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GHX Acquires Beep N Track to Accelerate Delivery of Healthcare Industry's First Implantable Device Supply Chain Solution
Date:2/14/2012

LOUISVILLE, Colo., Feb. 14, 2012 /PRNewswire/ -- GHX today announced that the company has completed the acquisition of the Beep N Track solution from Implanet. The acquisition is the latest move by GHX to expand its extensive healthcare footprint to include the industry's first comprehensive supply chain solution for physician preference items (PPI) and implantable medical devices. Financial terms were not disclosed.

The GHX implantable device supply chain solution will continue the company's commitment to developing industry solutions that allow providers and manufacturers to jointly automate shared business processes for greater efficiencies. The GHX solution will capture data from product purchase to product usage at the point of care, creating capture capability for compliance, while enabling accurate billing, purchasing and inventory tracking. 

Today, managing implantable devices is a largely manual process laden with lost revenue through incorrect charge capture, inadequate purchasing controls, lack of data for value analysis, and excessive labor and inventory costs. Based on its extensive research GHX believes that better management of PPI clinical, operational and financial processes can help increase revenue capture, lower supply chain costs and improve staff productivity.

"The healthcare market is losing more than $5 billion every year due to the inadequacy of current solutions in the implantable device supply chain," said Bruce Johnson, CEO and president of GHX. "When we talk with our customers, who span the entire healthcare marketplace from suppliers to providers, the need for an implantable device solution is top of the list. They tell us that an end-to-end solution that automates and links the entire implantable products supply chain will save money and eliminate waste. This is precisely what GHX has been doing for the past 12 years in the medical-surgical market. This is an opportunity to help the industry in a way
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