More importantly, Broadlane has demonstrated the ability to provide significant supply chain improvements year after year, and we look forward to our continuing relationship with them.
Dallas (Vocus) September 2, 2008
Broadlane announced today that Tenet Healthcare Corporation (NYSE: THC) will maintain its exclusive relationship with Broadlane through 2016. Terms of the agreement were not disclosed. Tenet, headquartered in Dallas, Texas, will continue to access Broadlane’s unparalleled national GPO portfolio of consumable supplies, equipment, pharmaceuticals and purchased services to help manage its approximate $1.5 billion in annual spend for all Tenet hospitals across the United States.
Additionally, Tenet will continue to utilize OnRamp (Broadlane’s client portal) and BroadLink™ (Broadlane’s e-commerce exchange) to streamline purchasing processes.
“Since our relationship with Broadlane began in 1999, we have seen tremendous savings in supply spend for all our hospitals,” said Stephen L. Newman, M.D., chief operating officer, Tenet Healthcare Corporation. “More importantly, Broadlane has demonstrated the ability to provide significant supply chain improvements year after year, and we look forward to our continuing relationship with them.”
Broadlane will also continue to provide clinical consulting through its clinical services division, The Preference Group™. The Preference Group will continue to consult on a variety of initiatives including the Orthopedic Management Program and the Medication Use Management (MUM) program. When implemented, The Orthopedic Management Program has consistently delivered double-digit savings to most clients. The Preference Group’s MUM program has helped healthcare organizations achieve savings of up to 5 percent of total pharmacy program spend without compromising patient care.
Since the MUM program was implemented at Tenet hospitals in 2004, it has reduced the inflationary impact of the costs of pharmaceuticals, addressed medication utilization, focused on clinical outcomes to address medication shortages, encouraged standardization of practices and focused on patient safety with regard to medication use.
Broadlane Workforce Management™, the industry-leading program that addresses nurse staffing shortages with technology and staff fulfillment solutions, also helps clients realize significant cost savings. Tenet will continue to utilize Broadlane Workforce Management to simplify and enhance all aspects of the clinical contract workforce process including: agency contracting, contract workforce staff requisition and fulfillment, contract workforce credential and performance tracking, time tracking and payments. Broadlane’s Web-based vendor management system will allow Tenet to efficiently assess the availability and credentials of staff from all its contracted agencies to ensure the quality of contract nursing and allied health staff working in Tenet hospitals.
“We are excited to move forward as a fully independent company in a continued relationship with Tenet,” said David Ricker, president and chief executive officer, Broadlane. “We have taken the challenges Tenet has given us to improve processes and reduce operating costs and delivered. We envision a great future with even more successes for Tenet.”
About Tenet Healthcare Corporation
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities it serves. Tenet can be found on the World Wide Web at http://www.tenethealth.com .
Broadlane is the leading technology-oriented healthcare services company, 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 comprehensive supply chain services include:
- Unparalleled national and custom contracting for supplies, pharmaceuticals, equipment and purchased services
- Innovative Procurement Services and purchase transaction management
- Clinical Services for managing clinical preference items and operating room and cath lab spending
- Comprehensive Materials Management Services – including outsourcing
- Informatics – benchmarking, advanced analytics and reporting
- Supply chain technology and e-commerce
Broadlane Workforce Management™ addresses nurses and allied healthcare practitioners and includes:
- External shift and agency management services
- Internal shift management, including electronic shift auctions
- Regional nurse float pool management and internal agency management
- E-commerce workforce exchange linking healthcare providers, clinical staff and agencies, enabling efficient shift management and fulfillment and reconciliation
The Preference Group™, a division of Broadlane, consults with healthcare facilities to help manage the cost of clinical items and processes. The Preference Group’s specialized clinical programs include:
- Medication Use Management (MUM)
- Orthopedic Management Program
- Cardiovascular Management Program
- And many others
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, St. Luke’s Episcopal 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 .