategy, Supply Chain, Infor
Explore key takeaways from our partnerships:
We listen to our customers and innovate collaboratively.
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