Dallas (Vocus) July 17, 2009
Broadlane announced today through a corporate relationship agreement that HMC/CAH Consolidated, Inc., based in Kansas City, Missouri has selected Broadlane as the exclusive provider of a broad range of cost-management solutions to help manage spending for all HMC/CAH-acquired critical access hospitals.
"As the industry-leading consolidator of critical access hospitals, we are constantly seeking ways to reduce costs without sacrificing quality as we transform hospitals into modern, new facilities," said Gordon Docking, chief operating officer, HMC/CAH. "After conducting a thorough analysis, we selected Broadlane for the demonstrated cost-management results they continually deliver to their clients, utilizing supply chain best practices to generate improvements and savings."
HMC/CAH will access Broadlane's unparalleled national GPO portfolio of consumable supplies, equipment, pharmaceuticals and purchased services. Additionally, HMC/CAH will utilize OnRamp® (Broadlane's client portal) to access contract and vendor information, run reports (such as pharmacy price verification), view Broadlane news and information and download training and continuing education materials.
Broadlane's Capital Equipment Services will aid HMC/CAH as they continue to acquire critical access hospitals and replace them with state-of-the-art facilities. These Capital Equipment Services include Live Group Buys and Quote Review where price, warranty and term information is reviewed to promote accuracy of terms and pricing. Additionally, Broadlane client hospitals historically save approximately 25 percent and up to three months of research and negotiation time through participation at Broadlane Live Group Buys.
"We are excited to welcome HMC/CAH as the newest Broadlane client," said David Ricker, chief executive officer, Broadlane. "As HMC/CAH continues to acquire and consolidate critical access hospitals, we hope to deliver the most cost-effective means to improve and modernize these facilities. We are confident that the custom solutions we developed will deliver significant process improvements and cost savings to HMC/CAH hospitals to help HMC/CAH achieve their mission of developing the premier Critical Access Hospital network in the country."
About HMC/CAH Consolidated Inc.
HMC/CAH Consolidated, Inc. desires to become an industry leading consolidator of Critical Access Hospitals (CAHs). As part of the acquisition HMC/CAH will replace the old hospital with a new state of the art facility.
Since 1982, HMC/CAH and its predecessor companies have provided consulting, development, and management services to more than 800 hospitals throughout the United States. HMC/CAH Consolidated, Inc. was formed in April 2007.
The business existing prior to the formation of HMC/CAH was formally known as Hospital Management Consulting (HMC) and was founded in 2000 to specialize in the management, operation, strategic and financial planning, and new service development for inpatient and outpatient healthcare providers.
In the past seven years, HMC and now HMC/CAH has worked with over 200 rural hospitals, 150 of which have been Critical Access Hospitals (CAHs).
HMC/CAH's engagements have included approximately 25 major hospital replacement or expansion projects. Today HMC/CAH owns seven Critical Access Hospital, and manages two others. Their growth plans project 40 owned facilities within the next five years.
Broadlane is the leading cost-management company for healthcare providers, reducing cost and creating operational efficiencies for thousands of acute care hospitals, ambulatory care facilities, physician practices and other healthcare providers in the United States. Its core services include supply chain management and clinical workforce management services.
Broadlane's clients include leading providers such as Advocate Health Care, Ascension Health, Beaumont Hospitals, CHRISTUS Health, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, MedCath Corporation, New Hanover Regional Medical Center, Sisters of Charity of Leavenworth Health System, Tenet Healthcare, The Health Alliance of Greater Cincinnati, US Oncology and UMass Memorial Health Care.
The company is headquartered in Dallas with offices in Cincinnati, Detroit, Houston, New York City and Oakland. For more information, visit http://www.broadlane.com.