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Watch to learn how HealthTrust can help establish system wide product standardization and eliminate unnecessary clinical variation at your organization.
Challenges
Steward Healthcare is the largest private, taxpaying hospital operator in the country. Without a Value Analysis Program at the corporate level, Steward lacked infrastructure for a successful and sustainable implementation process. Additionally, communication among key stakeholders was difficult and cost saving effort were siloed across the organization.
Outcomes
Clinical Alignment
Developed a system steering committee with representation from supply chain and senior clinical leadership.
Cost Savings Roadmap
Created an annual system-wide cost saving initiatives roadmap.
Contract Optimization
Established work groups to drive product formulary, standardization and eliminate unnecessary clinical variation.
“From a supply chain perspective, HealthTrust helped us take 8-10% of the total cost out by aligning and better utilization of our agreements.”
– Michael Prokopis
Senior Vice President
Steward Health Care
Read the Steward Case Study
Learn how HealthTrust identified system-wide cost saving initiatives that will deliver $7.8M in savings
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