Late last week, GHX reached an exciting milestone. The ticker on our homepage, which tracks how much money GHX customers have saved by transacting business through our exchange, reached the $2.5 billion mark! We are now more than halfway to our goal of taking $5 billion out of the cost of healthcare in five years.
So what does this mean to the healthcare community? Providers and suppliers are sending more of their transactions electronically and connecting with more trading partners through GHX. They are becoming more efficient and automated in their procurement processes and saving real dollars. We’re currently working on some new research for individual organization savings directly from use of GHX solutions and our findings confirm that the higher the utilization, the higher the savings (more to follow on these important new findings in an upcoming post).
Because we love quantifying savings at GHX, here are some other figures supporting the $2.5 billion in savings:
We recently discussed the fiscal cliff that healthcare is facing as we move into 2013. Meeting the $2.5 billion milestone is more important to us now than ever, because we realize that we are playing our part to help take cost out of healthcare. We will continue expanding upon this figure to help our customers continue their savings well into the New Year and beyond.