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GHX Joins the Oracle PartnerNetwork
Date:9/22/2009

LOUISVILLE, Colo., Sept. 22 /PRNewswire/ -- GHX today announced that is has joined the Oracle((R)) PartnerNetwork. Through this membership, GHX will have further insight into Oracle products as well as access to sales and marketing resources and specialized training for Oracle partners.

Hospitals that are mutual customers of GHX and Oracle can streamline the ability to review real-time data to make more strategic and cost-effective purchasing decisions. Customers can access GHX's validated data repositories from within their Oracle and/or PeopleSoft procurement applications. Clinicians and others responsible for requisitioning products are then able to search their specific contracts for items and, as necessary, find additional product information to source the best products to meet their needs. By improving compliance and price validation, the combined GHX and Oracle solution addresses a primary challenge for hospitals working to contain healthcare costs--how to effectively manage highly dynamic product and contract information.

On average, changes are made each year to one-third of the 30 million-plus medical-surgical products on the market in the U.S. Further, each group purchasing organization (GPO) is estimated to make as many as 30,000 changes to contract data each month. With data changing so frequently, it is difficult for hospitals to effectively maintain accurate, up-to-date and enriched data in their systems. As a result, hospitals often purchase products at higher costs and are unable to achieve better pricing.

By using Oracle and GHX to validate GPO pricing, hospitals can easily identify which products are on contract for their facilities. If they cannot find a product they need that is on contract, clinicians and other authorized personnel can search GHX's database of nearly one million items by various criteria including part number, manufactur
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SOURCE GHX
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