September 30, 2016 2:24 AM ET

Health Care Technology

Company Overview of Global Healthcare Exchange, LLC

Company Overview

Global Healthcare Exchange, LLC, a healthcare technology company, provides supply chain solutions for healthcare providers/suppliers, group purchasing organizations, healthcare manufacturers, and distributors worldwide. It offers an solution that helps users’ organization to get the right implant at the right price/time; a contract management tool; a tool for setting supply chain goals/tracking progress, viewing trending, driving improvements, and measuring results; Exchange Services that automates ordering process, reduces manual work, and eliminates barriers; MetaTrade, which converts electronic data interchange orders into fax or e-mail format; a content management solution; OnDemand AP t...

1315 West Century Drive

Louisville, CO 80027

United States

Founded in 2000

Phone:

720-887-7000

Fax:

720-887-7200

Key Executives for Global Healthcare Exchange, LLC

Chief Executive Officer and President
Executive Chairman
Chief Financial Officer
President of GHX Europe
Vice President and General Counsel
Compensation as of Fiscal Year 2016.

Global Healthcare Exchange, LLC Key Developments

Global Healthcare Exchange, LLC Launches Enhanced Version of Healthcare Industry Portal

Global Healthcare Exchange, LLC launched the latest version of its interoperable industry portal for contract price alignment functionality designed to resolve the root cause of price alignment issues in healthcare. The GHX Collaboration Portal is designed to sync information on all stakeholders involved in a contract within the healthcare supply chain the manufacturer, distributor, group purchasing organization (GPO) and provider in one place to achieve price alignment. The new features and functionality in GHX Collaboration Portal have been integrated with Premier Inc.'s performance improvement platform PremierConnect to improve the price activation experience for manufacturers. The portal is also being enhanced to include distributors in the price activation workflow. With Collaboration Portal, a contract can be delivered via electronic data interchange to a distributor the same day it is executed and new prices loaded by all stakeholders more quickly and efficiently. This helps to eliminate inaccurate purchase orders, disputed invoices and rebate/chargeback discrepancies, as well as provide timelier response rates for all stakeholders.

Mohawk Shared Services Inc. Selects Global Healthcare Exchange, LLC’s CCXpert and Nuvia®

Global Healthcare Exchange, LLC announced that Mohawk Shared Services Inc. has selected CCXpert and NuVia® to help it realize full procurement automation for all its member hospitals and sites. MSSI is working with GHX to further drive efficiencies within its procure-to-pay lifecycle through visibility, automation and standardization. As a shared services organization (SSO), MSSI works with hospitals to enable procurement efficiencies and to realize cost savings at a time when every dollar counts. Yet with 17 member hospitals and 30 sites across the province of Ontario, each of which has its own IT system and procurement processes, the lack of standardization, automation and timely data analytics were hindering all parties from optimizing cost savings. MSSI turned to GHX and its CCXpert and NuVia solutions to create a single integrated contract solution that will cleanse the data and bring immediate procurement efficiencies and savings to the hospitals across their contracts. With its previous manual contract management system, MSSI and their member hospital’s spent countless time and resources uploading paper contracts. With GHX CCXpert, MSSI benefits from highly automated contract management. The solution helps ensure that MSSI and its member hospitals maintain pricing accuracy and can access timely purchasing reports and updates in real time. To take full advantage of this real-time data, MSSI also implemented GHX NuVia to gain detailed, granular visibility into its data. Despite MSSI’s members having data in different, often complex systems, the NuVia content management solution helps enable MSSI to access and share continuously cleaned, updated and standardized data feeds. With GHX, MSSI helps its member hospitals buy the right products at the right price, reduce or eliminate contract discrepancies and manual reconciliations, and find new opportunities for cost savings. With up-to-date, clean product data, MSSI can validate those savings and access unprecedented insights to help align clients’ financial and clinical goals.

Global Healthcare Exchange, LLC Launches Healthcare Exchange

Global Healthcare Exchange, LLC announced at the company's annual Healthcare Supply Chain Summit that it has launched a new version of the company's GHX Global Exchange. The result of a three year, multimillion development initiative called CoreX, the new GHX Global Exchange employs the latest in cloud technology advancements to help ensure that it remains the most advanced and sophisticated ecommerce exchange available in healthcare. With 15 years of industry experience, utilizing highly advanced technology and a team of expert industry talent, the CoreXdeveloped Global Exchange delivers a platform that delivers advances in security, scalability, reliability, transparency and usability for real time interactions between trading partners like never before. Today, with more than 22,000 healthcare provider facilities and more than 10,000 healthcare suppliers and distributors transacting business through the GHX Global Exchange, the new capabilities help ensure that GHX customers and the healthcare industry have access to an innovative solution designed specifically for healthcare. The GHX Global Exchange was redesigned from the ground up to take advantage of technological advances in cloud security, scalability to handle the increasing volume of data that permeates healthcare, and the agility required to keep pace with industry needs. In addition, the new Exchange is designed to take advantage of technology advances in computing infrastructure, connectivity and cloud computing. The new GHX Global Exchange includes: Advanced access control and authentication framework; Encryption inflight and atrest; Complete audit trail of all document activity, as well as user change audit log Centralized, easytouse key and certificate management; Best in class architectural scale and system availability; Cloudresource "burst" during peak usage to meet increased demand; Purposebuilt for all healthcare transactions, not just medicalsurgical supplies; Ability to segment traffic in the event of emergency or time sensitive purchase orders, invoices; 100% cloudbased architecture; Failsafe operation in multiple cloud "zones" in a geographic region; Seamless failover to alternate geographic regions integrates traditional "disaster recovery" from the ground up; Ability to clearly see where docs are anywhere in the cloud; Exchange health visibility and dashboards; Customizable event triggers and alerts for advanced analytics and automation; Automated service management and operational efficiency; Selfservice features such as registration, alerting and rules management; Available on any device anywhere - mobile phone, laptop, tablet, etc.; Responsiveness enabled to allow GHX to deliver new solutions to customers faster than ever; Customer migrations to the CoreXdeveloped Global Exchange were begun in March 2015 and will continue through 2015.

Similar Private Companies By Industry

Company Name Region
1747, Inc. United States
1EQ, Inc. United States
20over8, Inc. United States
21CT, Inc. United States
3AM Technologies, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 29, 2016
H-Card, LLC
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Global Healthcare Exchange, LLC, please visit www.ghx.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.