April 14, 2021 – Global Healthcare Exchange (GHX) (Louisville, CO) has released its annual list of “Best 50” supply chains, recognizing North America’s highest performing healthcare provider organizations.
The “Best 50” honorees stand out amongst North America’s premier hospitals for their ability to demonstrate improved operational performance while driving down costs through supply chain automation, GHX says.
The 2020 recipients will be recognized during Summit Live on May 26, 2021.
To select the “Best 50,” GHX analyzed the performance of more than 4,100 hospitals in the U.S. and Canada that are connected to the GHX digital trading network. The list of winners contains healthcare organizations that scored highest in critical areas including maximizing automation, increasing Exchange utilization and trading partner connections during the 2020 calendar year.
This year, GHX is recognizing 51 providers due to a tie.
Criteria period for consideration as a Best 50 honoree is a full calendar year, Jan. 1 – Dec. 31, 2020. To qualify, providers must have:
- Four full quarters on the GHX Exchange (from first PO date)
- More than 10,000 PO lines processed annually
Best 50 providers are ranked for each of the following “big three” exception types (the lower the exception rate, the higher the rank):
- Price Exception
- SKU Exception
- UOM Exception
- Rankings also take into account:
- Gross transaction volume (GTV) per bed (i.e., PO GTV / staffed beds)
- Number of PO trading partners