Lodi Memorial Hospital Selects Broadlane For Supply Chain Services
Broadlane announced recently that Lodi Memorial Hospital, Lodi, California, has selected Broadlane to provide an array of supply chain services under an exclusive agreement. Financial terms were not announced.
Under the agreement, Broadlane will provide Lodi Memorial Hospital with access to its "high-powered" national GPO portfolio for consumable supplies, capital equipment, pharmaceuticals and purchased services. Additionally, Lodi Memorial Hospital will utilize Broadlane's proprietary technology to help them manage their supply spend. Lodi Memorial Hospital's annual supply spend is approximately $18M.
During the extensive, competitive evaluation, Lodi Memorial Hospital determined that – while Broadlane's portfolio would help them drive savings – engaging Broadlane for their Medication Use Management (MUM) program was another area that would provide great long-term benefits to the hospital. Through a collaborative approach that will involve Lodi Memorial Hospital's pharmacists, medical staff, clinicians and hospital executives, Broadlane will provide resources to identify, implement, manage and sustain strategic pharmacy initiatives which will result in:
- Cost savings
- Cost avoidance through appropriate utilization
- Reduced patient length of stay, resulting in lower cost-per-patient-day
- Increased patient safety, reducing liability risk
- More efficient use of resources
- Improved quality of care
- Improved teamwork through education and empowerment
"Broadlane, quite simply, met our needs better than any other GPO on the market," said Ron Kreutner, Vice President and Chief Financial Officer for Lodi Memorial Hospital. "We were looking for a long-term partner that provided great pricing as well as innovative supply chain solutions. Broadlane will provide our hospital with both. We are excited about working closely with them."
"Lodi Memorial Hospital conducted a thoughtful and thorough evaluation process which really put our products and services to the test and we're so pleased that we earned their business," said Julie Plaga, Senior Vice President, Sales for Broadlane. "We're thrilled to be working with them to drive costs out of their supply chain and are confident that the custom solution we developed will drive the sustainable savings and operational improvements they are looking for."
About Lodi Memorial Hospital
Lodi Memorial Hospital is a private, not-for-profit hospital that strives to improve the quality of life in the community it serves – both in and beyond the hospital walls. As a non-profit, unaffiliated hospital, Lodi Memorial Hospital is able to reinvest in talent and technology to ensure patients receive quality and very personal care.
Since April of 1952 when the hospital doors first opened, until today, Lodi Memorial Hospital has evolved to meet the growing and changing community's need. In 1952, there were 14,000 residents in Lodi. Today there are 60,000, and the area served beyond Lodi's boundaries has grown to a quarter million people.
About Broadlane
Broadlane is a leading supply chain services company serving thousands of acute care hospitals, ambulatory care facilities, physician practices and other healthcare providers throughout the United States.
Broadlane provides comprehensive supply chain services including:
- High-powered national & custom contracting
- Innovative purchasing services & technology
- Informatics – benchmarking, analytics and reporting
- Deep clinical & operational expertise
- "High-touch" client service
Broadlane's clients include leading providers such as Advocate Health Care, Ascension Health, CHRISTUS Health, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, MedCath Corporation, New Hanover Regional Medical Center, Tenet Healthcare, The Health Alliance of Greater Cincinnati, Universal Health Services, US Oncology, Sisters of Charity of Leavenworth Health System, UMass Memorial Health Care and William Beaumont Hospitals.
The company is headquartered in Dallas with offices in California, New York and Ohio. For more information, visit www.broadlane.com.
SOURCE: Broadlane