$2 billion mark in supply chain savings passed

Global Healthcare Exchange, which is a company that helps to lower the cost of doing business in healthcare by constructing better supply chain management, recently passed the $2 billion mark in supply chain savings among its North American customers.

GHX trading partner's savings have been tracked since January 2010 as part of a strategic goal of reducing healthcare costs by $5 billion over the course of five years.

"This is an important milestone for the healthcare industry," said Bruce Johnson, president and CEO of GHX. "Our industry continues to face incredible scrutiny and we need to work together to aggressively cut costs from our healthcare system. GHX is working with members of our GHX Global Network in the U.S. and Canada to provide a catalyst to driving more than $46 billion in electronic dollar volume through the GHX Exchange in 2012."

GHX has been an extremely influential company in the healthcare supply chain, accumulating more than 24,600 acute and non-acute care provider organizations and 10,900 medical-surgical supplier divisions in the United States, Canada and Europe.

On its website, GHX lists 10 ways for healthcare organizations to save on supply chain expenses. One tip is to centralize purchasing, another is to consider both the cost and efficacy of supplies used in the healthcare environment.