REDWOOD CITY, Calif. & LOUISVILLE, Colo.--(BUSINESS WIRE)--
Model N, Inc. (NYSE: MODN), the leading provider of cloud-based revenue
management solutions to life sciences, technology, and manufacturing
companies, today announced it has teamed up with Global Healthcare
Exchange, LLC (GHX), a leader in cloud-based healthcare supply chain
solutions, to improve efficiencies in the supply chain for healthcare
suppliers.
The Model N and GHX technology collaboration includes working together
so that the companies’ solutions adhere to Health Industry Distribution
Association (HIDA) industry standards. Customers using either GHX or
Model N’s Revenue Cloud for MedTech can easily incorporate standardized
transactions between systems.
Through the Model N and GHX relationship, the best practices set by HIDA
are prioritized to help ensure compliance across the supply chain.
Managing the discrepancies that occur through a lack of data or set
standards is therefore alleviated, reducing the amount of valuable time
spent on fixing errors while helping end customers receive the right
price the first time.
“We are pleased to be working with the team at Model N to make it easier
for healthcare suppliers to serve their hospital and provider
customers,” said Peter Nelson, vice president of product management at
GHX. “Data accuracy is a top priority at GHX and we are committed to
incorporating industry standards when they are beneficial to our
customers and to achieving our mission of driving efficiency in
healthcare.”
Model N customers especially benefit from this collaboration by
experiencing the value of staying current through its innovative Revenue
Management as a Service (RMaaS) delivery model.
“We are extremely pleased to be working closely with GHX to address
long-standing pain points in the healthcare supply chain,” said Nate
Taninecz, vice president of life sciences product marketing at Model N.
“These efforts ensure our customers reduce their time-to-value and
increase efficiencies with our Revenue Cloud for MedTech products.”
About GHX
Global Healthcare Exchange, LLC (GHX) drives costs out of healthcare
with cloud-based supply chain management technology and services to help
enable better patient care and savings by maximizing automation,
efficiency, and accuracy of business processes. GHX offers healthcare
providers and suppliers an open and neutral electronic trading exchange
that deliver 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. For more information, visit www.ghx.com
and The Healthcare Hub.
About Model N
Model N is the leader in Revenue Management solutions. Driving mission
critical business processes such as configure, price and quote (CPQ),
contract and rebate management, business intelligence, and regulatory
compliance, Model N solutions transform the revenue lifecycle from a
series of disjointed operations into a strategic end-to-end process.
With deep industry expertise, Model N supports the complex business
needs of the world’s leading brands in life sciences, technology and
manufacturing across more than 100 countries, including Johnson &
Johnson, AstraZeneca, Boston Scientific, Novartis, Microchip Technology
and ON Semiconductor. For more information, visit www.modeln.com.
Model N is a registered trademark of Model N, Inc. Any other company
names mentioned are the property of their respective owners and are
mentioned for identification purposes only.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005376/en/
Model N, Inc.
Leah Allen
pr@modeln.com
Source: Model N, Inc.