2001 GHX Press Releases

NEW YORK and WESTMINSTER, Colo., March 19, 2001 - Global Healthcare Exchange, LLC (GHX), a leading provider of business-to-business procurement solutions for the healthcare industry, has agreed to connect to Joint Purchasing Corporation (JPC), a cost management services company that provides group purchasing and supply consumption information for its 2600 members. This connection will enable JPC's healthcare provider participants to manage their procurement processes more efficiently than has been possible before, allowing hospital and alternate site staff to focus on patient care. "Connecting to GHX was a natural decision for us," said JPC President and CEO Ralph Dean. "We know our customers want to be able to choose which suppliers they purchase their products and equipment from, and the breadth of GHX's manufacturers and distributors will make that possible. We also feel good about teaming up with a company that is as committed as we are to being a long-term player in the healthcare industry." JPC will continue to provide its hospitals what Dean describes as "the backroom for sourcing, facilitating and bidding," for individualized contracts as well as cost elimination strategies and financial measurement based on utilization. "Working through GHX is yet another cost elimination strategy for us," explains Dean. "With our connection to GHX, we have the potential to streamline and automate our management resources to provide continued and improved opportunities for cost savings while still helping our members to enhance patient care and clinical outcomes. So, when developing contracts, it only makes sense to utilize the same information exchange platform that most suppliers also utilize." The first JPC members to be connected to GHX will most likely be regional network cooperatives including Coastal Cooperative of New Jersey and Cooperative Healthcare Services of South Jersey. "JPC's decision to use our industry standard catalog and our deep integration with supplier and provider members gives them a great advantage," says GHX President Mike Mahoney. "Our two companies share a common vision of helping hospitals reduce costs. Through GHX's open and neutral platform, JPC becomes a contributing member of the exchange that will enable participants to reduce costs and to continue to expand the care they provide to their communities." About Joint Purchasing Corporation Joint Purchasing Corporation is an innovative, non-profit, health services organization headquartered in New York that helps healthcare providers strengthen their bottom line by assisting in the implementation of cost control and resource management strategies. JPC began in 1922 as a shared service arm for hospitals, synagogues and social services organizations, primarily in the New York metropolitan area. For further information on JPC, please visit www.jpc.org 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 75 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 and Tyco International, Ltd. For more information visit www.ghx.com Contacts Cheryl Flury Director of Marketing Global Healthcare Exchange 720.887.7000 Lisa Miller or Jason Rodman BRW LeGrand (for GHX) 303-298-8470 lmiller@brwlegrand.com
Posted on Monday, March 19, 2001 Posted by host
Click here for more press releases