Category Archives: Intermediaries/GPOs +

Consolidation Trend Continues: Tufts Medical Center and Lowell General Hospital Forming System

Tufts Medical Center and Lowell General Hospital are joining forces to form a new health care system they say will offer lower-cost medical services from Southern New Hampshire to south of Boston at a time of changes sweeping through the industry. The alliance would link a 415-bed Boston teaching hospital that has been scrambling for a niche in the fast-consolidating market with one of the state’s largest community hospitals. Lowell General, which two years ago took over a crosstown rival, Saints Memorial Medical Center, has 434 beds on two campuses. Under terms of a tentative agreement approved by both boards, each nonprofit [...]

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University of Kentucky Hospital Joins Virginia Purchasing Collaborative

The University of Kentucky Hospital in Lexington, Ky., announced  today that it has joined the supply chain collaborative established  by the University of Virginia Health System in Charlottesville, Va., and VCU Medical Center in Richmond, Va. In 2007, the two Virginia hospitals combined their purchasing efforts and began working with UHC and its supply contracting company, Novation. The University of Kentucky Hospital will now also benefit from the power of combined purchasing volume, which will help all three hospitals reduce their costs. University of Kentucky Hospital, University of Virginia Health System, and VCU Medical Center are all participants in UHC Supply Chain Intelligence, through which they have access to an extensive portfolio of product [...]

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Premier Acquires MEMData –New Capabilities To Help Providers Reduce CAPEX and Construction Costs

Premier, Inc. PINC +0.22% today announced it has acquired MEMdata, LLC, an equipment planning, sourcing and analytics business focused on capital equipment needs for existing medical facilities, as well as those under construction. The addition of MEMdata’s capabilities is expected to enhance Premier’s ability to drive meaningful supply chain savings for its hospital and health system members in the high-cost areas of construction and capital equipment acquisitions. “Capital equipment is a large-spend category that presents challenges for our members since products are purchased infrequently and technology changes rapidly,” said Premier President and CEO Susan DeVore . “Capital equipment planning is an [...]

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Premier and American Society of Anesthesiologists To Develop Perioperative Surgical Home Collaborative

In an initiative designed to improve patient experience, outcomes and reduce readmissions, the American Society of Anesthesiologists (ASA) today announced it has chosen Premier, Inc. (NASDAQ: PINC) to help it develop a first-of-its-kind learning collaborative for the ASA’s Perioperative Surgical Home (PSH) model of care. ASA’s PSH is a patient-centered, physician-led, team-based practice model of coordinated care that guides a patient throughout the entire surgical experience. The collaborative is intended to bring together health care organizations to develop, pilot, and evaluate this innovative model to improve care for surgical patients from the moment surgery is planned, through recovery and discharge [...]

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In Search of the Perfect Order?

Realizing an ambitious goal makes us feel good. Setting a goal and failing to live up to it doesn’t. While procurement organizations continue to make great strides in placing additional spend under management, the lofty expectations that originally drove the early rush to P2P automation have been lowered on certain fronts. Yes, it’s easy to point to less-than-stellar implementations and/or technologies that just weren’t up to task, but there are other culprits—like the danger in placing too much focus on process and/or our tendency to take a “permanent breather” after a failed attempt. In short, while process efficiency/automation is obviously [...]

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ConvergeHEALTH Announces Yet Another Collaboration: Moffitt Cancer Center/M2Gen Joins the Consortium

ConvergeHEALTH by Deloitte is announcing that M2Gen, a wholly-owned subsidiary of Moffitt Cancer Center, has joined its real-world evidence and analytics consortium to help transform cancer care around the use of personalized medicine. M2Gen joins the consortium initiated by Intermountain Healthcare and ConvergeHEALTH to contribute toward biomarker discovery, gene-based clinical trial matching and real-world evidence generation to support the shift to personalized medicine in oncology. M2Gen has one of the world’s richest sources of oncology and personalized medicine insights as a result of Moffitt Cancer Center’s Total Cancer Care® program. Total Cancer Care helps researchers and caregivers address the needs of [...]

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ACell Enters National Purchasing Agreement with Novation, Awarded Innovative Technology Designation for MatriStem® Devices

ACell, Inc., a leading regenerative medicine company focused on the development, manufacturing and commercialization of tissue repair products, today announced that it has entered into a national purchasing agreement with Novation for the Company’s MatriStem® devices. The MatriStem devices also were awarded the elite Innovative Technology designation from Novation. The designation underscores the clinical benefits of ACell’s standalone MatriStem technology for surgical soft tissue repair and complex wound management. The new contract with Novation marks the second major group purchasing organization agreement for the Company, effectively broadening physician access of MatriStem to an additional 100,000 healthcare providers. Novation awarded ACell’s MatriStem [...]

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Single Use Devices (SUDs) –Sustainability and Cost Savings Creating Perfect Storm For Demand Growth

The size of the medical disposables market is massive and still growing. According to a recent report by Freedonia Market Research Group, “US demand for disposable medical supplies is forecast to increase 4.3 percent annually to $46.7 billion in 2016.” From general surgical tools to the most commonly used in specialized orthopedic and arthroscopic applications, single use devices (SUDs) have found their rhythm under the cover of “sustainability,” of all things. And because it’s now fashionable to make a case for change on the basis of cost savings –if nothing else– the SUD manufacturers are experiencing a perfect storm in customer [...]

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Pricing Transparency: Are Taxpayers Swinging at Windmills?

Regardless of your politics, most of us can agree that the market for health care in the United States isn’t really working all that well. The libs tell us that a market failure has occurred, and that we need government to intervene to correct that failure — by expanding public insurance programs, subsidizing private insurance, etc. Although the conservatives don’t exactly concede that such a failure has happened, they do believe that things would get better if we simply got government out of the way and made consumers better informed. In other words, take care of the information asymmetry that [...]

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GHX Begins Restructuring One Week After Its Acquisition

GHX  is “restructuring” its workforce, company officials confirmed Tuesday. When asked about layoffs, GHX officials would not comment on how many of the company’s employees were affected. But as of yesterday, GHX had not yet notified the Colorado Department of Labor and Employment of any such reductions, so who knows? Of course, what’s interesting is that the action comes just a week after  PE firm Thoma Bravo completed its acquisition of the company. “Today, GHX realigned its organization to strategically invest and position the company for growth across its global operations,” GHX officials said in a statement e-mailed to the Daily Camera [...]

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Taxing Hospitals Not Working Out for Connecticut –Bad For Business

The Connecticut Hospital Association said last week that collectively state hospitals saw their operating income decline by $175 million in 2013, based on financial reports filed with the state Office of Health Care Access. For example, Stamford Hospital saw its net revenues decline by about $15 million in 2013. The three hospitals that now comprise the Western Connecticut Health Network — Danbury, New Milford and Norwalk — also saw their net revenues decline by $14.5 million, a trend being repeated throughout the state, except in just a few hospitals located in the state’s most affluent communities. What happened? While there were [...]

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VHA Announces Marketing Agreement with Care Logistics

Late Friday, VHA announced an agreement with Care Logistics. Through this agreement, VHA is now offering Care Logistics’ Hospital Operating System (HOS), a logistics-based centralized care coordination model and technology system, to its member hospitals nationwide. The HOS optimizes patient throughput from admissions to discharge, improving care quality and patient satisfaction. The system includes:  Hub-and-Spoke Care Coordination Model, which redefines roles and processes to ensure that everyone providing patient care does the right, most productive things, at the time across all departments Patient Logistics processes and software to help ensure that patients, rooms, beds and transport are always ready Order Logistics, [...]

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The Debate Over The FDA’s Newly Proposed Rule Covering Generic Drug Labeling

Legislators are gearing up to debate the merits of a new proposal by the U.S. FDA to change the way generic drug labels are updated to reflect newly discovered safety risks. Those “for” and “against” have recently turned up the volume on their arguments. Indeed, the FDA’s comment period ends today. Briefly, the FDA’s new rule would permit generic drug manufacturers to temporarily update the labels on their products if they suddenly became aware of new safety issues that might pose a risk for consumers. Those updates, which would be done through the submission of a Changes Being Effected (CBE) [...]

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Contract Manufacturers Riding a Wave of Demand for More Personalized Medical Devices

Long recipients of the iconic stiff arm –or did I mean to say “ironic”– contract manufacturers have clearly found their rhythm in the medical device marketplace. Why ironic? Because branded manufacturers in highly regulated markets, like medical devices, have been slow to embrace contract manufacturing options, fearing quality-related liabilities and diminished production/capacity flexibilities –the very benefits that turn out to be the basic tenets of the contract manufacturer’s value prop. To be considered competitive these days, contract manufacturers must be turnkey solution providers –from design services thru manufacturing to reverse logistics.  And for contract manufacturers wanting to play in the [...]

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Thoma Bravo Completes GHX Acquisition

San Francisco and Louisville, Colo. – March 11, 2014 – Thoma Bravo, LLC, a leading private equity investment firm, has completed its acquisition of Global Healthcare Exchange, LLC (GHX), a provider of connected, intelligent healthcare supply chains. “GHX is one of the most significant companies in healthcare today because of its focus on enabling better patient care and billions in savings for providers and suppliers in the healthcare community,” said Seth Boro, managing partner at Thoma Bravo. “We wanted to partner with GHX and its management because the company is leading the charge in transforming the healthcare industry supply chain model to deliver cost [...]

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New Congressional Support for Pharmacy Choice Provision in Medicare Proposed Rule

The National Community Pharmacists Association (NCPA) said today that four recent congressional letters to the Centers for Medicare and Medicaid Services (CMS) reflect support for the “any willing pharmacy” provision contained in CMS’ broader proposed rule for 2015 Medicare Part D prescription drug plans. Under the proposal, more seniors would have access to “preferred” co-pays at independent community pharmacies willing to accept “preferred pharmacy” contracts. “While the debate continues over certain elements of Medicare’s proposed rule for drug plans, there is now substantial and vocal support for giving seniors greater pharmacy choice and convenience at no added cost to Medicare,” said NCPA CEO [...]

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