Navigation Links
University HealthSystem Consortium Adds Price Competitive Index to Its Spend Analytics Tool

OAK BROOK, Ill., June 2 /PRNewswire/ -- The University HealthSystem Consortium (UHC) today announced that a Price Competitive Index (PCI) enhancement has been added to SpendLINK(TM), UHC's proprietary supply chain spend analytics tool that helps academic medical centers (AMCs) optimize their pricing and achieve maximum savings.

Supply chain purchases represent 20% of a hospital's expenditure, making it the second largest expense after labor costs. In a complex AMC environment, supply costs may exceed $100 million annually.

"In these tough economic times, a tool such as SpendLINK(TM) with a focused instrument such as the PCI enhancement gives purchasers at AMCs the transparency needed to make smart decisions. Users will be able to maximize the value they receive from their supply partners," said Jake Groenewold, UHC vice president of supply chain services.

PCI, a unique scoring method for pricing competitiveness, will allow UHC member hospitals to:

  • Assess their price competitiveness by manufacturer or United Nations Standard Products and Services Code (UNSPSC) relative to other AMCs. Unlike other price comparison tools, SpendLINK(TM) permits AMCs to compare themselves with other health care organizations that have similar needs and challenges.
  • Work with clinicians to select the right products at the right price. SpendLINK(TM) provides data to support purchasing recommendations.
  • Verify that price quotes are reasonable when purchasing new items, based on comparisons with purchases made by UHC members within the last year.

All AMCs participating in UHC's supply chain services and some of their associated hospitals submit their spend data to UHC, creating a robust database from which the PCI and price benchmarks are derived.

"PCI and the comparison data provided in the new reports will ensure UHC members are well-positioned for cost reduction initiatives. Leading health care organizations know that data is an organizational asset that drives strategic decisions. SpendLINK(TM) provides cleansed, enriched, and categorized spend data to support UHC members in their mission," said Ricki Wilson, former director of UHC's Supply Chain Informatics and now UHC Service Delivery account executive.

A UHC member advisory team was involved in the development of SpendLINK(TM) and the PCI methodology to ensure that AMCs' needs are met.

About UHC

The University HealthSystem Consortium (UHC), formed in 1984, is an alliance of 102 academic medical centers and 217 of their affiliated hospitals, representing approximately 90% of the nation's nonprofit academic medical centers. UHC offers its members specific programs and services to improve clinical, operational, financial, and supply chain performance. The mission of UHC is to advance knowledge, foster collaboration, and promote change to help members succeed in their respective markets. For more information, visit

SOURCE University HealthSystem Consortium
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Student Veteran Health Examined in First-of-Its-Kind Study by University of Minnesota/Minnesota State Colleges and Universities
2. University of Hawaii at Manoa professors co-author adolescent obesity study
3. Tufts University Friedman School of Nutrition Presents National Forum: Childrens Health: The Future of Food & Nutrition Policy
4. $18 million awarded to TGen and University of Pennsylvania for pancreatic cancer research
5. IBM Helps Ling Tung University Build System to Monitor and Analyze Patients Health at Home
6. University of Pennsylvania, Montgomery County Partner on Integrated, Interoperable System Design for Child Welfare
7. University HealthSystem Consortium Selects Mzinga for On-Demand Learning Services
8. University of Haifa research team awarded European Union research grant
9. Western Governors University Offers Two New Masters Degrees in Nursing
10. University of Louisville Realizes Nearly 3:1 ROI with Employee Health Management
11. University of Arizona research on scorpion antivenom published in NEJM
Post Your Comments:
(Date:6/25/2016)... ... ... temporary closing of Bruton Memorial Library on June 21 due to a possible lice infestation, ... aspect of head lice: the parasite’s ability to live away from a human host, and ... necessary one in the event that lice have simply gotten out of control. , As ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , the largest ... as the Medical Director of its new Mesquite-Samuell Farm facility. , “We are ... Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... ... athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as ... City area —Johnson is one of the first doctors to perform the treatment. ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits ... terms of the latter, setting the bar too high can result in disappointment, perhaps ... slow progress toward their goal. , Research from reveals that ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may suffer ... unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To avoid ... healthy coping following a traumatic event. , Trauma sufferers tend to feel a range ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ., ... developing innovative inhaled drugs, announced today that it was ... Investments reconstituted its comprehensive set of U.S. and ... "This is an important milestone for Pulmatrix," said Chief ... shareholder awareness of our progress in developing drugs for ...
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, ... less invasive and more durable cerebrospinal fluid treatments, ... funding.  The Series-A funding is led by Innova ... Fund, and other private investors.  Arkis, new financing ... instrumentation and the market release of its in-licensed ...
(Date:6/23/2016)... , June 23, 2016 Research ... Devices Global Market - Forecast to 2022" report to ... the treatment method for the patients with kidney failure, it ... excess fluid from the patient,s blood and thus the treatment ... potassium and chloride in balance. Increasing number ...
Breaking Medicine Technology: