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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 indust
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