Broadlane Signs Agreement with MedTech For Solutions for Procurement Services for Reproductive Health Industry.DALLAS -- Broadlane, the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. services company for healthcare, today announced that it has signed an agreement with MedTech For Solutions, a physician services company, in which Broadlane will provide a variety of procurement services to assist MedTech For Solutions in expanding its offerings to physician offices and clinics focused on assisted reproductive technology Assisted reproductive technology (ART) is a general term referring to methods used to achieve pregnancy by artificial or partially artificial means. It is reproductive technology used in infertility treatment, which is the only application routinely used today of care. Infertility infertility, inability to conceive or carry a child to delivery. The term is usually limited to situations where the couple has had intercourse regularly for one year without using birth control. practices represent a $2.5 billion segment of the U.S. provider healthcare market. Under the exclusive three-year agreement, Broadlane will make available a wide range of national and local supply and services contracts for the use of MedTech For Solutions' customers. Currently, MedTech For Solutions provides a variety of services to its customers and through the new Broadlane agreement will expand the company's offerings to include group purchasing. "We are very excited by this agreement with Broadlane, which is one of the top companies offering group purchasing services," said Dwight P. Ryan, president and chief executive officer of MedTech For Solutions. "We look forward to our collaboration with Broadlane and we believe that, together, we will offer the infertility industry compelling solutions to the ever increasing costs of their medical and non-medical supply needs." Cal James, Broadlane's senior vice president for ambulatory care ambulatory care n. Medical care provided to outpatients. ambulatory care, n the health services provided on an outpatient basis to those who can visit a health care facility and return home the same day. and physician practices said: "Our relationship with MedTech For Solutions opens up a new and important line of business for Broadlane in a market that has been difficult to reach. Now we have an organizing force for infertility clinics through which they can combine their purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to create great economies for both the patients and the clinics." About MedTech For Solutions MedTech For Solutions offers risk management, operations and financial consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , as well as group purchasing opportunities, to a variety of health-related practices and facilities. MedTech For Solutions focuses on protecting business assets, assisting in business growth and developing cost savings programs. For more information, visit www.medtech4solutions.com. About Broadlane Broadlane is the procurement services company for healthcare. Through a comprehensive set of services focused on contracting, purchasing, clinical and pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. cost management, labor, capital equipment and information management, Broadlane helps providers go further to reduce costs and improve financial performance. Broadlane is known for superior and verifiable cost savings, deep clinical and operational expertise and technology that enables more effective spend management. Together, these capabilities help providers rapidly achieve industry-best procurement practices. Broadlane serves thousands of acute care hospitals, sub-acute care facilities and physician practices across the country. The company has offices in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Kansas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Ohio and Texas. For more information, visit www.broadlane.com. |
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