Explore a traditional vs. progressive mindset to market intelligence in the U.S. healthcare market, focusing on the power of establishing a culture that inherently expects and relies on data to drive strategic decision making from the analyst level to the C-suite. Market highlights from GHX’s Market Intelligence business will be presented along with best practice utilization of market intelligence data specific to both the acute and alternative site markets for distributed medical-surgical and clinical laboratory products and supplies.
Healthcare leaders share how the critical need for accurate data and a source of truth is found through working strategically with GHX drives improved order efficiency, customer service and operational savings for the industry as a whole.
Many of our organizations have blind spot’s that we simply can’t see without looking at the data. There are opportunities for cost-savings and operational efficiencies that are left uncovered. Watch this Summit20 video to drill into GHX best practices to tackle the challenges both providers and suppliers encounter, while identifying relevant Key Performance Indicators (KPIs) related to supply chain efficiencies.
Market Intelligence Direct Data is captured through the GHX network of hospitals that provide Purchase Order history transaction data, representing full hospital spend. Recorded during a previous webinar, this demonstration shows how the Market Intelligence analytics solution allows users to create dashboards, custom reports and access product insights from a high level down to granular data and product performance by SKU.
By partnering with GHX to drive improved utilization within its customer base, C.R. Bard processes more high-quality, accurate electronic orders, reducing resources required to manually correct errors downstream.
GBO was looking for a better grasp on how the market was evolving and changing. After using a GHX Market Intelligence data report for a period of time, they found they needed current and refreshed data more frequently. They are now using Market Intelligence to drive successful sales performance, product management and marketing strategies.
Using results from a Total Economic Impact™ (TEI) study, Forrester Consulting reports findings after examining the potential return on investment a healthcare supplier may realize by deploying the GHX Exchange, and related products and services, to automate the order-to-cash cycle. Read the final Forrester report here.