Global Healthcare Exchange (GHX) has entered into an agreement to acquire Atlanta-based Vendormate, the leader in vendor relationship management software. The idea behind the move is add Vendormate’s vendor credentialing capabilities to the GHX supply chain portfolio, and deliver even greater supply chain visibility for healthcare providers and suppliers at a time when healthcare is facing increased regulation.
“Bringing the Vendormate solutions for company and rep credentialing into the GHX portfolio gives providers and suppliers even greater opportunities to work together to improve the cost and quality of healthcare,” said Bruce Johnson, CEO and president of GHX.
Following the close of the acquisition, GHX will operate Vendormate as a wholly owned subsidiary and identify opportunities to improve automation, efficiency and accuracy of the complementary solutions through analytics and integrated data flow. This will enable customers to have improved vendor visibility and information in order to make better business decisions.
With over 4,000 hospitals and 18,000 provider facilities in the GHX community, the acquisition creates more value to healthcare providers and suppliers and reinforces GHX’s commitment to remove cost from healthcare.