International healthcare technology and services company Global Healthcare Exchange (GHX) has awarded Valley Medical Center (VMC) the GHXcellence Award for U.S. Provider of the Year: Small to Mid-size Facility. VMC earned the award for leveraging opportunities in the supply chain to cut costs, reduce waste and improve business performance while improving patient care.
GHXellence Awards are based on specific metrics related to automating supply chain processes and creating efficiencies. Key outcome measurements include an increase in the percentage of purchase order lines and electronic trading partners, as well as reductions in order and invoice discrepancies and errors.
“We are thrilled to receive this prestigious award,” said Lindy Dillingham, Director, Materials Management, Valley Medical Center. “One of the most significant contributions the supply chain can make to a hospital is offering new ways to reduce the costs associated with providing healthcare. Negotiating lower prices is no longer enough. Our integration with GHX and its electronic “procure to pay” process, coupled with a serious commitment by VMC to reduce costs has enabled us to achieve significant savings. To be ranked as number one out of 3,600 GHX organizations across the country proves that our approach to savings is working and we couldn’t be more pleased.”
Valley Medical Center will be recognized next month at the GHX 2012 Healthcare Supply Chain Summit in Orlando, Florida. The Summit is the largest event in healthcare that focuses on the entire supply chain and brings participants together to address common issues.