IRVING, Texas--(BUSINESS WIRE)--The combined effects of health care reform, increasing merger and acquisition activity and intense cost pressures are challenging independent, community hospitals to remain viable in the health care marketplace. In response to these shifting market dynamics, the members of the Independent Hospital Network (IHN) Sourcing Group selected VHA DataLYNX to help gain control over its supply spend, improve data quality and completeness – increasing savings from sourcing initiatives. IHN includes 21 independent hospitals in Indiana, Michigan and Ohio with an annual supply spend of more than $800 million.
VHA DataLYNX is an analytics and advisory service solution from VHA Inc., which recently combined with UHC to form the largest member-owned health care company in the country. The solution gives hospital supply chain leaders the accurate and complete supply data they need to manage their product item master, support value analysis processes, benchmark utilization and prioritize sourcing initiatives that offer the highest return on investment.
“Health care supply chains are now seeing the tremendous opportunities that clean supply data from an item master can provide. They can confidently make strategic supply and sourcing decisions based on facts instead of assumptions or what a sales representative has told them about their pricing or contract,” said Pete Allen, executive vice president, sales and marketing.
“Independent hospitals are uniquely challenged in today’s health care market for a number of reasons, including access to the most competitive supply prices. By selecting VHA DataLYNX, IHN members are in the process of creating a virtual item master that will enable us to collectively achieve price parity with larger health systems while remaining independent and focused on the needs of the communities we serve,” said Shawn Katusin, supply network executive director, for IHN.
To learn more about how IHN increased their control of spend and speed to value, view this video or stop by booth #1201 at the 2015 AHRMM Annual Conference, Aug. 9-12, in Indianapolis.
About VHA Inc.
Effective April 1, 2015, VHA, the national health care network of not-for-profit hospitals, and UHC, the alliance of the nation’s leading academic medical centers, combined into a single organization. The combined organization includes Novation, the health care services company they already jointly own. The new entity is the largest member-owned health care company in the country and is dedicated to leading health care innovation, creating knowledge and fostering collaboration to help our members thrive. The company serves more than 5,200 health system members and affiliates as well as 118,000 non-acute health care customers. Members range from independent, community-based health care organizations to large, integrated systems and academic medical centers, and it represents more than $50 billion in annual purchasing volume. Headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. A new name for the combined organization will be announced in Jan. 2016.