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Healthcare Supply Chain | Medical Supply Chain| News, Analysis, Trends - HIT Consultant

M&A: GHX to Acquire Prodigo Solutions

by HIMSS23 Coverage 04/17/2023 Leave a Comment

M&A: GHX to Acquire Prodigo Solutions

What You Should Know: - Today, Global Healthcare Exchange (GHX) announced that it has signed a definitive agreement to acquire Pittsburgh, Penn.-based Prodigo Solutions, Inc. (Prodigo), a supply chain and data enablement technology company. - Prodigo was founded in 2008 by UPMC, the world-renowned Pittsburgh-based healthcare provider and insurer. Prodigo’s offerings help to broaden the healthcare supply chain’s span of control, expanding the potential for savings
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Think Retail: What the Medical Supply Industry Can Learn from the Marketplace Revolution

by JT Garwood, CEO and Co-founder of bttn 02/13/2023 Leave a Comment

Think Retail: What the Medical Supply Industry Can Learn from the Marketplace Revolution

Through years of disruption and advancement, the retail industry has evolved tremendously to meet the increased demands of a broadening consumer base. However not every industry – and most notably healthcare — has progressed with the times and buyers’ needs. The healthcare supply chain specifically must expand beyond its antiquated roots to better serve buyers. Just as in retail, where the U.S. has seen exponential growth over the last 20 years, according to the U.S. Census Bureau, the
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GHX Launches Lumere Consulting Services for Clinically Integrated Supply Chain

by Jasmine Pennic 08/08/2022 Leave a Comment

GHX Launches Lumere Consulting Services for Clinically Integrated Supply Chain

What You Should Know: - GHX Lumere announced the launch of its consulting service to support healthcare providers that want to optimize savings and reduce clinical variation. - This premium service combines clinical expertise, data, evidence and technology to help hospitals and health systems improve supply chain performance.  Lumere Consulting Services Offering As hospital operating margins continue to lag, many organizations are looking to achieve savings through
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GHX Names The Top 50 Hospitals for Supply Chain Excellence

by Jasmine Pennic 03/08/2022 Leave a Comment

GHX Names The Top 50 Hospitals for Supply Chain Excellence

What You Should Know: GHX today announced its annual list of the Best 50 supply chains, which recognizes the highest performing healthcare provider organizations in North America. These honorees set the standard for supply chain excellence by improving operational performance while driving down costs through supply chain automation. Healthcare Providers Modernizing Supply Chain Operations Selected among more than 4,100 hospitals connected to the GHX digital trading network (Exchange) in
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GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform

by Fred Pennic 02/28/2022 Leave a Comment

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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Why “Just in Time” is “Just Not Right” for Optimizing the Healthcare Supply Chain

by Matt Stewart, CEO and Partner at RiseNow 11/04/2021 Leave a Comment

Why “Just in Time” is “Just Not Right” for Optimizing the Healthcare Supply Chain

The ongoing shortage of COVID-19-related masks and personal protective equipment (PPE) has sent shockwaves through the healthcare industry; we’ve all seen the newscasts and forecasts predicting these supply chain disruptions aren’t going anywhere anytime soon. Since China implemented its first lockdown at the start of the pandemic, it created a cascading effect of redirecting a reduced supply to their own country amplifying supply chain issues around the world – and unprepared hospitals have
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PE Firm Warburg Pincus Makes Minority Investment in GHX, Thoma Bravo Exits

by Jasmine Pennic 06/03/2021 Leave a Comment

Healthcare Supply Chain Market Private Equity Firm Acquires GHX, Healthcare Supply Chain Leader

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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UPS Healthcare Expands Specialty Pharmaceutical Offerings with End-to-End Cold Chain Capabilities

by Jasmine Pennic 05/24/2021 Leave a Comment

UPS Healthcare Expands Specialty Pharmaceutical Offerings with End-to-End Cold Chain Capabilities

What You Should Know: - UPS Healthcare today announced it is enhancing its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a comprehensive suite of cold chain technologies, best-in-class capabilities to support healthcare customers.  - UPS Cold Chain Solutions is purpose-built to provide pharmaceutical companies, healthcare providers and laboratories a full, end-to-end cold chain service offering, including storage and distribution,
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COVID Exposed The Dire Need for Real-Time Healthcare Data Sharing

by Birju Shah, Head of Product for Uber Health & Communities, and Nick Jordan, Founder and CEO, Narrative 03/31/2021 Leave a Comment

COVID Exposed The Dire Need for Real-Time Healthcare Data Sharing

In a world where technology and Big Data can provide us with instantaneous access to our banking transactions, and our financial information and credit reports can be retrieved with a few keystrokes when applying for a mortgage -- trying to get access to our own healthcare data is exasperating.  Beyond exasperating, is the frightening situation when the inability to access up-to-date and accurate information, can result in an aggravated medical condition or even death. Before the
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Shoring Up the Healthcare Supply Chain: 4 Lessons From The COVID-19 Pandemic

by Karen Conway, Vice President, GHX 04/29/2020 Leave a Comment

Shoring Up the Healthcare Supply Chain: 4 Lessons From The COVID-19 Pandemic

In December 2019, the Assistant Secretary for Preparedness and Response told a House committee that “supply chain issues were among the most significant challenges to preparing for an influenza pandemic as well as other infectious diseases.”  A few months later, healthcare systems across the country and around the world are face-to-face with that harsh reality, as many of the largest healthcare suppliers are unable to fully meet the growing global demand for personal protective equipment
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