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About GHX

Across healthcare, the need to cut costs and operate more efficiently has never been greater. In these turbulent times, it's not an exaggeration to say your organization's survival may depend on it. At Global Healthcare Exchange (GHX), our mission is focused on doing just that—helping increase your operational efficiency and drive down your costs of doing business. We do this by automating your supply chain, increasing visibility into information and providing business intelligence tools to help you make smarter, better and faster decisions that impact your bottom line.  

We understand how complex the business of healthcare is. So we focus on helping you simplify things so you can focus on what you do best—caring for patients or developing the next new medical-surgical product. Lowering the cost of healthcare: it's OUR business.

Delivering cloud-based technology to healthcare trading partners

As a healthcare technology company, GHX helps hospitals and the suppliers they work with increase efficiency, lower costs and, ultimately, provide better patient care. With the largest footprint in the healthcare supply chain, we deliver cloud-based technology and strategic healthcare consulting services enabling organizations like yours to make the best use of that technology.

GHX helps automate and eliminate manual supply chain processes. As a result, transactions move faster. Visibility into supply chain data improves. Hard-dollar savings can be realized. Resources can be reallocated, driven by the dramatic improvements in efficiency our solutions deliver.

We offer:

  • An open and neutral electronic trading exchange
  • Procurement and accounts payable automation
  • Content, contract and inventory management
  • Business intelligence and reporting
  • Standards enablement and data synchronization 

With GHX, you get 360-degree visibility into areas affecting both clinical and financial performance. That's because we provide access to real-time information on your market, your products, your revenue and the patient. You have the end-to-end visibility necessary for better decision making—and that can make the difference between business success and failure.

Providing an open and neutral bridge among trading partners

More than 4,100 healthcare providers and 400 manufacturer divisions in North America and another 1,500 provider organizations and 350 suppliers in Europe do business electronically through our trading exchange. As trading partners, they form the largest community in healthcare working together to streamline the purchasing and delivery of medical-surgical products. That community collectively has cut more than $4.3 billion from the cost of healthcare since 2010 and is on track to cut $5 billion by the end of 2014.

In healthcare, every dollar counts. Collaboration and trust are critical. GHX plays a pivotal role in facilitating both.

From our inception, we have provided an open and neutral bridge between healthcare providers and the manufacturing and distribution organizations that support them. We enable all parties to a transaction to conduct business quickly, accurately and efficiently. At the same time, we have been able to build a sense of community and trust among our trading partners, resulting in new ways of working together. Our common goal: balancing the cost/quality equation in healthcare.

Your survival may depend on cutting costs now

Given the challenges facing healthcare today, cutting costs has never been more important. With declining reimbursements and the mandates of healthcare reform, many hospitals find it difficult to remain profitable and some even to keep their doors open. Suppliers, on the other hand, bear the burden of selling, general and administrative expenses that are nearly twice those in any other industry.

What can your organization do to meet these challenges head on? While you know you need to plan for the future, you also must act now to bring down costs or you might not survive.

Consider these facts.

Healthcare spending accounts for 17.6 percent of the gross domestic product in the United States, and that is expected to grow at an annual average rate of 5.8 percent through 2020. Supply chain costs are the second largest and fastest growing operational expense for most hospitals, which also face declining reimbursements and uncertainties connected to healthcare reform. Studies show 30 percent of hospitals today already are unprofitable.

With few prospects for increased revenue, your best option may be to find ways to cut costs. Our job is to help you do that by making your supply chain a strategic tool. Your continued viability, and with it your ability to help patients, depends on it.

Healthcare Management Services
As a healthcare management services company, GHX is committed to advancing the business of healthcare with management solutions that keep organizations running efficiently and effectively. Successful supply chain management (SCM) strategies and practices can significantly reduce healthcare costs and, ultimately, improve patient care.

The healthcare industry has made significant inroads over the past decade with regards to e-commerce trading. Automation of the selling and purchasing process has become commonplace for providers and suppliers alike, though more can be done. Due in large part to the success of the GHX exchange, electronic data interchange (EDI) has enabled a new generation of dynamic software tools that streamline the selling/buying process, improve the accuracy and timeliness of accounts payable, facilitate use of industry standards, provide detailed business intelligence data and contract compliance.

Consultant for Healthcare Business Management and Software Solutions
With a new generation of software tools now available, and given today’s complex and rapidly changing healthcare environment, organizations are being challenged as never before. From executives to management to those on the front line administrating supply chain functions, finding new ways to increase efficiency and reduce costs can be a complicated endeavor.

Business consulting from GHX Business Solutions helps organizations sort through today’s options. With a broad and deep understanding of the unique challenges facing healthcare companies, these consultants apply their in-depth knowledge and experience to a winning strategy for healthcare organizations.

GHX is a Healthcare Supply Chain Management firm. Our main offerings include: Supply Chain Technology, Healthcare Provider Solutions, Healthcare Supplier Solutions, Healthcare Management Software and Healthcare Business Consulting for Reducing Healthcare Costs.

Common Tags: Supply Chain Mgmt Solutions, Medical Supplies, Inventory Software, Healthcare Inventory Management, Healthcare EDI, Healthcare Electronic Data Interchange, Health Care Exchange, Healthcare Ecommerce, Healthcare Product Solutions, Health Care Provider Solutions, Healthcare Supply Chain Automation, Healthcare Procurement Automation, Supply Chain Management Procurement, Supply Chain Management in Healthcare, Reduce Healthcare Costs, Healthcare SCM