Global Healthcare Exchange (GHX) marks the company’s 15th anniversary in tandem with the kick-off today of its annual Supply Chain Summit, the largest industry event for healthcare supply chain leaders. Coinciding with the company’s anniversary is new data from the 2015 Annual HiMSS Leadership Survey that, for the first time, confirms the increasingly strategic role of the healthcare supply chain, identifying it as a top 10 business priority for healthcare leaders.
GHX was founded in 2000 to address the mounting issues facing the healthcare industry: cost control, decreasing profitability, and the overall lack of operational agility and efficiency. GHX envisioned the supply chain, once a tremendous source of waste, as a strategic function that could be transformed through advanced technology to reshape the healthcare industry and deliver reduced costs and improved efficiency, while enhancing overall quality of patient care. Since its founding, GHX has helped providers and suppliers automate and eliminate manual supply chain processes, driving improved operational efficiency and business insight, while cutting more than $6 billion from the cost of healthcare since 2010.
"While the healthcare industry has collectively made huge strides over the past 15 years to automate and improve the supply chain, our work is not over," said Bruce Johnson, CEO of GHX. “Continued industry consolidation, the introduction of new regulations and standards, such as the U.S. FDA GUDID, and the ongoing implementation of the Affordable Care Act make the healthcare supply chain increasingly complex."
"The good news is that the supply chain has become a boardroom-level issue, with leaders from both the supplier and provider communities working together more closely than ever to strip out inefficiencies and improve processes," Johnson added. “GHX is proud of the role we’ve played in reshaping the healthcare supply chain and we plan to continue our leadership during the coming 15 years. Facilitating productive conversations, like the ones taking place this week during our Supply Chain Summit, is just one of the ways in which we’ll continue to identify business challenges that can be met through advanced supply chain technology.”
GHX Drives Industry Momentum
Today more than 22,000 healthcare provider facilities and more than 10,000 healthcare suppliers and distributors transact business electronically through GHX’s e-commerce Exchange. In 2014 alone, the GHX Exchange transacted $62 billion in business, processed 200 million purchase order lines and initiated 500 million price validation checks.
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. In November 2014, GHX acquired Vendormate, a leader in vendor credentialing and procurement cycle management software and services for healthcare providers and suppliers. For more information, visit www.ghx.com and The Healthcare Hub.