2001 GHX Press Releases

Iselin, N.J. and Westminster, Colo., April 3, 2001 -- Siemens Medical Solutions has joined Global Healthcare Exchange, LLC (GHX) as a principal equity member. As one of the world's leading suppliers of medical technologies, Siemens' expertise, resources and product breadth will advance GHX's goal to improve procurement processes for hospitals and healthcare providers. GHX is an Internet-based trading exchange that is building a normalized, verified industry-standard catalog from which hospitals can purchase both medical and non-medical products. Ultimately, GHX's industry-standard catalog and flexible connectivity options will make it easier, faster and less expensive for healthcare organizations to conduct business. Siemens joins the existing equity members of GHX: Johnson & Johnson, GE Medical Systems, Baxter International Inc., Abbott Laboratories, Medtronic Inc., Becton, Dickinson and Co., Boston Scientific Corporation, C.R. Bard Inc., Guidant Corporation and Tyco International, Ltd. Siemens Takes Exchange to a New Level "The addition of Siemens Medical as an equity member creates a truly comprehensive and global group of industry leaders who can really make an impact," said GHX President Mike Mahoney. "Siemens' participation in the exchange is a great enhancement to our customer offering thanks to its strategic importance worldwide. The addition of Siemens to the exchange will enable us to provide our healthcare customers cost reductions through improved efficiencies, and the up-to-date and verified product information they need." GHX Complements Siemens e-Business Strategy "Web-based technologies are spawning entirely new business models that go far beyond online buying forums. It only makes sense for us to leverage our experience and technological expertise to advance the healthcare industry," said Dr. Erich R. Reinhardt, president and chief executive officer of Siemens Medical Solutions. "Our equity participation in GHX is consistent with Siemens' e-business strategy to bring value to our customers by creating more efficient buying processes and reducing costs. Coupled with our investment in SiemensMedical.com, these Web-enabled services will help our customers solve major challenges--including cost, patient information management, and quality of care issues." Siemens' e-Business strategy gives hospitals and healthcare providers critical knowledge, new ways to purchase equipment and supplies, remote equipment management, online training and consulting, ASP solutions for clinical and administrative information technology needs, and better overall health management tools. About Siemens Medical Solutions Siemens Medical Solutions, (Erlangen, Germany), one of the largest suppliers of medical technologies in the world, offers complete integrated solutions comprising innovative medical devices, advanced information technology, as well as consulting services that increase efficiency of the healthcare system while improving the quality of care to patients worldwide. The company develops and manufactures a broad range of medical equipment including imaging systems for diagnostics, radiation therapy equipment for treatment, audiological products, life support and patient monitoring systems, anesthesia equipment and information technology solutions. Employing 28,000 worldwide, in fiscal 1999/2000, the Company reported new orders of 5.3 billion Euro and sales of 5.1 billion Euro. For more information visit www.siemensmedical.com. About Global Healthcare Exchange Global Healthcare Exchange, LLC (GHX), provides business-to-business procurement solutions for the healthcare industry. Utilizing Internet-based technology, the company seamlessly integrates hospitals and suppliers, thereby improving efficiencies and adding value throughout the supply chain. GHX provides single-source ordering and tracking for both medical and non-medical products. The privately held company was founded in March 2000 and now comprises more than 70 supplier members and 200 hospital members. Equity members of GHX include Johnson & Johnson, GE Medical Systems, Baxter International Inc., Abbott Laboratories, Medtronic Inc., Becton, Dickinson and Co., Boston Scientific Corporation, C.R. Bard Inc., Guidant Corporation, Tyco International, Ltd. and Siemens Medical Solutions. For more information visit www.ghx.com. Contacts Cheryl Flury Director of Marketing Global Healthcare Exchange 720.887.7000 Kimberly Cooper Siemens Corporation (732) 906-3802 kimberly.cooper@sc.siemens.com Lisa Miller or Jason Rodman BRW Legrand for GHX 303-298-8470 lmiller@brwlegrand.com
Posted on Tuesday, April 03, 2001 Posted by host
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