LOUISVILLE, Colo.--(EON: Enhanced Online News)--GHX today announced that Piedmont Healthcare (Atlanta, Ga.) and Vanderbilt University Medical Center (Nashville, Tenn.) have signed on to deploy Case XpertSM, the healthcare industry’s first end-to-end supply chain solution for managing and tracking implantable medical devices, including the physician preference items (PPI) used in operating rooms (OR).
“At Vanderbilt, we recognize the combination of supply chain professionals working with clinicians and suppliers gives us a great opportunity to impact three key strategic areas: physician / clinician satisfaction, patient outcomes and revenue enhancement”
Provider and supplier organizations have been working closely with GHX to bring to market new solutions to help track and manage implantable devices more collaboratively, accurately, and with greater visibility to devices as they are used in the OR. Both hospital systems will use Case Xpert to integrate with and leverage existing technology in order to drive out costs, supporting numerous efforts being propelled by healthcare reform.
Joining other organizations currently implementing Case Xpert, these providers are among the healthcare innovators who are seeking new ways to reduce costs and drive greater efficiencies by better managing their supply chains, including in the OR, where costs have historically been high and processes extremely manual. Under healthcare reform, hospitals must survive on what Medicare pays them, which currently only covers about 87 percent of the actual cost of care and is declining. Many experts and industry analysts predict the overall impact of healthcare reform will result in a 20 to 30 percent reduction in the average hospital’s cost structure.
Joe Colonna, vice president of Supply Chain at Piedmont Healthcare, commented on his organization’s use of Case Xpert, “The current implant management processes are cumbersome for both providers and vendors. Case Xpert brings the opportunity for greater efficiencies and quality improvement to our operations.” Piedmont, a five-hospital, 1,063-bed, private, not-for-profit health system, served nearly two million patients last year, including performing more than 44,000 surgeries.
Vanderbilt University Medical Center, a collection of several hospitals and clinics, as well as the schools of medicine and nursing associated with Vanderbilt University, has selected Case Xpert in order to solve the management of its implantable devices, a known industry issue that both healthcare manufacturers and providers have been struggling to solve. “At Vanderbilt, we recognize the combination of supply chain professionals working with clinicians and suppliers gives us a great opportunity to impact three key strategic areas: physician / clinician satisfaction, patient outcomes and revenue enhancement,” said Teresa Dail, RN, BSN, chief supply chain officer, Vanderbilt University Medical Center.
“We’re delighted that Piedmont and Vanderbilt are choosing to lead the healthcare industry by automating their implantable device supply chains,” said Derek Smith, chief commercial officer at GHX. “Implantable devices are on average 30 percent of total hospital supply spend, based on the service line mix, and make up 50-80 percent of the total cost for some procedures, so effectively managing these devices can have a significant impact on the efficiency of healthcare.”
GHX has coordinated a collaborative team of manufacturer and provider organizations to address and design a solution to improve the management of implantable devices. Piedmont Healthcare and Vanderbilt University Medical Center are part of this team that includes Sisters of Charity Leavenworth, Mercy Health, McLeod Health, Medtronic, Abbott Laboratories and Johnson & Johnson DePuy, among others.
About Case Xpert
Case Xpert is the first-of-its-kind solution to capture and share data from case creation to product usage during procedures, creating usage capture capability while validating that the device is on contract for more accurate billing, purchasing and inventory tracking. A software-as-a-service application, Case Xpert is formed around a core set of integration and intelligent routing capabilities that is available to trading partners in a secure, cloud-based environment. The solution enables providers and manufacturers to initiate implantable device cases and track them through audit and completion using agreed upon item and price information maintained in Case Xpert, with HIPAA-compliant security. It also provides the ability to transport PPI orders via the GHX Exchange and automate the review and validation of the information on the order.
Benefits seen in pilot site usage include improved charge capture resulting in less revenue leakage; increase in on-contract spending; decrease in contract overpayment via increase in real-time pricing; increased access to early pay discounts; reduction in documentation errors, case-to-bill cycle time as well as time spent on dispute resolution.
Case Xpert, along with Order Intelligence, are the first of the GHX solutions designed to address the estimated $5 billion in revenue losses currently recorded every year by healthcare providers and manufacturers due to the lack of automation and process efficiency for these devices, which represent a $40 billion market segment.
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.