October 22, 2008
GHX and Lawson Software Enter into New Agreement
GHX, a provider of software that enhance the business performance of healthcare companies, and Lawson Software have entered into a new agreement that will provide Lawson healthcare customers with access during the procurement process to the healthcare industry's repository of data on products and contract pricing as provided by suppliers and group purchasing organizations.
According to GHX, the agreement will enable Lawson's customers, which include eight of the 10 integrated health networks and more than 500 healthcare organizations, to improve purchasing efficiency and contract compliance. With the partnership, customers can utilize Lawson's Procurement Punchout application to access item information and contract prices, ensuring they're ordering the right product at the right price.
Using Lawson's Procurement Punchout application to access GHX's internet-enabled information repository, customers ensure contract compliance, minimize time spent on item file maintenance, and improve efficiencies by reducing or eliminating manual processes. Without integrated, accurate and contract-compliant data at the time of order entry, up to 40% of products purchased by hospitals are not in their item master and/or not on contract, said GHX.
Keith Lohkamp, product strategist of supply chain management at Lawson Software, said: "Purchasing products on contract is critical if healthcare providers are going to ensure quality care while controlling costs. This partnership will make it easier for our mutual customers to reduce the number of off-contract purchases by utilizing their standard requisitioning processes to access items not set up in their item master, helping to maximize the value of their purchasing contracts."