The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

ghx.com

Founded Year

2000

Stage

Secondary Market | Alive

About Global Healthcare Exchange

Global Healthcare Exchange is a software-as-a-service company that’s reducing the cost of doing business in healthcare by automating supply chain processes and improving visibility into the products used in patient care.

Global Healthcare Exchange Headquarter Location

1315 W Century Drive Suite 100

Louisville, Colorado, 80027,

United States

720-887-7000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Global Healthcare Exchange

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Global Healthcare Exchange is included in 1 Expert Collection, including Digital Health.

D

Digital Health

12,800 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Global Healthcare Exchange Patents

Global Healthcare Exchange has filed 27 patents.

The 3 most popular patent topics include:

  • Supply chain management
  • Procurement
  • Accounting source documents
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/7/2019

8/31/2021

Procurement, Supply chain management, Diagrams, Information technology management, Data management

Grant

Application Date

1/7/2019

Grant Date

8/31/2021

Title

Related Topics

Procurement, Supply chain management, Diagrams, Information technology management, Data management

Status

Grant

Latest Global Healthcare Exchange News

Global Healthcare Exchange Enhances Automation, Data Analytics and Inventory Management Capabilities with Acquisition of Syft

Mar 1, 2022

GHX Strengthens Growing Portfolio of Solutions to Help Organizations Meet the Demands of Healthcare’s Value-Based Future Global Healthcare Exchange ( GHX ) announced it has acquired Tampa, Fla.-based Syft®, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services. As a wholly owned subsidiary of GHX, Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. As health systems continue the shift toward value-based care and seek to overcome challenges of COVID-19, they face significant pressures due to workforce shortages, reimbursement challenges, mounting supply costs and persistent sourcing difficulties. Consider: Centers for Medicare & Medicaid Services (CMS) has a goal to have close to 100 percent of reimbursements tied to value-based contracts by 2025. By the end of 2021, hospital operating margins were down 5.8% for the year compared to pre-pandemic levels, excluding CARES Act funding. Nearly a quarter of U.S. hospitals are reporting a “critical staffing shortage,” according to data from the US Department of Health and Human Services. 80% or more of health systems have experienced supply shortages, seen significant price increases and had to build up inventories to combat the effects of the pandemic. ” Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. ”  “To combat these challenges and accelerate the shift to value-based care, health systems need to transform the supply chain from a cost center to a value-driver,” said Bruce Johnson, president and CEO, GHX. “Forward-thinking leaders are investing in the digital transformation of the supply chain with the technology, data and processes required for greater collaboration, automation, visibility and data-driven decision-making. Syft provides the data and insight health systems need to reduce costs, improve efficiency and support care transformation.” Syft’s automation tools, extensive data analytics and inventory management services optimize supply chains dock-to-doc™ – from warehousing and distribution to the point of use. In doing so, Syft helps remove complexity from managing the supply chain by: Aggregating and synthesizing data to help drive more informed decision-making Capturing point-of-use supply utilization data to help reduce waste, control cost variation and improve revenue Leveraging AI and machine learning in Syft’s point-of-use tools to understand inventory levels in real-time, predict supply needs and help optimize inventory volume Pairing its point-of-use system with advanced analytics to help manage preference cards in a cost-effective way “Healthcare can be complex, but we share GHX’s vision that together we can help simplify the business of healthcare to improve outcomes so that we create a future where affordable, quality healthcare is possible,” said Todd Plesko, CEO, Syft. “The GHX network and collection of data combined with our approach to automation-driven supply chain management will help healthcare transform the supply chain, building greater resilience and agility.” A recent study conducted by Syft found that nearly 80% of hospital leaders say supply chain optimization reduces costs and improves margins. “With hospitals spending in excess of $25 billion more than necessary each year on supply chain expenses, we see a tremendous opportunity to help enable a more efficient and value-driven healthcare system,” said Tina Murphy, Division President, Value Based Care, GHX. Syft represents the third acquisition GHX has made in the last two years that is focused on advancing healthcare’s movement to value-based care. In October 2021, GHX added Explorer Surgical, operator of a comprehensive digital and remote case support platform, and Lumere, provider of evidence-based data and analytics, in January 2020. Financial terms of the transaction were not disclosed. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to GHX. McDermott Will & Emery acted as legal advisor to Syft. Write in to  psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Global Healthcare Exchange Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Global Healthcare Exchange Rank

  • When was Global Healthcare Exchange founded?

    Global Healthcare Exchange was founded in 2000.

  • Where is Global Healthcare Exchange's headquarters?

    Global Healthcare Exchange's headquarters is located at 1315 W Century Drive, Louisville.

  • What is Global Healthcare Exchange's latest funding round?

    Global Healthcare Exchange's latest funding round is Secondary Market.

  • Who are the investors of Global Healthcare Exchange?

    Investors of Global Healthcare Exchange include Cellectar Biosciences, Advantage Capital and Venture Investors.

  • Who are Global Healthcare Exchange's competitors?

    Competitors of Global Healthcare Exchange include Chronicled.

You May Also Like

Tangem Logo
Tangem

Tangem facilitates trust with a smartcard solution, powered by a secure chip, capable of advanced cryptography that enables strong authentication and mainstream adoption of digital assets. Tangem is a physical implementation of blockchain and trust: bridging existing use cases for blockchain with practical, tangible products, thus unlocking inclusive accessibility. Besides a consumer business around crypto wallet cards, Tangem is engaging with system integrators to provide a fundamental physical component to blockchain applications for anti-counterfeit, identity and financial services.

C
Clear Blockchain Technologies

Clear Blockchain Technologies helps remove friction in complex B2B trade processes by creating a decentralized repository of commercial data and agreements.

Chekkit Logo
Chekkit

Chekkit offers anti-counterfeit solutions for supply chain tracking, last-mile data aggregation, and direct marketing. The company's mobile and desktop software allow companies to visualize data and ensure the integrity of their product.

Chronicled Logo
Chronicled

Chronicled is the custodian of the MediLedger Network, an industry-led, blockchain-powered network within the life sciences industry. Chronicled's role is to provide administration and build solutions on top of the MediLedger Network to facilitate trust and enable automation between trading partners. Its initial decentralized solutions solve business problems in supply chain and revenue management. By enabling rule enforcement between companies, Chronicled believes the power of a trusted data and transaction network will unlock efficiencies and whole new business models.

Model N Logo
Model N

Model N (NYSE: MODN) is a provider of cloud-based revenue management solutions, offering an integrated suite of applications for pricing, contracts, compliance, rebates, fees, and chargebacks optimized for the industry practices of life sciences, technology, and manufacturing companies.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.