What You Should Know:
– Advantus Health Partners, a provider of end-to-end healthcare supply chain solutions, and Alliant Purchasing LLC, a national group purchasing organization (GPO), have announced a strategic partnership aimed at maximizing purchasing power for their combined membership base.
– The strategic collaboration brings together Advantus’ strategic approach to supply chain and Alliant’s extensive network of vendors, offering members significant cost savings and improved supply chain reliability.
Enhancing Value Through Strategic Contracting
Advantus takes a targeted approach to supplier selection, focusing on vendors that offer sustained value in the surgical implant product portfolio. This partnership highlights key contracts within this portfolio, providing valuable differentiators for both GPO members and vendor partners.
Beyond Cost Savings: Comprehensive Programmatic Value
Advantus goes beyond simply securing lower prices. They also offer purchased service agreements for activation, delivering additional comprehensive programmatic value and benefits to member hospitals, health systems, and committed vendor partners. This ensures the successful implementation and optimization of contracted solutions.
Proven Results: Savings of 7% to 21%
Since the partnership’s inception, member hospitals and health systems have experienced significant savings ranging from 7% to 21%. This is particularly impactful considering the financial pressures facing healthcare institutions and the fact that supply chain costs can account for up to 40% of a hospital’s total operating expenses, according to a recent McKinsey & Company report.
“Our vendor partnerships with global medical device companies exceed what hospitals and health systems can find in other national GPOs,” said Dan Hurry, president of Advantus Health Partners. “With Alliant as a strategic partner, we are now offering a solution that has not previously been seen in the market. Similar to what you see in the retail industry, for example the Costco model, our focus in on a limited selection of solid brands that stand behind the quality of their products. This vigilance in choosing vendors drives standardization and improves clinical care and outcomes, while significantly reducing supply chain expenses,” said Hurry.