WESTMINSTER, Colo. and SIOUX FALLS, S. D. - September 9, 2002 - Kreisers Inc., a regional distributor of medical equipment and supplies in the Midwest, has joined Global Healthcare Exchange, LLC (GHX) as a distributor member. Kreisers will make its products available to healthcare providers participating in GHX’s Internet-based electronic trading exchange. Kreisers joined GHX in order to better serve its customers who have chosen GHX as their e-procurement solution. Created to improve efficiencies and reduce costs in the healthcare supply chain, GHX enables healthcare providers, suppliers and distributors to conduct business with multiple trading partners through a single Internet connection. The GHX AllSourceÔ catalog is the first in healthcare to be built on industry standards, with normalized data verified, maintained and owned by suppliers. The accuracy of the GHX AllSource™ catalog helps prevent many of the mistakes in the ordering process that result in time-consuming and costly reconciliations for both buyers and sellers. “Joining the GHX partnership of manufacturers, distributors, and healthcare providers gives Kreisers access to the industry standard for e-commerce and data exchange,” says Kreisers Vice President Phil Johnson. “We hope our involvement will make it easier for our customers to employ e-commerce and realize the benefits and savings associated with using the GHX platform for placing orders and other transactions within the distribution channel.”
“As an open and neutral healthcare trading exchange, GHX is creating opportunities for buyers and sellers of healthcare products to more easily and efficiently conduct business with one another,” says GHX Chief Executive Officer Mike Mahoney. “We welcome Kreisers to our growing list of distributor members and look forward to enhancing Kreisers’ ability to best serve its customer base through GHX.”
About Kreisers Inc.
Originally founded in 1905 as a pharmacy by Frederick Kreiser, Kreisers expanded in 1951 to its current Sioux Falls location and opened its Rapid City, S.D. location. Today, Kreisers is a $26 million regional supplier with four locations and over 50 employees. Kreisers offers complete lines of medical equipment and supplies to hospitals, physicians, nursing homes and home health care providers. The company is led today by David Larson, the founder's grandson.
About Global Healthcare Exchange (GHX)
Global Healthcare Exchange, LLC (GHX) has created an open and neutral Internet-based trading exchange, along with additional value-added products and services, to reduce costs and improve efficiencies for all participants in the healthcare supply chain. GHX’s members and strategic partners include suppliers and distributors; integrated delivery networks (IDNs), hospitals and ancillary healthcare facilities; group purchasing organizations and their proprietary healthcare trading exchanges; and supply chain technology companies. GHX has built the AllSource™ product catalog, the first in healthcare to be based on industry standards and contain normalized data owned and verified by suppliers. The accuracy of the AllSource catalog enables GHX to successfully address many of the most common and costly problems inherent in healthcare procurement. Equity owners of GHX include Johnson & Johnson; GE Medical Systems; Baxter International, Inc.; Abbott Laboratories; Medtronic, Inc.; AmerisourceBergen Corporation; B. Braun Medical Inc., Becton, Dickinson & Co.; Boston Scientific Corporation; Cardinal Health, Inc.; C.R. Bard, Inc.; Fisher Scientific International Inc.; Guidant Corporation; McKesson Corporation; Siemens Medical Solutions and Tyco International, Ltd. For more information visit www.ghx.com.