Broadlane announced today through a corporate relationship agreement that Legacy Hospital Partners, Inc. (LHP), based in Plano, Texas has selected Broadlane as the exclusive provider of a broad range of supply chain and procurement services to help manage spending for all LHP-owned and managed hospitals.
Dallas March 17, 2009-- Broadlane announced today through a corporate relationship agreement that Legacy Hospital Partners, Inc. (LHP), based in Plano, Texas has selected Broadlane as the exclusive provider of a broad range of supply chain and procurement services to help manage spending for all LHP-owned and managed hospitals.
LHP will access Broadlane's unparalleled national GPO portfolio of consumable supplies, equipment, pharmaceuticals and purchased services. Additionally, LHP will utilize OnRamp™ (Broadlane's client portal) to access contract and vendor information, run reports, view Broadlane news and information, and download training and continuing education.
LHP will also utilize Broadlane's Procurement Services - specifically Transaction Management. Transaction Management will increase LHP's efficiency and lower its procurement-related expenses through Broadlane's National Procurement Center, a centralized operation in Dallas. Leveraging BroadLink®, Broadlane's proprietary e-commerce exchange, Broadlane's transaction experts will process purchase orders and acknowledgements and manage all associated workflows. For suppliers not supporting e-commerce, Broadlane will process orders via phone or fax, providing LHP with "virtual EDI." Information on all orders will return to LHP electronically allowing consolidation of all transaction history.
"We conducted a thorough market analysis before selecting Broadlane," said Tom Frazier, executive vice president of Administration, Legacy Hospital Partners, Inc. "We are confident that Broadlane's demonstrated supply savings, account management support and Procurement Services will help generate best practice processes and maximum cost savings. As we continue to acquire and build new hospitals, these proven processes and savings will become more important in this economy."
"We are pleased to welcome LHP as a client," said Julie Plaga, senior vice president - new business development, Broadlane. "We are proud to be affiliated with LHP's talented leadership team and anticipate great growth from them in the future. LHP has a mission much like ours: to improve the quality of healthcare services their hospital partners provide to patients and their families. We are confident that the custom solutions we developed will deliver significant process improvements and cost savings to LHP hospitals to help improve patient care."
About Legacy Hospital Partners, Inc.
Legacy Hospital Partners, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems with which it will form joint ventures to own, operate and manage acute care hospitals in small cities and select urban markets throughout the United States. Headquartered in Plano, Texas, near Legacy Park, LHP is owned by affiliates of private equity firm CCMP Capital Advisors, LLC and the CPP Investment Board as well as members of management. For more information, visit www.legacyhospitalpartners.com.
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:
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