Bayer diagnostics unit joins Global Healthcare Exchange

25 April 2005

Bayer HealthCare, Diagnostics Division, a part of the German Bayer group, has said that it has entered into an agreement with Global Healthcare Exchange, which offers an open and neutral electronic trading exchange to improve supply chain efficiencies. Through this agreement, Bayer Diagnostics aims to enhance the "buying experience" for its customers by streamlining the purchasing process and reducing costs.

With a comprehensive portfolio of diagnostics products for the central and physician office labs, Bayer Diagnostics will integrate into GHX's trading exchange, enabling it to connect to, and conduct business electronically with more than 2,000 hospitals and other health care providers. With this, the firm says its customers can improve transaction quality and processing time, while health care providers can increase both the types of products purchased and the percentage of their overall purchasing conducted electronically.

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