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GHX names Boston Scientific as the US Healthcare Supplier of the Year

Boston Scientific : 24 April, 2008  (Company News)
The GHXcellence Awards for achievements in improving supply chain performance has named Boston Scientific as the US Healthcare Supplier of the Year.
The award recognises Boston Scientific's successful use of electronic transactions to improve supply chain efficiency for customers and suppliers.

The annual awards were granted by GHX based on application of the following criteria to an organization's performance during the 2007 calendar year:

- Increased use of e-commerce solutions throughout the healthcare supply chain;
- Number of trading partners with whom they conduct e-commerce;
- Percentage of orders transacted electronically;
- Percentage of invoices transacted electronically;
- Reduction in order and invoice discrepancies and errors.

Boston Scientific has implemented numerous e-commerce transaction options, including electronic order placement, electronic invoicing, advance shipping notices and electronic catalogs. Currently, more than 80 percent of the company's domestic customers employ Electronic Data Interchange (EDI) to facilitate business transactions. EDI is the electronic transfer of structured data in a standard format between businesses, organizations or other groups.

'This award acknowledges our commitment to the use of e-commerce to improve efficiency and reduce costs throughout the supply chain,' said Paul LaViolette, Boston Scientific chief operating officer. 'Through process and software system improvements, we have been able to expand our electronic offerings and increase transaction efficiency and customer satisfaction.'

'This year's GHXcellence Awards honour providers and suppliers that have taken steps to maximise utilisation of e-commerce solutions across their organizations,' said GHX President Bruce Johnson. 'By optimising business processes and the use of technology, they are demonstrating how healthcare organizations can lower costs and improve operational performance.'

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