Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment




Business Affairs Homepage

Air medical transportation: How a 15-minute ride may cost $30,000, and how we can change it Reducing sky-high transport expenses

Canon's Vital Images wins DoD contract Maximum $100 million fixed‐price contract for radiology and imaging systems

Are you GDPR compliant? It's not just a question for EU-based companies Here are the top eight considerations

Security tightening at hospitals for patient safety A noticeable change is occurring at the front entrance to hospitals

Johnson & Johnson completes Auris Health deal The $3.4 billion acquisition could include additional payments up to $2.35 billion

Follow-up imaging study points to benefits of automated notification Raising the bar on manual callbacks

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Mergers do nothing for quality of care, lower patient satisfaction, says study Based on 29 data points and the assessment of 16 processes of care

GE Healthcare IPO on hold as new deal takes spotlight Selling biopharma business to Danaher for over $21 billion

Asheville Radiology Association joins Strategic Radiology The latest expansion by the imaging coalition brings 43 new physicians to the table

GHX closes Medical Columbus buy

by Thomas Dworetzky , Contributing Reporter
Global Healthcare Exchange (GHX), which provides cloud-based supply chain technology, solutions, analytics, and services in the healthcare space, has closed its acquisition of Germany-based Medical Columbus AG.

Financial details weren't given for the deal, which boosts the European supply chain and products portfolio for GHX.

Story Continues Below Advertisement

Servicing GE Nuclear Medicine equipment with OEM trained engineers

We offer full service contracts, PM contracts, rapid response, time and material,camera relocation. Nuclear medicine equipment service provider since 1975. Click or call now for more information 800 96 NUMED

“Our mission at GHX is to remove costs from healthcare, and the completion of this acquisition helps us further that goal,” GHX CEO and president, Bruce Johnson, said in a statement, adding, “With the products and talent we’re adding from Medical Columbus, GHX is broadening a global trading partner network in Europe that will benefit multinational suppliers and local European provider customers alike to deliver cost and process efficiencies.”

GHX offerings include procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management and “other supply chain-related tools and services,” according to the company.

The deal was first announced in July, at which time Johnson noted that the assets and talent being acquired would be “a tremendous addition” that would expand “our footprint” in Europe.

CEO at Medical Columbus Dirk Isenberg highlighted the deal's potential “to help drive down costs in healthcare, allowing our customers access to best of breed e-catalogue and e-procurement solutions.”

Medical Columbus, founded in 1998, is considered an e-health pioneer in the areas of procurement processes, with a transaction platform that synchronizes IT systems and catalog data from hospitals, medical device makers and the pharmaceutical industry.

In 2015, Tina Vatanka Murphy, now chief revenue officer for GHX, weighed in on the traditionally high costs in the field compared with others as part of a 64-organization roundtable that looked at the issue in the October 2015 issue of HealthCare Business News magazine.

“Because the supply chain crosses organizational boundaries, the actions of one party impact all of the parties with which it transacts business. This can result in unintentional but very real costs,” she wrote at the time.

The roundtable's top-five cost boosters included:

• Mistrust and lack of communication (between the right people)
• Freight charges and excess inventory
• The complexities of healthcare contracting
• The shadow supply chain (clinical involvement in the supply chain)
  Pages: 1 - 2 >>

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.