Intalere Releases Inflationary Update for Healthcare Supplies

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Intalere, formerly Amerinet, recently released its updated Inflationary Indices to members which include company and industry projections for inflation rates across contract portfolio categories over the coming year.

Intalere, formerly Amerinet, recently released its updated Inflationary Indices to members which include company and industry projections for inflation rates across contract portfolio categories over the coming year.

“By alerting them to possible pricing issues based on market dynamics, the indices provide our members another decision support tool to assist in planning and cost reduction initiatives,” said Tom Wessling, Intalere’s vice president of contracting operations.

These projections represent industry inflationary performance, actual pricing through Intalere contracts and programs, and the expected impact of upcoming contract bids. The Intalere Inflationary Indices are published biannually and updated to reflect any market trends or changes.

The report offers estimates in categories including diagnostic imaging, environmental services, executive resources, foodservice, laboratory, medical supplies, office solutions, pharmacy, plant engineering and surgical supplies.

Some particular items of note:

  • While the market decline in fossil fuel prices has been great relative to fleet management and heating costs, inevitably there will be a turnaround at some point. “Now is not the time to be lulled into a false sense of security and abandon planned energy conservation measures (ECMs),” said Mike Reid, vice president, construction, capital and facility services. “Doubling down on ECMs by reallocating the savings realized during this energy pricing boon will provide a great hedge against the impact when prices begin their ascent. Facilities should proactively be exploring strategic ECMs to improve operational costs and financial outcomes.”
  • There is continued upward pricing pressure in the areas of X-ray film, developing products and developing chemicals. Ionic contrast media and Barium also remain volatile.
  • In the computer hardware market, changes may occur due to extreme volatility in the memory market for RAM and solid-state drives coming from China. Natural disasters in China affected the production and availability of memory solutions.

Because price fluctuations are extremely difficult to accurately predict based on being subject to social, economic and political pressures, Intalere’s members benefit from price protection controls and pricing being locked in for a majority of their contracts. “Excellent relationships with our suppliers and established contracts bring a level of pricing stability for our members,” said Wessling.

About Intalere
Intalere’s mission focuses on elevating the operational health of America’s healthcare providers by designing tailored, smart solutions that deliver optimal cost, quality and clinical outcomes. We strive to be the essential partner for operational excellence in healthcare through customized solutions that address customers’ individual needs. We assist our customers in managing their entire non-labor spend, providing innovative technologies, products and services, and leveraging the best practices of a provider-led model. As Intalere draws on the power of our owner Intermountain Healthcare’s nationally-recognized supply chain expertise and leadership in technology, process improvement, and evidence-based clinical and business best practices, we are uniquely positioned to be the innovation leader in the healthcare industry. Visit http://www.intalere.com to learn more.

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Evan Danis
Intalere
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