Overview

GHX's Category Optimization is a web-based solution that leverages data from your health system to deliver evidence-based savings strategies, insights into spending and physician utilization, and tracking capabilities to ensure accuracy and compliance. By evaluating savings opportunities across 45 categories of physician preference items, it enables healthcare organizations to prioritize initiatives with the highest financial impact. The platform facilitates evidence-based discussions by comparing clinically and functionally similar devices, focusing on patient care. It also identifies drivers of supply costs and physician variation at the case level, assessing whether evidence supports such variations. Additionally, it provides visibility into outcomes affecting key financial metrics and offers benchmarks for implant constructs to guide appropriate utilization of complex, premium-priced technology. Users can access objective medical device experts to develop organization- and category-specific sourcing strategies. The platform allows viewing all categories and projects in one place, offering a comprehensive picture of spending and financial impact. It monitors monthly spending to ensure vendors fulfill pricing commitments and that no unexpected costs erode savings. Progress toward savings goals can be tracked, ensuring decision compliance over time and monitoring for denied products captured in purchase order spending.

Features and Capabilities

• Evidence-Based Savings Strategies: Utilizes health system data to provide strategies grounded in evidence, enhancing financial decision-making.
• Comprehensive Category Evaluation: Assesses savings opportunities across 45 categories of physician preference items, enabling prioritization of high-impact initiatives.
• Device Comparison: Compares clinically and functionally similar devices to facilitate discussions centered on patient care.
• Supply Cost and Physician Variation Analysis: Identifies factors contributing to supply costs and variations at the case level, evaluating the evidence supporting these variations.
• Outcome Data Alignment: Determines if outcome data aligns with evidence and provides visibility into outcomes affecting key financial metrics.
• Implant Construct Benchmarking: Offers benchmarks for implant constructs to guide appropriate use of complex, premium-priced technology.
• Expert Access: Provides access to objective medical device experts for developing tailored sourcing strategies.
• Unified Project View: Allows viewing of all categories and projects in one place for a comprehensive understanding of spending and financial impact.
• Vendor Compliance Monitoring: Monitors monthly spending to ensure vendors meet pricing commitments and prevent unexpected costs.
• Savings Progress Tracking: Tracks progress toward savings goals, ensuring compliance with decisions over time and monitoring for denied products in purchase order spending.