A collaborative effort between Medical University of South Carolina (MUSC) and GHX to drive supply chain savings through improved master data management, greater business process automation and increased contract compliance has been chosen by Supply &Demand Chain Executive as one of its 2014 100 Great Supply Chain Projects. The award program honors supply chain solution and service providers that are helping their customers and clients achieve supply chain excellence.
MUSC’s procurement-to-pay processes were largely manual and its item master contained inaccurate, inconsistent and incomplete data. Furthermore, individuals outside of procurement were manipulating item master data, increasing the risk for transactional errors. This lack of visibility and control over data and transactions drove up non-file procurement, off-contract purchases and price exception rates.
In 2011, MUSC implemented the GHX NuVia(SM) content management solution to establish and maintain item master data integrity and embarked on a concerted effort to increase business process automation and contract compliance leveraging two additional GHX solutions, CCXpert and Procurement Suite, achieving $1 million in cost avoidance and $370,000 in savings related to contract and tier price compliance in less than 12 months (to view the MUSC/GHX case study, click here).
"I knew without a doubt that GHX was going to be the partner that would provide the single platform for all of our needs,”said MUSC Chief Supply Chain Officer Régine Honoré Villain, MPH. "GHX provided our team the tools and automation necessary for all stakeholders to access the information they need to make the right decisions.”
“As the second largest expense for healthcare organizations, the supply chain represents an area of significant savings as Honoré Villain and her team at MUSC have demonstrated through their work,"said GHX CEO Bruce Johnson. "Honoré Villain represents a new generation of healthcare supply chain leaders who are demonstrating how improvements in data integrity and business processes can have a tremendous impact on the bottom line."
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web: www.SDCExec.com.
About GHX
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.