Broadlane Exchange Achieves Six-Month Milestone; Volume Grows, Performance Stable.Business Editors/Health & Medical Writers SAN FRANCISCO--(BUSINESS WIRE)--Oct. 10, 2001 Broadlane Inc., a leader in providing supply chain management services to the healthcare industry, announced today that its private e-commerce exchange has logged six months of operation with steadily increasing volumes and stable performance. The Exchange now has 210 hospitals connected and placing orders. Of the more than 54,000 purchase orders processed by the Exchange in the past six months, Broadlane has had an order completion rate exceeding 99.99 percent. "We built an Exchange that has proven to be a reliable asset to our customers and suppliers and it has become an integral part of their procurement process," said Lee Marston, head of Broadlane's Technology Department. "We are very pleased with the performance of the Exchange to date and appreciate the support of our customers and suppliers in achieving these impressive results." Since the Broadlane Exchange went live in April, it has processed 54,547 purchase orders representing customer orders of more than $83 million. Currently six suppliers are integrated and transacting business through the Exchange. They are Corporate Express, Fisher HealthCare, Marconi Medical Systems, Medline Industries, Owens & Minor and Tri-anim Health Services health services Managed care The benefits covered under a health contract . Additional suppliers are scheduled to be integrated. Broadlane anticipates adding 60 more hospitals to the Exchange by the end of the year. The Broadlane Exchange provides an order routing infrastructure and central repository for capturing purchasing information for the company's hospital customers. This is particularly attractive to Broadlane's multi-hospital customers that lack convenient methods of collecting and tracking procurement activity. "The Broadlane Exchange is a powerful tool that helps to efficiently manage our procurement," said Tim Marlette, assistant vice president of materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, for Community Health Systems. "While we're currently working aggressively with Broadlane to connect all our hospitals, we know that each of the 41 CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). hospitals now connected are saving hours daily in the ordering process, by eliminating phone and faxing of orders." Broadlane plans to continue to add new features and functionality to its Exchange. These include new transactions sets for invoicing, catalog updates, and advance-ship notification. The Broadlane Exchange will also provide product usage statistics, contract compliance analysis, and comparative benchmark data for Broadlane's supplier trading partners. The product catalog component is also being expanded to provide comprehensive product cross-referencing, and web-enabled contract management services. About Broadlane Through an extensive suite of services, Broadlane delivers comprehensive supply chain management services to the healthcare industry. Those services include group purchasing, procurement strategy consulting, materials management outsourcing, and technology services. Among the companies that focus on improving efficiencies within the healthcare supply chain, only Broadlane offers this full array of services. In addition to Community Health Systems (NYSE NYSE See: New York Stock Exchange :CYH CYH Check Your Head (youth driven organization in Canada) CYH Consider Yourself Hugged ), 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 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. Corporation (NYSE:THC THC tetrahydrocannabinol. THC n. Tetrahydrocannabinol; a compound that is obtained from cannabis or is made synthetically; it is the primary intoxicant in marijuana and hashish. ), 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 (NYSE:UHS UHS University Health Services UHS Universal Hint System (gamingy) UHS University High School UHS Urbana High School UHS University High School (Australia) UHS Union High School ), Continuum Health Partners, U.S. Oncology (NasdaqNM:USON), IASIS Healthcare, MedCath Inc. (NasdaqNM:MDTH) and others. Broadlane has offices in San Francisco and Oakland, California; 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 Community Health Systems Community Health Systems, Inc. (CHS) based in Brentwood, Tennessee, is the leading operator of general acute care hospitals in non-urban markets throughout the United States. CHS operates 53 hospitals in 20 states. These hospitals offer a broad range of inpatient medical and surgical services, outpatient treatment and skilled nursing care. |
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