Catholic Health Ranked Among the Best For Supply Chain Efficiency
Controlling healthcare costs and improving operational performance through the effective use of supply chain management has earned Catholic Health recognition from Global Healthcare Exchange, LLC. (GHX) of Louisville, CO as one of the “2017 Best 50 Supply Chains in North America.” This is the second consecutive year Catholic Health has ranked in the “Best 50” list, and 2017’s ranking as the number 20 Supply Chain is a huge jump over last year’s ranking of 49.
The Provider Best 50 Awards recognize healthcare organizations with performance measurements in the top 50 throughout North America, based on key metrics from their GHX Provider Scorecard, with a focus on GHX Exchange utilization and exception management. GHX is a provider of cloud-based technology and healthcare consulting services.
There are a number of factors that have led to improved efficiencies for Catholic Health, including the integration and collaboration of the healthcare system’s Accounts Payable and Supply Chain Management Departments and improved use of technology across the system. “This recognition is the result of the continued hard work and dedication of our associates,” said Michael Osborne, vice president, Finance, Supply Chain & Reimbursement. “First cracking the Best 50 list, and now advancing to number 20, demonstrates their commitment to being excellent stewards of the resources with which we are entrusted.”
In 2014, Catholic Health consolidated administrative operations from seven separate locations to one central location in downtown Buffalo, NY. The new facility has enabled huge advances in collaboration and improved efficiency.
To select the 2017 Best 50 Supply Chains in North America., GHX looked at the performance of more than 4,000 hospitals in the U.S. and Canada currently connected to the GHX electronic trading exchange. GHX identified the 50 healthcare organizations that scored highest in areas such as purchasing and invoice volume, Exchange utilization and trading partner connections during the 2017 calendar year.