Healthcare Providers Across the United States Choose GHX to Help Them Cut Costs and Increase Efficiencies

LOUISVILLE, Colo., Oct. 11, 2011 /PRNewswire/ -- Faced with multiple challenges related to healthcare reform and a weak economy, healthcare providers across the United States are using every means at their disposal, including technology, to drive greater cost savings and efficiencies. GHX recently signed five organizations seeking to automate and optimize their procurement processes.

As more hospitals connect to the GHX electronic trading exchange for e-business, the network continues to expand and now includes nearly 8,500 provider facilities, including acute and sub-acute facilities, conducting business via GHX and benefitting from GHX technology.

Among providers recently contracting with GHX for a range of connectivity and/or software solutions are:

• Jackson Health System, Miami, Fla.
• Wayne Memorial Hospital, Goldsboro, N.C.
• Community Hospital of the Monterey Peninsula, Monterey, Calif.
• Alaska Native Medical Center, Anchorage, Alaska
• Anne Arundel Health System, Annapolis, Md.

"These providers share our vision of the healthcare supply chain as an indispensable driver in reducing healthcare costs," said Derek Smith, executive vice president, Marketing and Product Management, for GHX. "In many industries, the supply chain represents a strategic asset that helps ensure business viability. In healthcare, the supply chain is another way hospitals can help ensure they're managing their businesses efficiently while continuing to provide high-quality care to their patients."    

Using the GHX exchange and complementary software solutions, the healthcare organizations will be able to gain greater visibility into and control over their medical-surgical supply spending. Working collaboratively within the GHX ecosystem of suppliers, distributors and group purchasing organizations, healthcare providers are on track to reduce the cost of healthcare by $5 billion over a five-year period through a strategic initiative called "5-in-5." GHX is measuring the cost savings through a tool co-built with and validated by PRTM and has documented more than $1 billion in savings since January 2010.

About GHX
Global Healthcare Exchange, LLC (GHX) makes healthcare more efficient by delivering software and services that enable both healthcare providers and suppliers to increase efficiency, lower costs and provide better patient care. With the largest footprint in healthcare supply chain management, GHX connects more than 80 percent of licensed hospital beds at U.S. hospitals, as well as providers in Canada and Europe, with the suppliers from which they purchase the majority of their medical-surgical supplies. GHX is transforming today's linear healthcare supply chain into the industry's only Healthcare Supply Cloud(SM), providing 360-degree visibility into areas affecting both clinical and financial performance. Working with GHX, organizations can improve business processes, automate supply chain systems and collaborate to solve the tough challenges facing healthcare today. GHX is owned by members of the healthcare industry, including Abbott Exchange, Inc.; AmerisourceBergen Corp.; Baxter Healthcare Corp.; B. Braun Medical Inc.; BD; Boston Scientific Corp.; Cardinal Health, Inc.; Covidien; C.R. Bard, Inc.; Thermo Fisher Scientific Inc.; GE Healthcare; HCA; Johnson & Johnson Health Care Systems Inc.; McKesson Corp.; Medtronic USA, Inc.; Owens & Minor; Premier, Inc.; Siemens; University HealthSystem Consortium; and VHA Inc.  For more information, visit www.ghx.com. Follow GHX on Twitter @GHX_LLC and on Facebook @GHX.

SOURCE GHX

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