Brooklyn Hospital Center Outsources Supply Chain Function to Broadlane.Business Editors/Health/Medical Writers SAN FRANCISCO--(BUSINESS WIRE)--Oct. 6, 2003 Broadlane Inc., the leading provider of innovative business services to the healthcare industry, today announced that The Brooklyn Hospital Center, a corporate member of the New York-Presbyterian Healthcare System, has signed an exclusive three-year outsourcing agreement with Broadlane to provide contracting and procurement services with an automatic two-year renewal that is triggered upon reaching predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: savings targets. The Brooklyn Hospital Center had total operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of $300 million in fiscal 2002 and spends approximately $50 million annually on supplies and services. Located in the Brooklyn borough of 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 , the hospital is a 463-bed acute care teaching hospital affiliated with the Weill Medical College of Cornell University. Under the agreement, Broadlane will negotiate and manage all of The Brooklyn Hospital Center's supply and service contracts including national, regional and local agreements. In addition, the hospital will manage its contracts through Broadlane's technology platform and connect to its vendors using Broadlane's advanced exchange, BroadLink(TM). "The Brooklyn Hospital Center is in the process of a complete restructuring of all operational functions and realizes some areas may be better handled by outside experts," said Samuel Lehrfeld, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Brooklyn Hospital Center. "After a lengthy analysis, we concluded that the best opportunity to maximize our supply chain savings was to partner with Broadlane." "More and more of the most progressive hospitals are recognizing the value of partnering with Broadlane. We look forward to working with The Brooklyn Hospital Center to achieve its operational objectives," said Charles Saunders, M.D., Broadlane's CEO. Joe Greskoviak, managing director at Broadlane, said: "We are pleased to welcome The Brooklyn Hospital Center as another key client in Broadlane's growing presence in the New York healthcare market. Broadlane is becoming an integral player in solving some of the serious financial problems facing New York's healthcare industry through innovative approaches to managing costs and improving supply chain efficiency." About Brooklyn Hospital Center The Brooklyn Hospital Center is a 463-bed, inner-city, tertiary care tertiary care Managed care The most specialized health care, administered to Pts with complex diseases who may require high-risk pharmacologic regimens, surgical procedures, or high-cost high-tech resources; TC is provided in 'tertiary care centers', often teaching hospital. It is a corporate member of the New York Presbyterian Healthcare System, and affiliated with the Weill School of Medicine of Cornell University. The hospital provides state-of-the-art acute care services. Its comprehensive cancer program includes a Breast Center and renowned specialists in prostate cancer prostate cancer, cancer originating in the prostate gland. Prostate cancer is the leading malignancy in men in the United States and is second only to lung cancer as a cause of cancer death in men. . Its Pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. Department offers outstanding, advanced treatment for newborns, children and adolescents. The Program for AIDS treatment and Health (PATH Center) and the Parkside Chemical Dependency chemical dependency n. A physical and psychological habituation to a mood- or mind-altering drug, such as alcohol or cocaine. chemical dependency Treatment Program offers the most sophisticated medical treatments delivered with caring and compassion. The Hospital's primary care and school health programs extend throughout the borough. Most recently, the Department of Obstetrics and Gynecology obstetrics and gynecology Medical and surgical specialty concerned with the management of pregnancy and childbirth and with the health of the female reproductive system. and Cornell University Weill Medical College opened a Brooklyn Hospital Center based office of the Cornell Institute for Reproductive Medicine. About Broadlane Broadlane is a leader in delivering innovative business services to the healthcare industry, allowing hospitals and healthcare providers to improve business process performance and reduce operational costs while maintaining or enhancing patient care and clinician satisfaction. Broadlane focuses on a growing list of business operations areas that includes supply chain, labor sourcing and management. Its solutions combine advanced technology with business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , strategic sourcing, and clinical and operational consulting. Broadlane customers include leading healthcare providers such as Advocate Health Care, CHRISTUS Health, Community Health Systems, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, Tenet Healthcare, The Health Alliance of Greater Cincinnati, 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 , US Oncology, William Beaumont Hospitals and others. Broadlane counts among its customers 540 acute care hospitals, more than 1,735 sub-acute care facilities and thousands of physician practices. Broadlane has offices in San Francisco 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. |
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