Automate implant ordering
One of the significant drivers of ASC growth is the increasing number of implant procedures, such as hip or knee replacements, performed in these facilities. Implant orders make up approximately 10 percent of all purchase orders in healthcare, but they account for 40 to 60 percent of supply chain expenses. Only a tiny portion of the spending on consignment implant orders is automated, representing a significant savings opportunity.

By nature, implant ordering and invoicing are complicated due to the broad range of implants used in medical specialties such as cardiac, orthopedics and ophthalmology. For example, each manufacturer has specific requirements for purchasing their products. The requirements can differ but may include the serial number, lot number, case ID, sales order and sales rep ID, procedure data, medical record number and where to send charges. For buyers, staying informed about each supplier’s specific requirements can be challenging, making order replenishment unnecessarily complex.
Success for ASCs relies on their ability to efficiently capture and track implant utilization, as well as turn that information into a purchase order that is both trackable and electronic. If this process is mishandled, the ASC may receive an invoice that does not reflect the actual utilization of an implant. This would result in a time-consuming back-and-forth with the supplier to correct the issue, leading to delays in revenue recognition and reimbursement.

Making orders for medical implants more efficient and straightforward has been a major hurdle in the healthcare industry. However, there have been notable advancements recently. GHX, in collaboration with more than 20 top healthcare suppliers and providers, has pinpointed a promising starting point toward achieving this goal.

Digitize payments
Most ASCs still rely on manual processes to pay their bills. These processes often involve writing and mailing paper checks, leading to a buildup of invoices that can be time-consuming to manage. In some cases, the CEO or administrator of the ASC is responsible for writing the check, while in other cases, the invoice is sent to a central accounts payable department, which may handle payment processing for tens or even hundreds of ASCs. A lack of automation can lead to extended payment periods for the ASC and increased Days Sales Outstanding for suppliers. However, by automating payment processes, ASCs can capitalize on prompt-pay discounts and even receive rebates, which can be a significant source of additional revenue.

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