For many hospitals and health systems, it’s been another challenging year. Increases in patient volume and modest revenue gains haven’t been enough to offset the impact of labor shortages and an inflation rate that reached a historic high in June. A recent Kaufman Hall report found most healthcare organizations had negative operating margins for the first half of 2022 due in large part to historically high expenses. In the face of these ongoing operating losses, the industry has
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GHX Healthcare
Is It Finally Time for Hospital-at-Home or is Time Up?
All the signs point to a bright and expansive future for hospital-at-home programs, which have been growing steadily since the Centers for Medicare and Medicaid (CMS) created the Acute Hospital at Home waiver program in November 2020. As of March, nearly 100 health systems and more than 200 hospitals in 34 states had been approved for the program. Meanwhile, Forrester predicts the number of hospitals delivering acute care at home will triple in 2022. The reasons why are compelling: a study
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GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform
What You Should Know: - Today GHX announced its acquisition of Syft, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services. - As a wholly-owned subsidiary of GHX, Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. Modernizing Healthcare Supply Chain to Overcome COVID-19 Related Challenges As health systems shift to value-based care as well as overcome
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GHX Acquires Explorer Surgical: Getting Closer to the Patient
What You Should Know: - Today, GHX announced it has acquired Chicago-based Explorer Surgical, operator of a comprehensive digital and remote case support platform that connects suppliers with provider teams. Financial details of the acquisition were not disclosed. - With today’s increased focus on value-based care and reimbursements increasingly being tied to positive patient outcomes, GHX and Explorer Surgical will help enhance collaboration between healthcare providers and
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PE Firm Warburg Pincus Makes Minority Investment in GHX, Thoma Bravo Exits
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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