10.6% Supply Chain Savings Plus $600K in Free Upgrades to Equipment.
Client: Based in New York City, a 972 bed teaching hospital operating two divisions providing comprehensive psychiatric and chemical dependency programs, two specialized long-term care facilities, and an extensive set of medical practices serving more than one million patient visits annually. It is among the busiest emergency rooms in NY State with more than 140,000 ER visits annually. Lastly it is the largest Labor & Delivery hospital for at-risk babies, seeing a high percentage of mothers carrying infectious diseases.
Service: Supply-chain consulting services focused on Blood Products, Outside Reference Labs and Lab Supplies.
Results: $1.3M or 19.25% savings. Specifically, within four months we had negotiated savings in excess of $738K on combined spend of $6.95M or, 10.6%. In addition, we negotiated an additional, $600K in free upgrades to their main chemistry automated line. In this case, all negotiations were with the incumbent suppliers and the pricing took place immediately.
Methods: In this case, all negotiations were with the incumbent suppliers and the pricing took place immediately.
The team of lab consultants at Valley Street Lab Partners has the expertise to deliver proven results to your organization. Adapting to the rapidly changing healthcare industry can create new opportunities for our clients to thrive. Contact us today to begin the conversation.