Global Healthcare Exchange Announces Acquisition of Lumere
Louisville, CO – Monday, January 13, 2020 – Global Healthcare Exchange (GHX) today announced it has acquired Chicago-based Lumere, a leading provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management. The Lumere acquisition expands GHX’s growing portfolio of innovative solutions that help healthcare organizations run the new business of healthcare – one where payments for care delivery are increasingly tied to quality of care and efficiency. By combining the powerful assets of GHX and Lumere, GHX seeks to create the gold standard in data governance, providing a single source of trusted information for the management of devices and drugs used in the delivery of care. The Lumere acquisition also significantly extends GHX’s footprint in the pharmaceutical market, helping health systems more strategically manage the complex area of pharmacy cost.
Lumere has emerged as the industry leading source of technology solutions that drive evidence-based device and drug utilization and purchasing decisions. Spend on medical products and drugs represents one of the fastest growing expenses for US health systems. The combination of Lumere’s capabilities with GHX’s unmatched network of providers and suppliers will enable the industry standard for device and drug intelligence needed to optimize patient value.