Global Healthcare Exchange (GHX) today announced that it has completed the acquisition of Atlanta-based Vendormate, a privately held company that specializes in vendor relationship management solutions for healthcare providers and suppliers. Financial terms of the deal were not disclosed.
Vendormate solutions help healthcare providers better manage the process of who they do business with including vendor on-boarding, business associate management, representative credentialing solutions, vendor identification for sourcing events, and managing…
Global Healthcare Exchange (GHX), a leader in supply chain solutions, announced today that it has entered into an agreement to acquire Atlanta-based Vendormate, the leader in vendor relationship management software. Vendormate's solutions add vendor credentialing capabilities to the GHX supply chain portfolio delivering even greater supply chain visibility for healthcare providers and suppliers. The acquisition is expected to close within the next 30 days.
The acquisition of Vendormate adds vendor…
GHX today announced the GHX Summit Series, a new healthcare industry educational program based on its annual GHX Healthcare Supply Chain Summit, the largest event for healthcare supply chain leaders including providers, manufacturers, distributors and group purchasing organizations. The GHX Summit Series takes the five most popular and highest-rated sessions from the 2014 event (May 5-7, 2014 in Philadelphia) and makes them available in a new, live webinar format.
"These…
One day before the U.S. Food and Drug Administration's (FDA) deadline for medical device companies to submit Class III product data to the FDA's Production Global UDI Database (GUDID), GHX announced that in August its UDI solution and services practice successfully submitted UDI data attributes in the required Health Level 7 Structured Product Label (HL7 SPL) format to the GUDID. GHX Business Consulting Services has been helping numerous medical device…
GHX today announced GHX CompassSM, a new online tool to help North American hospitals and healthcare suppliers gain greater visibility into key performance indicators (KPIs) for greater supply chain automation, savings and efficiencies.
At a time when the healthcare industry is facing tremendous pressure to lower costs while improving patient care, GHX Compass provides the more than 18,000 provider sites and 10,000 suppliers in the GHX Global Network of supply…
GHX and its supplier and provider customers have successfully accomplished an important goal set nearly five years ago – to secure $5 billion in supply chain savings for the North American healthcare market1. This milestone, delivered more than four months ahead of schedule, marks the achievement of the company's "5-in-5"goal, a commitment made in January 2010 to take $5 billion out of the cost of healthcare.
GHX created the "5-in-5"…
Faced with significant medical supply costs and shrinking reimbursements, healthcare providers need to reduce their supply chain expenses immediately—and GHX is providing a list of what it recommends as the top 10 ways to do it. The healthcare supply chain company released its list at the AHRMM14 Conference and Exhibition in Orlando, where it will focus on documented opportunities for cutting the second highest and fastest-growing operating expense for providers.…
While the U.S. FDA’s Unique Device Identification (UDI) rule is a key focus for medical device suppliers, hospitals also have an opportunity to capitalize on the ruling for a wide range of benefits, including better patient safety and more efficient supply chain operations. Attendees of the AHRMM14 Conference and Exhibition, August 3 - 6, in Orlando, Florida, will have the opportunity to learn from GHX on how the UDI rule…
The compliance deadline for high-risk Class III devices as part of the U.S. Food and Drug Administration’s (FDA) Global Unique Device Identification (UDI) rule is September 24, 2014. The FDA’s UDI rule aims to dramatically reduce the instances of patient injury and death that result from the misidentification of medical devices. In addition to labeling products with UDI-compliant codes, manufacturers of covered products must publish additional data on those products…
The compliance deadline for high-risk Class III devices as part of the U.S. Food and Drug Administration’s (FDA) Global Unique Device Identification (UDI) rule is September 24, 2014. The FDA’s UDI rule aims to dramatically reduce the instances of patient injury and death that result from the misidentification of medical devices. In addition to labeling products with UDI-compliant codes, manufacturers of covered products must publish additional data on those products…
Attendees of the 2014 Premier Annual Breakthroughs Conference and Exhibition, June 10-13, 2014, in San Antonio, Texas, will have the opportunity to hear from GHX and its customers on how they are working together to improve contract collaboration and data synchronization to drive out costs and improve efficiencies in the healthcare supply chain.
In 2013, Premier selected the GHX Collaboration Portal solution, a single industry platform that enables manufacturers and…
A collaborative effort between Medical University of South Carolina (MUSC) and GHX to drive supply chain savings through improved master data management, greater business process automation and increased contract compliance has been chosen by Supply &Demand Chain Executive as one of its 2014 100 Great Supply Chain Projects. The award program honors supply chain solution and service providers that are helping their customers and clients achieve supply chain excellence.
MUSC’s…
GHX today announced the winners of its 14th Annual GHXcellence Awards, honoring supply chain leaders that are driving significant savings and efficiency for their organizations, their trading partners and the healthcare industry through automation and best practices. The winners were honored today at the 2014 GHX Healthcare Supply Chain Summit in Philadelphia.
Again this year, GHX recognized an individual supply chain leader for his/her work in improving the business of…
GHX today announced it has partnered with PTC (Nasdaq: PTC) to offer a solution to help medical-surgical manufacturers meet both commercial and regulatory compliance needs, including the submission requirements of the U.S. Food and Drug Administration’s (FDA) new Unique Device Identification (UDI) rule.
The FDA’s UDI rule aims to dramatically reduce the instances of patient injury and death that result from the misidentification of medical devices(1). By partnering with PTC,…
he 2014 GHX Healthcare Supply Chain Summit will provide a wide variety of programs focused on how healthcare can collectively accelerate value from unique device identification (UDI) and other global data standards. Realizing the potential value from these standard identifiers will require coordinated efforts by industry participants, including manufacturers, distributors, hospitals and other healthcare delivery organizations, clinicians, group purchasing organizations, and technology vendors. As the largest collaborative supply chain-focused gathering…
Leica Biosystems, a global leader in anatomic pathology workflow solutions and automation, today announced it joined the GHX electronic trading exchange for U.S. customers. In addition, Leica has also implemented the GHX eInvoicing solution, which helps streamline the procure-to-pay process and drive down business costs for its customers through supply chain automation.
U.S. healthcare organizations that are part of the GHX network can now transact with Leica Biosystems through the GHX…
It’s been nearly one year since GHX announced the healthcare industry’s first solution for the Implantable Device Supply Chain (IDSC). At this year’s GHX Healthcare Supply Chain Summit (May 5 - 7 in Philadelphia), GHX will showcase IDSC success stories while offering providers and suppliers access to organizations already working on automating the management of implantable devices.
Recent GHX-sponsored research of hospital senior executives indicates that operating room supply chain…
GHX, a software-as-a-service company offering supply chain automation solutions for healthcare, and QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a provider of enterprise resource planning (ERP) solutions and services, have successfully completed their first integration of a QAD ERP system user to the GHX electronic trading exchange, paving the way for other QAD system users to seamlessly transact business with their healthcare customers through GHX. In addition to supporting electronic procure-to-pay transactions, GHX…
The healthcare industry is facing unprecedented challenges, including declining reimbursements, consolidation among provider organizations, and pressure to deliver higher quality care at a lower cost. While there is temptation to try to “patch up”the wrongs in the healthcare system and proceed with business as usual, nothing short of a fundamental and monumental transformation will enable the industry to survive and thrive. At the 14th annual GHX Healthcare Supply Chain Summit,…
Voting is open for three categories of GHXcellence awards, including the Leadership Award and Industry Impact Awards for both provider and supplier organizations. These awards recognize individuals and organizations that are leading healthcare in creating new supply chain best practices and driving automation and efficiency, while enabling significant savings for their organizations as well as their trading partners. The healthcare community can vote now through April 11, 2014, and winners…
For their work in improving operational performance and driving down costs through supply chain automation, 50 healthcare provider organizations will receive 2013 GHX “Best 50” Customer Awards. The recipients will be honored at the 2014 GHX Healthcare Supply Chain Summit, which takes place May 5-7, 2014, in Philadelphia.
To select the Best 50, GHX looked at the performance of more than 4,000 hospitals in the U.S. and Canada currently connected…
Thoma Bravo, LLC, a leading private equity investment firm, has completed its acquisition of Global Healthcare Exchange, LLC (GHX), a provider of connected, intelligent healthcare supply chains.
“GHX is one of the most significant companies in healthcare today because of its focus on enabling better patient care and billions in savings for providers and suppliers in the healthcare community,”said Seth Boro, managing partner at Thoma Bravo. “We wanted to partner…
Despite the fact the healthcare industry is fueled by scientific advancement, too many hospitals find themselves stalled at a crossroads, struggling to embrace business-focused technologies and best practices that will allow them to flourish in the decades to come. This is the troubling picture painted by results of a new independent survey released today by GHX.
The GHX survey of hospital senior executives indicates that operating room (OR) supply chain deficiencies…
Nominations are now open for three key GHXcellence awards, recognizing outstanding progress and leadership in advancing the healthcare supply chain. Nominations can now be submitted for:
The editors of Supply &Demand Chain Executive magazine have chosen Rachel Hall, vice president of product management for GHX, as a 2014 "Provider Pro to Know"for her work in driving the development of end-to-end supply chain solutions that enable the healthcare industry to truly eliminate costs rather than shifting them from one party to another.
Now in its 14th year, the Supply &Demand Chain Executive Pros to Know Awards recognize…
As hospitals and healthcare organizations put processes and systems into place to support Patient Protection and Affordable Care Act provisions, including meaningful use of electronic health records, adverse event reporting and comparative effectiveness research, it has become clear that the supply chain contains the necessary data to fuel all of these initiatives. During the 2014 HIMSS pre-conference symposium, Linking Technology and Supply Chain: Cost, Quality and Outcomes (CQO), healthcare industry…
Thoma Bravo, LLC, a leading private equity investment firm, and Global Healthcare Exchange, LLC (GHX), a privately-held provider of connected, intelligent healthcare supply chains, have entered into a definitive agreement for the acquisition of GHX by an affiliate of Thoma Bravo. Financial details were not disclosed. The current GHX senior management team will continue to manage the company.
"GHX maintains a strong position in North America and Europe with solutions…
One of the largest drivers of unnecessary costs in healthcare is manual labor, which includes managing the thousands of product price changes that occur daily. As healthcare manufacturers and distributors seek to reduce costs and improve efficiencies, they can leverage the new GHX Single Channel 845 solution to automate the process of managing contract price notifications. This solution will enable manufacturers and distributers to get aligned on price, reducing pricing…
Recognizing that master data management is critical to driving out costs and waste in the healthcare supply chain, Prime Healthcare Services, a hospital management company that operates 25 acute care hospitals in California, Kansas, Nevada, Pennsylvania, Rhode Island and Texas, has chosen to implement the GHX NuViaSM Content Management Solution. Through the NuVia solution, GHX will cleanse, normalize and enrich Prime Healthcare Services’item master data, consolidating it into a single,…
The first deadline for manufacturers to comply with the U.S. Food and Drug Administration’s (FDA) Unique Device Identification (UDI) rule is just over eight months away. Today, GHX announces it will offer an industry solution that enables manufacturers to publish data to the FDA’s Global UDI Database (GUDID) through a single connection that can meet a variety of needs, such as synchronizing data with business partners for e-commerce or other…
Order Intelligence from GHX is making a significant value impact for healthcare’s suppliers a year after being deployed across the industry. Suppliers using the solution are reporting hundreds of thousands of dollars in savings and avoided costs as a result of the Order Intelligence tool’s ability to improve the accuracy of orders processed and reductions in errors before products are shipped.
Order Intelligence, which works as part of GHX Exchange…
GHX and its supplier and provider customers have surpassed $4 billion in supply chain savings for the North American healthcare market. This is a major milestone in the company’s “5-in-5”goal, which aims to take $5 billion out of the cost of healthcare during the five year program, ending December 31, 2014(1). By helping drive greater accuracy into more automated supply chain processes, GHX and its customers are leading the charge…