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GHX Collaboration Portal Validates Contract Pricing in Real Time; First to be Used by All Stakeholders of the Healthcare Supply Chain
Date:3/18/2010

LOUISVILLE, Colo., March 18 /PRNewswire/ -- Ten-thousand healthcare provider locations, a growing number of the largest national distributors, and medical-surgical suppliers and group purchasing organizations (GPOs) are using the GHX collaboration portal to drive visibility and synchronization throughout the contracting process. Historically, agreed-upon contract prices have taken 45-60 days to be loaded into the respective systems of all parties to a contract. With this portal, a contract can be integrated with a distributor on the same day it is executed and the new prices loaded by all stakeholders in less than a week. This helps eliminate inaccurate purchase orders, disputed invoices and rebate/chargeback discrepancies.

All participants to the contracting process work together through this collaboration portal to automate what has historically been a highly manual process, helping to ensure rapid price synchronization and invoice accuracy. It is healthcare's only collaborative portal for price and contract management that enables all parties to a contract to agree on key terms and conditions. This results in an electronic Letter of Commitment (eLOC) that provides synchronization to authorized distributors and real-time visibility for all participants.

The GHX collaboration portal allows information to be shared in a secure on-line environment, enabling a virtual "handshake" among all parties. Authorized parties are presented with real-time access to pricing and eligib
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