Broadlane Awards McKesson a Pharmacy Distribution Agreement to Cover Tenet Healthcare.Business Editors/Health and Medical Writers SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 2002 Broadlane Inc., a leading provider of total cost management services to the healthcare industry, today announced that it has signed an agreement with McKesson Corporation to provide pharmaceutical distribution for Tenet Healthcare's hospitals across the country. The three-year agreement, which becomes effective Jan. 1, 2003, is projected to save Tenet approximately $6 million per year on the $450 million that Tenet estimates it will spend on pharmaceuticals in 2003. It covers distribution of all pharmaceuticals and offers flexible payment terms as well as access to McKesson's automated ordering system and reports. Also, as part of the agreement, McKesson will connect to BroadLink(TM), Broadlane's private e-commerce exchange. "We are very excited about the relationship we have formed with McKesson on behalf of Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC. and a number of other Broadlane customers," said David C. Ricker, Broadlane's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "In addition, Broadlane is working with McKesson as a long-term partner on a number of other strategic fronts, particularly in the non-acute care marketplace." "McKesson is recognized for distribution excellence in healthcare. In fact, it's the backbone on which our company was built," said Paul Julian Paul Julian (June 25, 1914 - September 5, 1995) was an American artist and designer most noted for his work as a background artist for Warner Brothers' Looney Tunes cartoon shorts. He worked primarily for director Friz Freleng's Sylvester and Tweety Bird spots. , president, McKesson Supply Solutions. "McKesson is intimately familiar with supply chain management and brings a strong knowledge of the health systems marketplace and customer service acumen to this relationship. This pharmaceutical distribution agreement is a credit to our ability to ensure that the right product is received in the right place at the right time." Tenet has been a McKesson customer since 1996. Numerous Tenet hospitals are using applications from McKesson's Horizon Clinicals, a modular suite of clinical information systems. McKesson is one of Tenet's preferred vendors for information systems. This pharmaceutical distribution agreement builds on strong customer service and demonstrated value that have previously been in place at Tenet. McKesson Corporation is a leading provider of supply, information and care management products and services designed to reduce costs and improve quality across healthcare. Founded in 1833, with annual revenues of more than $50 billion, McKesson today ranks as the 31st largest industrial company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About Broadlane Broadlane delivers total cost management to the healthcare industry, allowing hospitals to reduce operational costs while maintaining or enhancing patient care and clinician satisfaction. Broadlane provides contracting, clinical, operational and technology services, as well as outsourcing. Among the companies that focus on cost management within the healthcare supply chain, only Broadlane offers this total cost management approach. Broadlane customers include leading healthcare providers such as Kaiser Permanente Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. , Tenet Healthcare Corporation, Universal Health Services Universal Health Services, Inc. NYSE: UHS is a Fortune 500 company based in King of Prussia, Pennsylvania. This company is one of the nation's largest health care management companies, operating acute care hospitals, behavioral health facilities and ambulatory centers , Continuum Health Partners, The Health Alliance of Greater Cincinnati, Kindred Healthcare Kindred Healthcare Incorporated (NYSE: KND) is a Fortune 500 healthcare services company located in Louisville, Kentucky. Kindred Healthcare was founded in 1985 as Vencor, Inc. , Community Health Systems, U.S. Oncology and others. Broadlane counts among its customers more than 490 acute care hospitals, more than 1,500 sub-acute care facilities and thousands of physician practices. Broadlane has offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Oakland, Calif.; Cincinnati; Dallas; and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information, visit www.broadlane.com. About McKesson Corporation McKesson Corporation is a leading provider of supply, information and care management products and services designed to reduce costs and improve quality across healthcare. McKesson solutions empower healthcare professionals with the tools they need to deliver care more effectively and efficiently. Founded in 1833, with annual revenues of more than $50 billion, McKesson ranks as the 31st largest industrial company in the United States. For more information visit www.mckesson.com. About Tenet Healthcare Corporation Tenet Healthcare Corporation, through its subsidiaries, owns and operates 113 acute care hospitals with 27,726 beds and numerous related healthcare services. Tenet and its subsidiaries employ approximately 114,300 people serving communities in 16 states. Tenet's name reflects its core business philosophy: the importance of shared values among partners - including employees, physicians, insurers and communities - in providing a full spectrum of healthcare. Tenet can be found on the World Wide Web at www.tenethealth.com. Except for historical information contained in this press release, matters discussed may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "anticipates," "may," "will," "should," "seeks," "approximates," "intends," "plans," "estimates" or the negative of these words or other comparable terminology. The most significant of these risks and uncertainties are described in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Q Form 10-Q See 10-Q. and Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. reports filed with the Securities and Exchange Commission and include, but are not limited to: the resolution or outcome of pending shareholder litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. regarding the 1999 restatement of our historical financial statements; the changing U.S. healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. environment, including the impact of potential mandated benefits mandated benefit Managed care A benefit that a health plan is required by law to provide Examples In vitro fertilization, defined days of inpatient mental health or substance abuse treatment, special-condition treatments. See Benefit, ERISA. , changes in private and governmental reimbursement or in the delivery systems for healthcare products and services; changes in manufacturers' pricing, sales or distribution policies; substantial defaults in payment or a material reduction in purchases by large customers; challenges in integrating and implementing the company's software products, or the slowing or deferral of demand for these products; and the company's ability to successfully identify, consummate and integrate strategic acquisitions. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The company assumes no obligation to update or revise any such statements, whether as a result of new information or otherwise. |
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