CX Energy MarketPlace to Provide Electricity and Natural Gas Supply Savings for Child Health Corporation of America

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CX Energy Marketplace, an Energy Management Company that is best in class in supply-side procurement and a business unit of Co-eXprise, Inc., has signed an agreement to provide energy procurement services and technology to Child Health Corporation of America (CHCA) to help the organization realize savings in its electricity and natural gas purchases.

CX Energy will deliver program and data management, real time Internet negotiation/auction technology, legal review and energy market analysis to Child Health Corporation of America. CHCA anticipates that its owner hospitals will realize best contract terms and market price that is 5 to 10 percent better than current energy procurement practices.

CX Energy Marketplace addresses the challenges surrounding energy procurement for both conventional and green power and has proven to deliver real value and enhance health care customers' profit and loss statements.

During the energy procurement process, both CX Energy and CHCA are supplier-neutral. All supplier bids are immediately contractible, enabling the customer to quickly award energy contacts and lock-in best market price. CX Energy's sourcing processes also define the organization's energy spend and bid parameters, which reduces risk for suppliers and drives aggressive competition. CX Energy will also evaluate and negotiate contract and energy product variables that might otherwise cause confusion or hinder a fair bid comparison. As a result, CHCA owner hospitals can fairly evaluate suppliers and the procurement process is compliant with health care procurement regulations and procedures.

About CX Energy Marketplace:
CX Energy Marketplace provides a totally transparent and comprehensive sourcing approach to managing an organization's individual or consortium energy requirements.

This is accomplished by leveraging the technology of the parent company, Co-eXprise, Inc., which includes both manual and online auction bid capabilities to achieve best market price and terms for each and every one of its customers. CX Energy MarketPlace also includes a team of legal, energy, risk management, and strategic procurement professionals, collectively representing over 200 years of experience. CX Energy market segments include data centers/telecommunications, property management, health care, government, education, industrial/manufacturing and retail.

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About Child Health Corporation of America:
CHCA, based in Shawnee Mission, Kan., represents more than 20,000 physicians, 100,000 employees, $14 billion in revenue and $1.8 billion in overall medical, surgical and pharmaceutical products. CHCA Owner hospitals are North America's leading children's hospitals and are widely known for their excellence in caring for America's children.

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Shannon Baker

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