GHX Strengths, Domain Expertise, and Key Differentiators
Global Healthcare Exchange is a healthcare business and data automation company, empowering healthcare organizations to enable better patient care and maximize industry savings using its world-class cloud-based supply chain technology platform. GHX brings together healthcare providers, manufacturers, and distributors in North America, and Europe, who rely on proven healthcare-focused technology and comprehensive data to automate business processes and make more informed, timely, and fact-based decisions. Solutions span procurement and account payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management, and other supply chain-related tools and services.
GHX Recent Developments
In June 2021, GHX updated their Vendormate Kiosk, which now features expanded Visitor Management capabilities. The Vendormate Kiosk allows for faster, efficient contact-free check-ins.
In April 2021, Global Healthcare Exchange introduced its new Vendormate Kiosk. The Vendormate Kiosk is the only integrated mobile app and kiosk solution that overlays infection control with credentialing requirements to allow for improved facility safety and security. This helps organizations solve the credentialing challenges brought on by COVID-19 and prepare for future compliance and infection control protocols to meet the dynamic environment. With the Vendormate Kiosk, organizations can create safer spaces for patients, providers, visitors, and vendors while reducing risk.
In March 2020, with cases of COVID-19 steadily rising throughout the United States, healthcare organizations are pressed to cope with a host of new challenges. In response, Global Healthcare Exchange launched the COVID-19 Information Center to help organizations access the data and information needed to help serve patients and protect staff during the evolving pandemic.
In September 2018, Global Healthcare Exchange launched a mobile-enhanced Vendormate Credentialing application with new geolocation service capabilities. The mobile application provides healthcare suppliers and providers an efficient and convenient solution that can increase compliance of provider procedures and federal mandates while utilizing industry best practices for vendor credentialing."
GHX Mergers and Acquisitions (M&A) Activities
In October 2021, acquired Explorer Surgical, developer of digital procedural playbooks, real-time video collaboration, and performance tracking tools that put best practices into the hands of procedural teams. The companies' acquisition of Explorer Surgical extends GHX’s portfolio of solutions that support the delivery of value-based healthcare, which align purchasing and utilization decisions with clinical evidence
In January 2020, GHX acquired Chicago-based Lumere, a provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management. The Lumere acquisition expands GHX’s growing portfolio of innovative solutions that help healthcare organizations run the new business of healthcare – one where payments for care delivery are increasingly tied to the quality of care and efficiency. By combining the powerful assets of GHX and Lumere, GHX seeks to create the gold standard in data governance, providing a single source of trusted information for the management of devices and drugs used in the delivery of care. The Lumere acquisition also significantly extends GHX’s footprint in the pharmaceutical market, helping health systems more strategically manage the complex area of pharmacy costs.
In October 2018, Global Healthcare Exchange completed the acquisition of a majority of assets and employees of Germany-based Medical Columbus. The acquisition bolsters GHX’s European supply chain and procurement products portfolio to deliver even greater efficiency and value to healthcare providers, suppliers, and group purchasing organizations (GPOs)."
GHX Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying GHX applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of GHX and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified GHX CoreX customers.
Ownership: - x
Number of Employees: 1200
GHX Key Enterprise and Cloud Applications
GHX Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
GHX Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
GHX Enterprise Applications Revenues By Functional Markets, $M:
GHX Enterprise Applications Revenues By Verticals, $M:
GHX Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
GHX Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
GHX Customers - Breakdown by Geo, Size, Vertical and Product
No. of GHX Customers: 6550
No. of GHX Enterprise Applications Customers: x
No. of GHX Cloud Customers: x
No. of GHX Cloud Subscribers: 32000
More than 4100 healthcare providers and 600 manufacturer divisions in North America and another 1500 provider organizations and 350 suppliers in Europe do business electronically through its trading exchange.
GHX Best 50 Customers are as follows: Akron General Health System, Allina Health System, Baptist Health of Northeast Florida, Baptist Healthcare System, Blanchard Valley Health Center, Bon Secours Health System, CarolinaEast Medical Center, Centura Health, Community Health Network, Community Medical Center - Fresno, County of Santa Clara, Crouse Hospital, El Camino Hospital, Fairview Health Services, Freeman Health System, Greater Baltimore Medical Center, Group Health Cooperative, Hackensack University Medical Center, Harborview Medical Center, Harris Health System, Henry Ford Health System, Lehigh Valley Health Network, Lucile Packard Children's Hospital, Mary Washington Healthcare, Medical University Hospital Authority, MultiCare Health System, NorthBay Healthcare, Ochsner Clinic Foundation, Parkview Medical Center, Presbyterian Healthcare Services, Riverside Health System, Saint Francis Hospital and Medical Center, Seattle Children's Hospital, Southwest General Health Center, St.Joseph's Hospital Health Center, Stanford Health Care, The University of Chicago Medicine, Tucson Medical Center, Tufts Medical Center, UCLA Healthcare, UF Health, United Health Services Hospital, UCSF Medical Center, University of Colorado Health, Valley Medical Center, Virginia Commonwealth University, Virginia Mason Medical Center, Wayne Memorial Hospital, Westchester County Health Care, Yale-New Haven Health Services."
GHX Market Opportunities, M&A and Geo Expansions
In June 2021, Global Healthcare Exchange (GHX), entered into a definitive agreement to receive a strategic investment from Warburg Pincus, a global growth investor. As part of this transaction, minority investor Thoma Bravo has exited its investment. Existing investor Temasek, an investment company headquartered in Singapore, will remain the majority equity holder, and both Temasek and GHX are supportive of the investment by Warburg Pincus.
With the acquistion of Medical Columbus AG, GHX is broadening a global trading partner network in Europe that will benefit multi-national suppliers and local European provider customers alike to deliver cost and process efficiencies and it bolsters GHX’s European supply chain and procurement products portfolio to deliver even greater efficiency and value to healthcare providers, suppliers, and group purchasing organizations (GPOs).
GHX Risks and Challenges
With increased competition from group purchasing organizations such as Premier and Vizient, GHX may have to offer additional value-added services in order to boost wallet shares among healthcare providers, while plotting expansion moves in other regions such as the Middle East and the Asia Pacific.
GHX Ecosystem, Partners, Resellers and SI
In May 2018, Global Healthcare Exchange partnered with Hashed Health, a leader in blockchain innovation for healthcare. The companies will collaborate on blockchain and distributed ledger innovation projects for the healthcare supply chain. GHX and Hashed Health share an interest in using blockchain technologies to solve unmet needs across healthcare. Blockchain is widely believed to have tremendous potential to drive efficiencies in areas such as product tracking, professional credentialing, auditing, master data management, contracting, and order processing.
GHX Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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