• Physician preferences

GHX also revealed its commitment to innovating in the sector in May with its partnering deal with Hashed Health, a leader in blockchain innovation for healthcare. The goal is to work on blockchain and distributed ledger innovation projects in the healthcare supply chain space.

Blockchain has huge potential in such secure-transaction arenas as product tracking, credentialing, auditing, master data management, contracting, and order processing – as it “creates a shared system of record among business network members, eliminating the need to reconcile disparate ledgers,” according to industry leader IBM. These members are permissioned – so data is need-to-know – and the “chain” of “transactions” is unchangeable and undeletable, even by the admin.

“Data is at the center of our business and blockchain offers healthcare an interesting opportunity to innovate around data at new levels that may add exponential value and efficiencies,” said Peter Nelson, vice president, Product Management at GHX, of the Hashed Health deal.

Founder and CEO at Hashed Heath, John Bass, began working on supply chain issues in the late 90’s. “My work in supply chain has focused on proving that trading partners in healthcare can mutually benefit by working together in new ways,” he said, adding that the GHX partnership “begins a new chapter in our quest to create shared value in the healthcare supply chain.”

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