U.S. Healthcare Suppliers Choose GHX to Help Them Reduce Operating Costs, Improve Financial Results

LOUISVILLE, Colo., Nov. 1, 2011 /PRNewswire/ -- Hospitals and other healthcare providers are expensive customers to serve, with healthcare suppliers bearing the burden of selling, general and administrative expense (SG&A) costs that are nearly twice those of other industries. To improve their operational and financial performance, a growing number of suppliers are choosing GHX to streamline their order processing and better serve their customers.

Among supplier customers signing contracts with GHX are the following:

• Devicor Medical Products, Inc.
• Draeger Medical Inc.
• Integra LifeSciences Corporation
• KARL STORZ Endoscopy-America, Inc.
• PSS World Medical, Inc.

Suppliers leverage GHX electronic trading exchange services and software solutions to automate order processing through a single connection to GHX provider members. By consolidating multiple ordering channels (phone, fax, email) and facilitating electronic orders through GHX that are faster, more accurate and more visible than manual processes, suppliers can reduce operating expenses while enhancing customer service.

GHX also delivers access to more accurate data, helping suppliers gain visibility to customer and market trends, and providing the intelligence to reduce risk while planning new investments and growth strategies. Using GHX, supplier organizations can improve margins and reduce costs, protect and grow market share, and enhance focus on their organization's core competency—delivering great products and exceptional service to their customers.

"Both healthcare providers and suppliers are struggling with greater margin pressures and declining revenues. Suppliers that recognize and address their customers' pain points along with their own can be most successful in this challenging economy," said Derek Smith, GHX executive vice president, Marketing and Product Management. "The supply chain represents both a significant area of expense and cost savings opportunity for both parties. Understanding this, a growing number of suppliers are choosing GHX to help improve efficiency and drive unnecessary costs out of the ordering process, benefiting both the supplier organization and the customers they serve."

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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED