Global Healthcare Exchange Acquires Explorer Surgical

Global Healthcare Exchange Acquires Explorer Surgical

Healthcare Tech Outlook | Wednesday, November 24, 2021

Summary: Explorer Surgical's digital and remote case assistance allows providers and suppliers to interact on a much wider scale, making treatments more efficient and repeatable through accessible training and clinical evidence.

FREMONT, CA

Providers and suppliers will share more risk management responsibilities as reimbursements become increasingly related to favorable patient outcomes. Surgical and procedural suites provide the most intrusive and costly types of patient care, making it challenging to achieve value-based care goals. These difficulties are exacerbated in the field of expensive implanted devices, as providers increasingly rely on their network, which includes suppliers, to enhance outcomes and cut costs.

Global Healthcare Exchange (GHX), a healthcare business and data automation company, has acquired Chicago-based Explorer Surgical, operator of a comprehensive digital and remote case help platform that connects suppliers with healthcare provider teams. The combined business will help providers and suppliers deliver a higher quality standard for patient care by connecting Explorer Surgical's digital expertise in creating new procedure playbooks, telementoring, and performance tracking solutions with GHX's cloud-based supply chain system and industry-leading collection of information and clinical evidence. GHX will run Explorer Surgical as a completely owned subsidiary.

Scaling collaboration and knowledge-sharing between healthcare suppliers and providers becomes crucial as more treatments transition to outpatient settings. Telementoring can assist speed up the dissemination of specialist information to providers throughout the country, which is essential for shortening time to market for innovative products and improving procedural practices. Explorer Surgical's digital and remote case assistance allows providers and suppliers to interact on a much wider scale, making treatments more efficient and repeatable through accessible training and clinical evidence. This allows more patient care decisions to be based on best practices and data, resulting in better outcomes.

This acquisition comes after GHX's purchase of Lumere in January 2020, as part of the company's objective to continue providing better data and information to providers and suppliers to improve patient care.

Weekly Brief