Jordan Health Systems recognizes 19.5 percent reduction in contract spend in three months; $1.2 million savings projected for 2009
Dallas, TX (Vocus) April 14, 2009 -- Broadlane has helped Jordan Health Systems in Plymouth, Massachusetts, recognize a 17 percent reduction in Med/Surg contract prices and a 2.5 percent reduction in pharmacy contract prices. It is expected that this reduction will result in $1.2 million in savings for 2009 for Jordan Health Systems with its $35 million in annual supply spending.
"I am extremely pleased with our new relationship with Broadlane," said Peter Holden, president and chief executive officer, Jordan Health Systems. "Not only are the services proficient, necessary and advanced, they are relatively easy to incorporate into our organization. The transition has gone much faster than I would have reasonably expected. We have made more true progress in just a few months with Broadlane than in years with our prior vendors and efforts. The results are real and critical for us as we move through this economic malaise. We all look forward to more fully developing our relationship in the future."
Jordan Health Systems accesses Broadlane's national GPO portfolio of consumable supplies, equipment, pharmaceuticals and purchased services and also uses OnRamp® (Broadlane's client portal) for contracting and BroadLink® (Broadlane's e-commerce exchange), to streamline purchasing processes.
"It's been a pleasure working with Jordan Health Systems to implement these savings and improvements," said Brenda LaForge, VP, account management, Broadlane. "One of Broadlane's key differentiators is our excellent, hands-on client service. Before the agreement with Jordan Health Systems even began, we were developing a client workplan to ensure a swift and seamless transition to Broadlane. I truly believe our excellent client service helped ensure such a quick and successful savings delivery."
Through a new arrangement with The Preference Group™, Broadlane clinicians will provide an array of consulting services to Jordan Health Systems focused on reducing the cost of specific physician preference items and improving related procurement processes, which will help Jordan Health Systems realize an even greater financial improvement in the future.
"We are proud Jordan Health Systems has recognized such an immediate benefit from working with Broadlane," said David Ricker, president and chief executive officer, Broadlane. "So many of our clients have discovered similar financial and operating improvements since becoming Broadlane clients. With limited operating budgets, it is imperative healthcare providers examine all alternatives to select the best partner to help deliver these financial and operating improvements. With Broadlane, Jordan Health Systems receives the same negotiated contract pricing as our large IDN clients. Our close client contact, which is integral to our business model, is also a testament to the smooth transition and quick contract implementation savings."
About Jordan Health Systems:
Jordan Health Systems is a not-for-profit corporation in Plymouth, Massachusetts. Its facilities include Jordan Hospital, Cranberry Hospice, the Jordan Health and Wellness Center and Jordan Physician Associates.
Jordan Hospital is proud to be a not-for-profit hospital, and has been for more than 100 years. We serve a dozen towns in Plymouth and Barnstable counties in Massachusetts. Cranberry Hospice, also not-for-profit, has been dedicated to its patients for a total of more than 25 years.
Broadlane is the leading technology-oriented healthcare services company, reducing cost and creating operational efficiencies for thousands of acute care hospitals, ambulatory care facilities, physician practices and other healthcare providers in the United States. Its core services include supply chain management and clinical workforce management services.
Broadlane's comprehensive supply chain services include:
The company is headquartered in Dallas with offices in Cincinnati, Detroit, Houston, New York City and Oakland. For more information, visit www.broadlane.com.
jim.webb (at) broadlane (dot) com
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