Greater Baltimore Medical Center Chooses Premier as Supply Chain Improvement Partner.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Greater Baltimore Medical Center Greater Baltimore Medical Center, known to many as simply as GBMC, is a hospital located in the Baltimore suburb of Towson, Maryland. Its entrance is on Charles Street, about 1½ miles south of Baltimore Beltway exit 25, and just one block south of Towsontown Boulevard. (GBMC GBMC Greater Baltimore Medical Center GBMC Golden Buffalo Men's Chorus (University of Colorado at Boulder) ) has realized half a million dollars in savings in one month since selecting the Premier alliance of 1,500 not-for-profit hospitals as its group purchasing and supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. chain services partner. GBMC joins more than 200 of the nation's leading hospital and healthcare systems who own Premier, Inc. "Since we went live July 1, we have already documented $500,000 in savings from existing vendors," said Jim Duerr, director 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, at GBMC, Maryland's only community medical center with two services cited in the 2005 U.S. News & World Report U.S. News & World Report Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948. America's Best Hospitals America's Best Hospitals Media & health An annual 'report card' on the quality of care received in US hospitals published by US News & World Report, that is either proudly quoted by those who are rated or dismissed by those who are not report. "We have definitely validated our decision to partner with Premier. They are delivering the goods. "My agreement with senior management when we decided to select a new GPO partner was to document savings of at least $1 million during the fiscal year which began July 1," said Duerr. "In one month we're halfway there. What was a BHAG BHAG Big Hairy Audacious Goal BHAG Bad Honnef Aktiengesellschaft (Bad Honnef, Germany) - a big, hairy, audacious goal - is turning out to be well within our reach." Based in Towson, Md., 300-bed GBMC estimates that it will purchase nearly $40 million annually in supplies and services through Premier contracts. The medical center previously had been associated with Amerinet and MedAssets. "It was an easy decision to make once we reviewed the data requested in our RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. ," said Eric Melchior, GBMC's CFO See Chief Financial Officer. . "The proposal included a market basket market basket n. 1. A grocery cart. 2. A group of products or services in a specific market, especially when considered in terms of its fluctuating cost in determining a consumer price index: including 50 percent of our most used supplies and top 100 pharmacy line items. Premier's projected savings outpaced the closest competitor by $200,000. Furthermore, Premier at 59 percent had the highest number of items we currently use under contract with vendors we use so there would be no lengthy conversion process." "In addition to the core GPO offerings," Duerr said, "Premier also offers a wealth of other opportunities. We're interested in Premier's insurance offerings, and in the clinical arena, Premier offers exciting opportunities for benchmarking and networking we could access to improve our outcomes and processes." "Once we complete the transition from GBMC's former group purchasing relationships to our Premier portfolio, we look forward to further reducing supply expense on physician preference items through deployment of our proprietary supply chain analytical tools," said Mike Maguire, Premier Purchasing Partners Region Director. "GBMC and Premier are totally focused on continuing to develop the link between healthy hospitals and healthy patients for the community the medical center serves," said Greg Tornatore, Premier Purchasing Partners Region Vice President. "By working together to lower supply costs on quality products and services, GBMC will be better positioned to deliver excellent quality of care to patients while improving financial performance at the same time." Premier will provide GBMC market-leading group contracts - including national, regional, and local contracting options - as well as support from the Premier regional team, supply chain automation tools and access to supply chain benchmarking and performance improvement resources. About Greater Baltimore Medical Center Greater Baltimore Medical Center (GBMC) is Maryland's only community medical center with two services cited in the 2005 U.S. News & World Report America's Best Hospitals report. GBMC ranked 45th in digestive disorders and 46th in cancer in this elite national listing. Central Maryland's leading community hospital, GBMC, a 300-bed medical center, serves nearly 22,000 inpatients and has about 50,000 emergency room visits annually. Other services include Hospice of Baltimore, which provides comfort and care to patients with life-limiting illnesses; the Harry and Jeanette Weinberg Community Health Center, which offers comprehensive health and family services to the residents of East Baltimore; and the GBMC Foundation, which supports the GBMC mission by managing fundraising efforts. About Premier, Inc. Premier, Inc., the leader in helping hospitals accelerate performance on both clinical outcomes and supply chain costs, is a healthcare alliance entirely owned by more than 200 of the nation's leading not-for-profit hospital and healthcare systems. These organizations operate or are affiliated with nearly 1,500 hospitals and thousands of other healthcare sites. Premier Purchasing Partners provides an array of services supporting health services health services Managed care The benefits covered under a health contract delivery including group purchasing totaling more than $25 billion annually in supplies and equipment purchasing, as well as supply chain and clinical performance improvement services. Premier Healthcare Informatics offers performance measurement, benchmarking, and reporting products and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal supporting quality improvement. Premier Insurance Management Services helps hospitals manage insurance costs and improve risk management and claims capabilities. Headquartered in San Diego, Premier has offices in Charlotte, N.C., Chicago, and Washington. For more information, visit www.premierinc.com |
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