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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

network of thousands of participants on both the buy and sell side, GHX has created the first four-way collaborative solution to synchronize pricing data for the U.S. healthcare industry."

Effective contract management requires that all parties share, in a timely manner, accurate information related to factors such as tier pricing and commitments, customer eligibility and price activation dates. When information is inconsistent or delayed, errors occur that create rework and higher labor costs. These errors also cause financial issues for the various parties such as inaccurate pricing, rebates and chargebacks. As a result, unnecessary cost can be incurred and resources diverted from the primary focus of the healthcare supply chain: the delivery and use of products to optimize patient care.

About GHX

As the business hub for healthcare, Global Healthcare Exchange, LLC (GHX) enables healthcare providers and suppliers in North America and Europe to reduce costs and improve margins by automating processes, reducing operating expenses and increasing knowledge-based decision making.  Products and services include trading partner connectivity, order and contract management and validation, data synchronization, sales force automation and business intelligence. Equity owner
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