Global Healthcare Exchange Reveals Acquisition of Hap-X

Global Healthcare Exchange, a leader in cloud-based healthcare supply chain management solutions, today announced that it has acquired Omaha based H-Card, LLC, a leader in automated payment management solutions.

This acquisition, which becomes GHX’s second in only 19 months, expands the company’s financial products portfolio to deliver even greater payment choice and value.

Hap-X will operate as an entirely owned subsidiary of the company.

Both of these companies have cemented their commitment to solutions for providers and suppliers in healthcare.

The offering of these two elements gives GHX the ability to expand its healthcare solutions into a complete demand-to-pay portfolio of software sand services.

The Hap-X payment exchange will be an important component to the GHX portfolio by enabling providers and suppliers to choose the optimal value payment type per trading partner through a multi-mode payment platform that delivers mutual benefits to each party.

“Hap-X is a great addition to the GHX family. This is an acquisition our customers have been asking us to complete in order to help them solve the payment management challenges that are adding costs to healthcare,” said Bruce Johnson, CEO and president of GHX. “With this acquisition, we are creating a payment exchange available in healthcare’s largest business process network and offering payment method choice so that the trading partners can decide what is most effective for their relationship. Outside of GHX there is no solution that encompasses multiple payment methods, remittance, and a network model. This is great for our customers.”

“We are very excited about being part of GHX and seeing the larger and more strategic role that payment management will play in driving down costs in healthcare,” added Mike Carmody, president and CEO at Hap-X. “The acquisition by GHX allows Hap-X customers, both providers and suppliers, to do business with a partner who can help solve even more of their supply chain and payment management problems, while improving their total cost and operational performance. Today’s announcement is really a win for healthcare.”