Navigation Links
MAGNET Cooperative and Procurex, Inc. Announce Integration Partnership Streamlining the Healthcare Industry's Purchasing Process
Date:3/17/2009

MAGNET Cooperative, one of the largest non-profit cooperative group purchasing and shared services organizations, and Procurex, Inc., a leading provider of strategic sourcing services, announce their integrated partnership today. This partnership was formed to reduce costs in the healthcare industry.

Erie, PA (PRWEB) March 17, 2009 -- MAGNET Cooperative, one of the largest non-profit cooperative group purchasing and shared services organizations, and Procurex, Inc., a leading provider of strategic sourcing services, announce their integrated partnership today. This partnership was formed to reduce costs in the healthcare industry.

"Healthcare provider organizations have been severely impacted by revenue reductions from the state and federal levels, insurance companies, and employers, while costs continue to escalate. Healthcare can expect continued assaults on the price issues. It is a crucial time in this industry, and the services that Procurex provides have the potential to alleviate the financial pressure that has been placed upon the healthcare industry" said Steven Duke, Vice President of MAGNET.

In this economic downturn, more and more people are losing their jobs and subsequently are losing their healthcare benefits. However, hospitals are still required to provide services to everyone despite their lack of benefits. This is one of the major factors that have had a negative impact on the overall services that the healthcare industry is currently providing or has been attempting to provide. "We have and continue to look for additional strategies that would help the healthcare industry alleviate some of their burden" said Bret Grady, CEO of Procurex.

Under the agreement, Procurex's strategic sourcing services and MAGNET Cooperatives Member Organizations (AMR, CHA SSP, HCSC, JPC, MONOC, and SOHCA) will partner to reduce costs in the healthcare industries. Bret Grady states, "Our surgical approach to taking out cost, reducing cycle times and improving vendor performance is the perfect solution for MAGNET's Participating Healthcare Facilities. Our industry leading rapid procurement deployment (RPD) process will quickly and dramatically lower costs."

About Procurex, Inc.
Procurex, Inc. (www.ProcurexInc.com) is an association of procurement consultants and project managers who help companies trim their costs and manage their procurement better. Procurex partners with their clients to maximize savings and aid companies in converting their purchasing function into a strategic business function. Procurex creates affordable strategic sourcing solutions that are tailored to meet individual client needs.

Procurex was created in 2002 and was designed to enable organizations to apply e-business technology strategically to their business processes, increase efficiency, and become more competitive. Procurex has expanded their services to include outsourced purchasing services, strategic-sourcing project management, and state-of-the-art e-sourcing tools. Procurex has helped hundreds of clients buy thousands of commodities and services, worth hundreds of millions of dollars, including extensive work in the health care market.

About MAGNET Cooperative
MAGNET Cooperative (www.magnetgroup.com) is one of the oldest, largest, and most experienced shared service organizations in the country. Today, MAGNET serves approximately 11,000 providers, including hospitals, alternate care facilities and physician practices and clinics with a contract portfolio that includes equipment, services, commodities and the newly emerging area of niche/boutique (innovative and cost-reducing) products.

MAGNET solicits direct input of needs from healthcare providers via its Member Organizations and their user networks. Thus, contracts are prepared based upon user input, rather than merely being selected and approved by the "corporate office." In this way, MAGNET contributes greatly to the quality of service provided, and facilitates improved patient outcomes. MAGNET also plays a valuable role in the reduction/elimination of cost from the system by carefully selecting vendor partners and providing the highest quality products at the lowest possible price. With a carefully structured process for contract development consisting of a dedicated staff, Contracts Committee and Board of Directors, MAGNET's care providers are assured access to industry leaders and a progressive, responsive program focused on meeting the comprehensive purchasing needs of all healthcare providers.

For more information, contact:
Nick Sanzo
Procurex, Inc.
814.806.1917

Steven Duke
MAGNET Cooperative
717.763.5555

###

Read the full story at http://www.prweb.com/releases/2009/03/prweb2236864.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. Stereotaxis Highlights New Data on Acute Success in AFib Treatments With Niobe Magnetic Navigation System
2. Stereotaxis Showcases Interventional Cardiology Capabilities of Niobe Magnetic Navigation System
3. Stereotaxis Highlights Live Coronary and Peripheral Vascular Cases Performed at TCT With Stereotaxis Magnetic Navigation System
4. A Magnetic Presence: Siemens New MRI Systems Pulling More Patients Toward the Benefits of MR Imaging
5. Bayer HealthCare Pharmaceuticals and MedAssets Supply Chain Systems Sign a Three-Year Agreement for Magnevist(R) Magnetic Resonance Contrast Media
6. Penn research shows transcranial magnetic stimulation effective in treating major depression
7. Transcranial magnetic stimulation: An effective treatment for depression
8. Society of Cardiovascular Magnetic Resonance chooses open access
9. Researcher, magnet lab receive $2 million grant to target tuberculosis
10. Electromagnetics in Everyday Life
11. Toy Magnets Can be a Very Real Threat
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... OBISPO, Calif. (PRWEB) , ... October 13, 2017 , ... ... or dementia. However, many long-term care insurance companies have a waiver for care if ... the 90-day elimination period, when the family pays for care, is often waived, so ...
(Date:10/13/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has ... least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints a ... centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says that ...
(Date:10/13/2017)... ... 13, 2017 , ... “America On The Brink”: the Christian history of the ... is the creation of published author, William Nowers. Captain Nowers and his wife, ... he spent thirty years in the Navy. Following his career as a naval ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has ... today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula ... the highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about ... intend to develop to enable prevention of a major side effect of chemotherapy ... especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label as ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... , Oct. 2, 2017  AllianceRx Walgreens Prime, ... formed by Walgreens and pharmacy benefit manager Prime Therapeutics ... new brand, which included the unveiling of new signage ... , as well as at a few other company-owned ... new brand to patients, some of whom will begin ...
(Date:9/27/2017)... -- Commended for their devotion to personalized service, SMP Pharmacy Solutions ... in the South Florida Business Journal,s 50 Fastest-Growing Companies, and ... the national specialty pharmacy has found its niche.  To that ... be honored by SFBJ as the 2017 Power Leader in ... receive his award in October, Bardisa said of the three ...
(Date:9/22/2017)... -- As the latest Obamacare repeal effort moves is debated, ... and Lindsey Graham (R-SC) medical device market ... is in an odd place.  The industry wants repeal ... on medical device sales passed along with the Affordable ... visits and hospital customers with the funding to invest ...
Breaking Medicine Technology: