What You Should Know: - GHX, a healthcare supply chain leader announced it has entered into a definitive agreement to receive a strategic investment from private equity firm Warburg Pincus. As part of this transaction, minority investor Thoma Bravo has exited its investment. Existing investor Temasek, an investment company headquartered in Singapore, will remain the majority equity holder. - GHX has employees in the United States, Canada and Europe and is known for operating the largest
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GHX Acquires Lumere to Advance Clinically Integrated Supply Chains
- Global Healthcare Exchange (GHX) announced it has acquired Chicago-based Lumere, a provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management. - As reimbursement models move from fee-for-service to fee-for-value, GHX believes Lumere’s capabilities will extend its value to more directly improve patient outcomes at the lowest cost by empowering customers to make
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Data: The Foundation For Collaborative Leadership To Deliver High-Value Care
The move to a healthcare system that rewards the value delivered to patients vs. the volume of services performed is no easy task. Healthcare providers, including hospitals and physicians, face decreasing reimbursements as both commercial and government payors implement new payment models designed to more closely align the activities of various organizations and practitioners involved in patient care. Better coordination has been found to both improve the quality and lower the cost of care,
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GHX Names Top 50 Healthcare Providers for Supply Chain Excellence
Global Healthcare Exchange, LLC (GHX) has unveiled its annual list of the healthcare provider organizations being recognized as the 2018GHX “Best 50” supply chains in North America for their work in improving operational performance and driving down costs through supply chain automation. To select the Best 50, GHX looked at the performance of more than 4,100 hospitals in the U.S. and Canada connected to the GHX electronic trading exchange. GHX identified the 50 healthcare organizations that
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GHX Launches Mobile-Enhanced Vendor Credentialing Solution
Today GHX launched a new mobile-enhanced Vendormate Credentialing application with geolocation service capabilities. The mobile application provides suppliers and providers an efficient and convenient solution that can increase compliance of provider procedures and federal mandates.For suppliers, denied access means lost revenue opportunity. The new capability allows representatives to check hospital compliance and facility access prior to their scheduled visits. The geolocation service also
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GHX Acquires Medical Columbus to Expand Healthcare Supply Chain Presence in Europe
Healthcare supply chain provider GHX announced that the company has entered into an agreement to acquire a majority of assets and employees from Germany-based Medical Columbus, a provider of market leading content management and healthcare procurement software across Germany, Switzerland, Austria, and the Netherlands.With this acquisition, GHX will expand its supply chain and procurement solution offering and trading partner network in key European markets. Both companies’ solutions serve
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GHX and Hashed Health Partner on Healthcare Blockchain Solutions for Supply Chain
Global Healthcare Exchange, LLC(GHX), a healthcare business and data automation company, announced today that it is partnering with Hashed Health, a leader in blockchain innovation for healthcare. As part of the partnership, the companies will collaborate on blockchain and distributed ledger innovation projects for the healthcare supply chain. GHX and Hashed Health share an interest in using blockchain technologies to solve unmet needs across healthcare. Blockchain is widely believed to have
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4 Key Healthcare Supply Chain Innovation Growth Areas to Watch In Next 12 to 18 Months
The strategic importance of the healthcare supply chain means that supply chain leaders and teams are increasingly called upon to help tackle a variety of critical healthcare issues, including the shift to a value-based care model, improving clinical performance, reducing risk, and deriving maximum value from EHR integrations.This week, in concert with the Association for Healthcare Resource & Materials Management’s (AHRMM) annual “National Healthcare Supply Chain Week,” October 1-7, 2017,
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Temasek Acquires Majority Stake Healthcare Supply Chain Provider GHX
GHX announced it has signed a definitive agreement with Temasek, an investment company headquartered in Singapore, for a significant investment into the company. Thoma Bravo is selling its majority ownership stake, but remains a minority owner. The investment by Temasek and the continued participation by Thoma Bravo demonstrates a confidence in GHX’s business plan and its mission to take cost out of healthcare. The deal is estimated to close in the next 45-60 days; financial terms were not
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GHX Report: Healthcare Supply Chain Market Growth
Global Healthcare Exchange, LLC (GHX) released fourth quarter 2016 data and 2016 results for distributed sales in both Medical-Surgical (Med-Surg) and Clinical Laboratory (Clin-Lab) product segments in healthcare. The new GHX Market Intelligence “By the Numbers” quarterly report revealed that the Med-Surg segment grew 5 percent year over year in the fourth quarter 2016 to $9.6B in volume and the Clin-Lab segment grew 12.4 percent year over year to $2.15B in the fourth quarter.The new report also
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