GHX’s automated ordering software cutting costs

Global Healthcare Exchange LLC in Louisville wants to save $5 billion for its customers by 2014 – through automation.

Hospitals and other health groups pay Global Healthcare Exchange, or GHX, a subscription fee for the automated ordering service. Among regional participants in the program are Avista Adventist Hospital in Louisville, Boulder Community Hospital in Boulder and about 45 other hospitals and clinics in the Denver metro area.

An estimated 85 percent of the 4,000 licensed hospitals in North America, or a “critical mass,” orders through GHX software, said Bruce Johnson, the company’s chief executive and president. He characterized the company as one…