Johnson & Johnson, Medtronic Enter Pilot Program for More Efficient Supply Chain Ordering

New Brunswick, N.J.-based Johnson & Johnson and Minneapolis-based Medtronic are partnering with four hospitals on a collaborative pilot program using an experimental implant ordering software system developed by Louisville, Colo.-based Global Health Exchange, according to a Wall Street Journal report.

GHX's system electronically scans implants being used in a procedure. The scan produces an automatic invoice, making the ordering process more efficient and less prone to human error, according to the report.

GHX's chief commercial officer, Derek Smith, said the system should be widely available in the second half of 2014, priced at $40,000 annually for device makers and approximately $1,000 for hospitals, according to the report.

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