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    Strategic Sourcing Case Study

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    ehab emam

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    Strategic Sourcing Case Study

    Uploaded by

    ehab emam
    84 views1 page

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    Strategic-Sourcing-Case-Study

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    84 views1 page

    Strategic Sourcing Case Study

    Uploaded by

    ehab emam

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    St.

    Joseph Health Saves $2 Million PRICEGUIDE™


    on Supplies using PriceGuide™

    CHALLENGE
    When supply chain leaders at St. Joseph Health (SJH), an expansive system
    serving California, New Mexico, and Texas, discovered that some of the hospitals
    in its system were paying more than others for the exact same items, they knew
    they had to rein in the wasteful spending. But where could they find an efficient, St. Joseph Health
    data-driven method to streamline procurement processes and level prices across Integrated Healthcare Delivery System
    the 15-facility healthcare delivery system? Irvine, California

    SOLUTION
    SJH turned to ECRI Institute’s PriceGuide™ advisory service and immediately
    started cutting costs across its entire system. In a site visit to one of SJH’s
    hospitals, the vice president of supply chain logged onto the PriceGuide database
    and sorted the facility’s pricing on 22 specific product categories, including cardiac
    rhythm management. Within two hours, he uncovered $265,000 in potential
    “We’ve made
    savings. As a result, he and his team were able to consolidate some suppliers for
    immediate savings, and initiate important conversations with other vendors that PriceGuide the
    enabled them to negotiate more reasonable pricing. standard for how
    That’s because PriceGuide’s comprehensive database showed them how many we do business.”
    providers reported pricing on a specific product category and how much spend Former Vice President
    was with that supplier. They were able to quickly pinpoint the major SKUs within Finance & Supply Chain Strategies
    existing contracts and assess whether their prices were reasonable.

    Soon, SJH’s supply chain leaders began using PriceGuide data strategically in
    their reports to senior management. This revealed how often they negotiated to
    the best price in the database, and how often the healthcare system was paying
    above the national low or average price. These reports made it easy for senior
    managers to assess the savings opportunity that existed in real dollars as well as Contact us today at
    in percentage points.
    [email protected], or call
    (610) 825-6000, ext. 5891
    RESULTS
    St. Joseph Health saved nearly $2 million on supplies over two years, including
    on purchases of drug-eluting stents and low-price, high-volume medical-surgical
    items. PriceGuide has become the standard for how St. Joseph Health does
    business and is their means for stabilizing pricing across the entire network.
    MS1376

    ©ECRI Institute www.ecri.org

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