Global Healthcare Exchange
With the continued onset of globalization, there has been an increased necessity for the development of global healthcare exchange systems to enhance efficiency in healthcare service delivery. The global healthcare exchange has been identified to utilize the internet as the critical resource for the purpose of improving service delivery as well as coming up with new means to facilitate services such as; making online payments, purchase of equipment, real-time information transfer among other requirements. This was necessitated by the fact that the healthcare system was identified to be under extreme pressure to create efficiency in operations execution while minimizing costs. The global healthcare exchange platform could, therefore, be viewed as a critical solution that could help to alleviate some critical challenges in the global healthcare sphere by providing access to essential supply chain management and primary clinical content while consequently lowering the cost of these operations.
Development of a Global Healthcare Exchange
The development of a global healthcare exchange system requires a proper statement of objectives as well as the event of a clearly defined execution and implementation plan. Through the problem identification, it will be possible to come up with a proper solution execution means that will ensure that the objectives of the global healthcare exchange are achieved. The critical concern here is to come up with a system that facilitates better and improved interaction systems between various healthcare service providers that work towards providing access to essential supply chain management and primary clinical content while consequently lowering the cost of these operations. The development of a personal global healthcare exchange program could involve the following phases and steps;
Challenges to be solved for service providers;
- Automation of order to the payment process
Given that most of the service providers in this industry have a profit-making orientation, it is necessary to ensure that the payment processes get automated, facilitating quick and transparent transactions. The global health care exchange system program to be developed will, therefore, be specifically involved in the automation of the order to payment processes. This will ensure that the rules are executed timely upon the receiving of payments as thus providing timely service delivery to the intended recipients.
- Contracting, requisitioning and price alignments
The service providers are required to work together with other stakeholders in the global healthcare exchange program to ensure that there is increased efficiency in the service delivery aspects. Contracting will, therefore, be an essential part of the new GHE (Global Healthcare Exchange) program to be developed, ensuring that reliable contractors are identified and allocated in various parts of the supply chain where they will ensure that a constant supply of essentials is maintained.
The GHE system also intends to come up with price alignments that will ensure that there is the observation of financial fair play that will ensure that the prevailing market prices are standard throughout the developed program. This will be essential in that, and the service providers will be able to make budgetary plans and standardize expenditures based on the developed price alignments.
- Invoice and payment automation
By ensuring that the various online resources are appropriately utilized, invoices and payments could get automated to balance the flow of cash within the different stakeholder involved in the GHE program. The invoices and other fees could be continuously updated on an online platform where the ongoing operations and transactions get recorded and updated as they happen. Upon the request for payment by a given service provider, the automated invoice and payment automation could help in ensuring that efficient payments and transactions get facilitated.
Challenges to be solved for suppliers;
- Order management automation
The suppliers have been identified to face numerous difficulties, with order management being the most significant challenge that these suppliers face. Managing orders have been determined to be a substantial challenge where some orders have been identified to go undelivered due to the lack of efficient order management. By automating the order management process, the GHE program to be implemented will implement automation in the process, thus ensuring that orders are made and processed in real-time. This will be essential in ensuring that suppliers are able to execute orders timely and expertly.
- Contract price alignment
Price alignment is also another essential service that the suppliers require for the facilitation of open and transparent transactions. The global health exchange program will, therefore, utilize various resources online such as the formation of an online portal where suppliers and customers who may need to place orders can go on the online portal and follow up on the current market process and therefore make orders based on their financial capabilities.
- Electronic payments and invoices
The development of a valid payment service program is necessary for the supply sector as suppliers need the required capital to deliver products and services to the respective clients. The GHE program, therefore, intends to ensure that supply invoices and payments are effectively executed, thereby facilitating an adequate cash flow in the operations chain.
References
Applegate, L. M., & Ladge, J. (2003). Global healthcare exchange.