Overview

GHX Order Trust is designed to streamline and automate the order processes for healthcare providers, particularly focusing on complex implant orders and transactions with non-integrated suppliers. By leveraging a combination of advanced technology and managed services, Order Trust reduces manual workloads, allowing staff to concentrate on strategic tasks and enhancing downstream functions such as accounts payable and finance. The solution ensures contract price validation in order confirmations, helping to minimize overpayments and off-contract spending, thereby improving profit margins. Enhanced visibility into order statuses enables swift responses to backorders or stockouts, ensuring that critical supplies are available when needed.

Features and Capabilities

• Comprehensive Order Automation: Automates the entire order process, including complex bill-only and bill-and-replace implant orders, which are often associated with high-value, revenue-generating procedures.
• Standardized Services: Provides standardized order processing services, reducing variability and manual intervention in order management.
• Contract Price Validation: Validates order confirmations against contract prices to prevent overpayments and reduce off-contract spending, thereby improving financial margins.
• Enhanced Order Visibility: Offers improved visibility into order statuses, allowing healthcare providers to respond promptly to backorders or stockouts and maintain supply continuity.
• Flexible Supplier Integration: Works with implant supplier vendors and is adaptable to route orders according to the supplier's preferred method, regardless of their Electronic Data Interchange (EDI) setup.
• Managed Services for Non-Integrated Suppliers: Facilitates connectivity with non-integrated suppliers through managed services, ensuring a consistent and standardized ordering process across all trading partners.
• Electronic Purchase Order Acknowledgements (POAs): Delivers POAs through the GHX Exchange dashboard, providing confidence that the right products will be available when needed.
• Reduction of Manual Processing: Aims to decrease the manual burden of order processing, allowing staff to focus on more strategic activities and improving downstream functions like accounts payable and finance.