2006 GHX Press Releases

WESTMINSTER, Colo. — October 30, 2006 — GHX has renewed its exclusive and long-standing agreement with the Health Industry Distributors Association (HIDA). Under the agreement, HIDA will continue to provide distributed healthcare products sales data for use in generating GHX Market Intelligence (formerly HPIS) reports. GHX Market Intelligence reports provide an in-depth analysis of the data, which encompasses approximately 95 percent of total U.S. sales of healthcare products sold through distribution. “By extending this relationship, GHX can enable manufacturers to make more informed business decisions based on the industry’s most comprehensive and up-to-date view into distributed healthcare products sales,” says Patrick McCarthy, Executive Vice President, GHX Business Intelligence Solutions. "HIDA and GHX are building upon a long-term partnership to give distributors and manufacturers deeper insight into sales volume, market share, and other key sales operations metrics," notes HIDA's President and Chief Executive Officer Matt Rowan. With source data provided by HIDA and more than 20 large healthcare distributors, GHX Market Intelligence reports summarize product-level sales by market segment with geographic specificity down to a three-digit zip code. With access to such a large percentage of the industry’s most reliable, timely, and complete data, the reports extrapolate the data to project 100 percent of sales through the domestic medical-surgical and clinical-lab distribution supply chain. This market visibility allows GHX Market Intelligence customers to target areas of growth and more effectively focus marketing, sales and product development resources. As part of the exclusive agreement, HIDA will promote GHX Business Intelligence products and services to its membership. McCarthy adds, “GHX’s close relationship with HIDA as a Business Intelligence Partner will allow our two organizations to collaborate on future offerings to better serve the healthcare supplier community.” About GHX GHX empowers healthcare organizations to reduce costs and improve margins. This is achieved by delivering tools and services that automate processes and increase knowledge-based decision making. Service offerings include: Exchange services that support trading partner connectivity and provide electronic transaction sets, order validation and reporting tools Content services utilizing the GHX AllSource® product content repository as the foundation for data synchronization and advanced content services Contract services that maximize contract utilization Procurement services that enable automation of the requisitioning process Business Intelligence reports designed to provide strategic decision-making data Pharmaceutical business solutions allowing manufacturers to gain control over rebate and contract management processes Sales force automation services that allow healthcare manufacturers to streamline field sales processes and improve staff efficiencies Through these services, healthcare providers and suppliers can improve efficiencies, automate processes and reduce operating expenses. Equity owners of GHX are Abbott Exchange, Inc.; AmerisourceBergen Corp.; Baxter Healthcare Corp.; B Braun Medical Inc.; Becton, Dickinson & Co.; Boston Scientific Corp.; Cardinal Health, Inc.; C.R. Bard, Inc.; Fisher Scientific International, Inc.; GE Healthcare; HCA; Johnson & Johnson Health Care Systems Inc.; McKesson Corp.; Medtronic USA, Inc.; Owens & Minor; Premier, Inc.; Siemens; Tyco Healthcare Group, LP; University HealthSystem Consortium; and VHA Inc. For more information, visit www.ghx.com. About HIDA The Health Industry Distributors Association (HIDA) is the international trade association representing medical products distributors. HIDA members primarily serve the nation's hospital, long term care, and physician/alternate care markets. HIDA offers access to networking, legislative and regulatory resources, critical industry and market data, education and training products, and events that enhance the business performance of member companies. For more information, contact HIDA at 703-549-4432 or visit www.hida.org.
Posted on Monday, October 30, 2006 Posted by host
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