Latest news with #GHX
Forbes
22-05-2025
- Health
- Forbes
How Leaders Can Navigate The Fragile Supply Chain In Healthcare
Tina Vatanka Murphy, CEO & President, GHX. In late 2024, Hurricane Helene struck the Carolinas, shutting down one of the nation's key producers of IV fluids. Just as hospitals began to adapt, a labor strike at 36 major U.S. ports further disrupted the flow of medical supplies and pharmaceuticals. These events came on the heels of the Covid-19 pandemic—a crisis that should have been our wake-up call to build stronger, more resilient systems. Instead, they exposed just how little has changed. Our healthcare supply chain is facing a fragility crisis, with each new disruption compounding the last and leaving hospitals to navigate operational chaos at the very moment patients need them most. In recent years, the drive to cut costs has often overshadowed building resilience. While saving money might look good on paper, it can compromise the long-term stability of the supply chain. A single disruption—a geopolitical hiccup, a natural disaster or even an unexpected blockage—should not have the power to halt the flow of life-saving supplies. In response, I believe leaders must re-examine the healthcare supply network and shift the focus from cost savings to building resilience—all while keeping expenses in check. Here's how: Warning signs come in the form of delayed shipments, expensive stockpiling, lean staffing and overreliance on a single source of essential supplies. These issues force healthcare leaders into tough decisions that directly impact patient care. For instance, an uptick in shipment delays or backorders can force healthcare facilities to spend additional time and resources sourcing alternative supplies, diverting focus from patient care to logistical firefighting. As CEO of a company that partners with many of the healthcare industry's leading integrated hospital systems, I hear firsthand how these disruptions are playing out on the ground. Hospital leaders share stories of sleepless nights, delayed procedures and staff burnout—all symptoms of a supply system ill-equipped for volatility. These conversations fuel my conviction: We must stop treating fragility as the cost of doing business. No single issue sits behind this crisis. Unpredictable economic conditions, rising costs and other external pressures have combined to destabilize the supply network. Market volatility has tightened financing and escalated costs, making it harder for organizations to balance budgets. With 69% of medical devices in the U.S. manufactured solely abroad, additional pressures like tariffs further compound these challenges. Meanwhile, rising healthcare costs are projected to outpace economic growth in the next decade. Add to that the intensifying impacts of climate events, workforce disruptions and global supply interruptions and the picture becomes clear: This isn't a series of isolated incidents. It is systemic fragility that reveals just how ill-equipped our current supply models are to withstand disruption. Solving this crisis isn't just a matter of fixing processes—it's a test of leadership. It requires courage to disrupt outdated procurement models, reimagine cost structures and invest in resiliency even when budgets are tight. This is the moment for leaders to lean into uncertainty and act boldly on behalf of the patients and providers who depend on us. We are entering a new era—one where technology has finally caught up to our boldest ambitions. Amid these challenges, many hospitals are adopting increasingly smarter approaches by leveraging data and automation to drive purchasing decisions and streamline operations. For example, AI is helping hospitals modernize core supply chain workflows by making data more accessible, decisions more actionable and operations more resilient. With conversational reporting, supply chain leaders can ask natural-language questions and instantly surface visual insights—without relying on dashboards or stretched IT teams. AI co-pilots are improving order accuracy by identifying and resolving root causes behind fulfillment errors. In the face of growing backorders, intelligent triage systems can now assess clinical and operational risk, prioritize response and recommend substitutions. And in the operating room (OR), AI is optimizing surgical preference cards, reducing waste and standardizing supply use across procedures. These aren't future aspirations—they're live capabilities that are helping hospitals reclaim time, reduce variation and strengthen the systems that support patient care. I believe organizations that invest in technology and transparency will prove more resilient, driving a meaningful shift in how healthcare logistics operate. As leaders, this is a once-in-a-career opportunity to turn disruption into progress. I invite leaders across the industry to meet this moment—not just to respond to fragility, but to rethink, rebuild and lead forward. The time for bold, purpose-driven leadership is now. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Yahoo
25-02-2025
- Business
- Yahoo
GHX Celebrates Excellence among Leading Healthcare Providers with 2024 Supply Chains of Distinction Award
LOUISVILLE, Colo., Feb. 25, 2025 /PRNewswire/ -- Global Healthcare Exchange (GHX) today announced the recipients of its Supply Chains of Distinction Award for 2024, which honors excellence in hospitals and health systems across North America. This prestigious award recognizes GHX Exchange-connected provider organizations that drove best-in-class efficiencies by most successfully executing "perfect order" metrics during the 2024 calendar year – a measure of an organization's supply chain performance. This year's class of winners will be honored at the 2025 GHX Summit, which will take place May 13-16, 2025, in Atlanta, GA. "Even in the face of unprecedented fragility in the healthcare supply chain, these remarkable organizations continue to push forward to drive meaningful change," said Tina Vatanka Murphy, President and CEO of GHX. "By harnessing automation, trusted data and deeper clinical integration, they're not only strengthening supply chain efficiency but also creating a more resilient, sustainable foundation for the future of healthcare." The following 2024 Supply Chains of Distinction recipients represent the top 25 performers for transaction volumes across three organizational segments - Small, Medium and Large. Small Blanchard Valley Health System (Findlay, OH) Bozeman Health (Bozeman, MT) Brooklyn Hospital Center at Downtown Campus (Brooklyn, NY) Carteret Health Care (Morehead City, NC) CentraState Healthcare System (Freehold, NJ) Children's Hospital of Orange County (Orange, CA) Connecticut Children's (Hartford, CT) Contra Costa Health (Martinez, CA) Erie County Medical Center (Buffalo, NY) Eskenazi Health (Indianapolis, IN) Fort HealthCare, Inc. (Fort Atkinson, WI) Greater Baltimore Medical Center (Baltimore, MD) Ivinson Memorial Hospital (Laramie, WY) Major Hospital (Shelbyville, IN) North Oaks Health System (Hammond, LA) The Polyclinic (Seattle, WA) St. Claire Regional Medical Center (Morehead, KY) Saint Francis Healthcare System (Cape Girardeau, MO) St. Johns Health (Jackson, WY) Southwest General Health Center (Middleburg Heights, OH) TJ Regional Health (Glasgow, KY) UAB Medical West (Bessemer, AL) University of Alabama Health Services Foundation (Birmingham, AL) University of Toledo Medical Center (Toledo, OH) Weirton Medical Center (Weirton, WV) Medium Ann & Robert H. Lurie Children's Hospital of Chicago (Chicago, IL) Cape Cod Healthcare (Hyannis, MA) Children's of Alabama (Birmingham, AL) El Camino Health (Mountain View, CA) Erlanger Health (Chattanooga, TN) Harris Health System (Houston, TX) Marshall Health Network (Huntington, WV) The MetroHealth System (Cleveland, OH) Mohawk Valley Health System (Utica, NY) Nationwide Children's Hospital (Columbus, OH) Northern Light Health (Brewer, ME) Presbyterian Healthcare Services (Albuquerque, NM) The Queen's Health System (Honolulu, HI) Riverside Health (Newport News, VA) Roswell Park Comprehensive Cancer Center (Buffalo, NY) San Antonio Regional Hospital (Upland, CA) Seattle Children's (Seattle, WA) South Shore Health (South Weymouth, MA) TMC Health (Tucson, AZ) TriHealth (Cincinnati, OH) UC Irvine Health (Irvine, CA) UK King's Daughters Medical Center (Ashland, KY) University of Tennessee Medical Center (Knoxville, TN) UW Health - Northern Illinois Region (Rockford, IL) Valley Medical Center (Renton, WA) Large Allina Health (Minneapolis, MN) Beth Israel Lahey Health (Cambridge, MA) Catholic Health System (Buffalo, NY) Children's Healthcare of Atlanta (Atlanta, GA) ECU Health (Greenville, NC) Henry Ford Health (Detroit, MI) Loma Linda University Health (Loma Linda, CA) M Health Fairview (Minneapolis, MN) McLaren Health Care (Grand Blanc, MI) NewYork-Presbyterian (New York, NY) Nuvance Health (Danburry, CT) NYC Health + Hospitals (New York, NY) OhioHealth (Columbus, OH) Penn State Health (Hershey, PA) Providence Health & Services (Renton, WA) Rush University Medical Center (Chicago, IL) St. Luke's Health System (Boise, ID) Sarasota Memorial Health Care System (Sarasota, FL) Scripps Health (San Diego, CA) Sentara Health (Norfolk, VA) Tufts Medicine (Burlington, MA) UC San Diego Health (San Diego, CA) UChicago Medicine (Chicago, IL) UCLA Health (Los Angeles, CA) VCU Health (Richmond, VA) These organizations ranked as top performers in "perfect order' metrics, reflecting their proficiency in automating and optimizing supply chain processes from purchase through payment. GHX customers have visibility to their Perfect Order performance via the Supply Chain Analytics dashboard on the GHX platform. For more information on this Award, please visit our dedicated Supply Chains of Distinction Award page. About GHX Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of cloud-based supply chain solutions, visit and Resource Center. Media Contact:Greta Gustafson, Highwire PR/GHXghx@ View original content to download multimedia: SOURCE Global Healthcare Exchange (GHX) Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Ares Management Serves as Administrative and Collateral Agent for Over $1 Billion in New Financing to Support the Recapitalization of GHX
NEW YORK, February 06, 2025--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ("Ares") announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC ("GHX"). Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GHX serves the majority of healthcare manufacturers, distributors and GPOs alongside hospitals representing a high percentage of total U.S. hospital beds. The strategic financing will enable GHX to strengthen its capital structure and have the flexibility to achieve its long-term strategic objectives. "Since first providing financing to GHX in 2014, we have seen the progression of GHX's compelling solutions offering, blue chip customer base and track-record of performance all while maintaining its focus on a healthy balance sheet," said Brian Kim, Partner in the Ares Credit Group. "We are pleased to continue building on our relationship with the GHX team through this latest investment, which we believe will help the company to further reinforce its differentiated position as they capitalize on long-term growth opportunities." "We appreciate Ares' continued confidence in GHX's vision," said Tina Vatanka Murphy, President and CEO of GHX. "This strategic financing strengthens our ability to invest in innovation and further support healthcare organizations in improving operational efficiency and patient outcomes. With this support, GHX is well positioned to continue executing on its growth strategy while delivering the solutions our customers rely on to navigate an evolving healthcare landscape." GHX is a portfolio company of Temasek, an investment company based in Singapore. Warburg Pincus is also a significant minority owner of GHX. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over $484 billion of assets under management, with operations across North America, Europe, Asia Pacific and the Middle East. For more information, please visit About GHX Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of cloud-based supply chain solutions, visit and The Healthcare Hub. View source version on Contacts Jacob Silber, +1-212-301-0376media@
