Continuum Health Partners in New York Renews Relationship with Broadlane for Variety of Supply Chain Services.DALLAS -- Broadlane today announced that Continuum Health Partners in 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. will continue its relationship for supply chain services with Broadlane after signing an agreement for an additional five years. Under the new agreement, Broadlane will continue to provide Continuum and its five acute care hospitals in New York List of hospitals in New York (U.S. state), sorted by hospital name. A to H
During the first five years of the relationship the two parties worked on more than 550 specific initiatives focused on contracting, inventory and utilization management Utilization management is the evaluation of the appropriateness, medical need and efficiency of health care services procedures and facilities according to established criteria or guidelines and under the provisions of an applicable health benefits plan. . Together those initiatives recorded a number of notable achievements. Among them: * Reached $69 million in documented recurring annual savings. * Substantially increased contract coverage to levels that now exceed industry best practices. * Tackled costs in a number of traditionally hard-to-manage major physician preference items such as cardiac rhythm management Cardiac rhythm management is a field of treatment in cardiology. The purpose is managing cardiac rhythm disorders. Usually it involves artificial pacemakers and/or implantable cardioverter-defibrillator therapy as well as antiarrhythmia drugs. (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) devices, branded pharmaceuticals, drug-eluting stents and spinal implants. * Drove system-wide increases in the use of supply chain technology and data capture. "With BroadlaneeIUs help over the past five years, Continuum Health Partners has made enormous improvements in virtually every area of our supply chain operations and it would be hard to overstate how vital those improvements have been for the health of our organization," said Gail Donovan, executive vice president and 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. , Continuum Health Partners. "As we begin our second five years we have mutually agreed upon a strategic plan that I am confident will propel Continuum Health Partners to even greater levels of supply chain best practices." Five years ago Continuum Health Partners was the first healthcare system to outsource its supply chain purchasing operation to Broadlane. Today Broadlane is the largest provider of outsourced purchasing services to hospitals in the U.S. "Continuum Health Partners has been an exemplary client of BroadlaneeIUs because they have the same passion that we have to look for inefficiencies in the supply chain," said David C. Ricker, president and chief operating officer of Broadlane. "They truly are one of the most progressive provider organization clients we have and we are very pleased that our work together will continue for another five years." About Continuum Health Partners Inc. Continuum Health Partners Inc. was formed in January 1997, as a partnership of two venerable healthcare providers, Beth Israel Medical Center Beth Israel Medical Center is a hospital in New York City. It has four major locations providing health services. It acts as University Hospital and Manhattan Campus for the Albert Einstein College of Medicine of Yeshiva University. and St. Luke's-Roosevelt Hospital Center St. Luke's-Roosevelt Hospital Center is a 1,076-bed, full-service community and tertiary care hospital serving New York City’s Midtown West, Upper West Side and parts of Harlem. . Building upon the strengths of both institutions, the partners soon established a broad-based, integrated health services health services Managed care The benefits covered under a health contract network extending throughout the 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 metropolitan region. In May 1998, the partnership was joined by a third distinguished institution, Long Island College Hospital Long Island College Hospital (LICH) is a teaching hospital situated in Brooklyn, New York Founded in 1858, the hospital has 516 beds. In 1860 it introduced the practice of bedside teaching and it later became the first U.S. hospital to use stethoscopes and anesthesia. , located in the Brooklyn Heights/Cobble Hill section of Brooklyn. Continuum continued to grow in the following year with the addition of NYEEI NYEEI New York Eye and Ear Infirmary , another outstanding institution with a 100-year tradition of excellent specialty care. Continuum Health Partners has an annual operating budget of $2.8 billion. Its hospitals deliver inpatient care inpatient care Managed care Services delivered to a Pt who needs physician care for > 24 hrs in a hospital through over 2,700 certified beds located in six major hospital facilities in Manhattan and Brooklyn. Continuum providers also see patients in group and private practice settings and ambulatory centers in the Bronx, Brooklyn, Queens and Manhattan, and in Westchester County. All four Continuum partner institutions were established more than a century ago by civic-minded individuals with a shared commitment to improving health, and health care, in their communities. Today, participation in the Continuum partnership enables each member institution to better fulfill its traditional mission by making available an impressive array of resources for the provision of state-of-the-art and compassionate care. Together, we are superbly equipped to identify and respond to the health-related needs of the populations we serve, in a patient- and physician-friendly environment. For more information, visit www.wehealny.org About Broadlane Through a comprehensive set of services focused on contracting, purchasing, clinical and pharmacy 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 was named in both 2004 and 2005 to Inc. magazineeIUs list of the fastest growing private companies in the United States. The company, which is headquartered in Dallas, also has offices in California, New York and Ohio. For more information, visit www.broadlane.com. |
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