Global Healthcare Exchange (GHX) today announced that it has completed the acquisition of Atlanta-based Vendormate, a privately held company that specializes in vendor relationship management solutions for healthcare providers and suppliers. Financial terms of the deal were not disclosed.
Vendormate solutions help healthcare providers better manage the process of who they do business with including vendor on-boarding, business associate management, representative credentialing solutions, vendor identification for sourcing events, and managing contracts within the healthcare system. In addition, Vendormate helps healthcare suppliers achieve the highest level of compliance when it comes to meeting the credentialing and policy requirements of the healthcare providers they do business with.
"Creating better visibility to healthcare supply chain data is a strength of both GHX and Vendormate," said Bruce Johnson, CEO and president of GHX. "By coming together, our mutual customers will get much richer data about their business partners and the activities that are occurring between them. This is important for both suppliers and providers who must meet increasing regulatory requirements around business relationships while also helping to ensure a safe environment for healthcare workers and patients."
This acquisition builds on GHX's supply chain management platform by allowing healthcare providers and suppliers to further understand their supply chain spend, including what might be at risk due to non-credentialed vendor relationships. This also extends GHX's procure-to-pay solutions with a complementary set of capabilities to help heathcare further improve the automation, efficiency and accuracy of business processes to drive healthcare savings. GHX will operate Vendormate as a wholly owned subsidiary and identify opportunities to improve automation, efficiency and accuracy of the complementary solutions through analytics and integrated data flow. To learn more about Vendormate visit, www.vendormate.com.
Global Healthcare Exchange, LLC (GHX) is driving costs out of healthcare by transforming the healthcare supply chain. Working with providers and suppliers, GHX is accelerating change by providing a faster, more efficient and collaborative supply chain that will take billions of dollars out of the cost of healthcare. For more information, visit www.ghx.com and The Healthcare Hub.