Author: John Young, M.D., MBA, FACHE, Chief Medical Officer, HealthTrust Performance Group In a landscape filled with uncertainties—economic challenges, inflationary pressures, supply chain disruptions, labor shortages—healthcare providers are navigating multiple obstacles in their pursuit to provide quality patient care. In addition, healthcare providers are also charged with creating value within their organizations, making it critical […]
In the News
Does Your GPO Create Value for You? Or Are You Creating Value for Your GPO?
Author: Michael Berryhill, President of GPO Operations, HealthTrust Performance Group Healthcare providers continue to grapple with extreme financial pressures. Kaufmann Hall reported that 39% of the hospital/health system mergers and acquisitions announced in Q3 2023 involved a party for which financial distress was cited as a driver for the transaction. Macro issues facing healthcare providers […]
Roz Holloway Recognized as Outstanding Woman Leader in Supply Chain
Published in: The Journal of Healthcare Contracting Roz Holloway, General Manager of Resource Optimization & Innovation, LLC (ROi), has been named to the Journal of Healthcare Contracting’s 2023 “Women Leaders in Supply Chain.” JHC: Please tell us about your role/responsibilities within your organization. RH: As General Manager of Resource Optimization & Innovation, LLC (ROi), my […]
HealthTrust University Conference Attracts Record Numbers of Members & Attendees
HealthTrust Performance Group reported record engagement on the part of members, suppliers, and subject matter experts during HealthTrust University (HTU) Conference that took place July 17-19 at Mandalay Bay Convention Center in Las Vegas, Nevada. With the conference theme, “Playing to Win: Aligned for Success, Optimizing Outcomes,” the event featured three general sessions, member and […]
The Need to Rethink Your Supply Chain and Sourcing Strategy
by Michael Berryhill, Chief Operating Officer Outlet: The Journal of Healthcare Contracting Various complexities to healthcare supply chain and sourcing strategies have become a permanent part of the post-pandemic landscape. Simultaneously, there has been a large shift in payer dynamics, global dynamics, ambulatory growth, home health and virtual visits that also impact operating margins for […]
Value Analysis: An Opportune Time for Cost Savings + Quality Care
Outlet: The Journal of Healthcare Contracting Healthcare organizations across the country continue to face a host of financial headwinds, ranging from a potential economic recession and ongoing supply shortages to global market disruptions and inflation. Fortunately, many hospitals and health systems are responding appropriately by taking steps to enhance their fiscal responsibility and identify opportunities […]
Rethinking Health System Efficiency: Navigating Supply Chain Disruptions + Embracing Nontraditional Approaches
Author: Ramy Hanna, CEO HealthTrust Supply Chain Continental/Roi Various complexities like supply chain disruptions, labor shortages, elevated costs of living and more have become a permanent part of the post-pandemic landscape. Simultaneously, there has been a large shift in payer dynamics, global inflation, ambulatory growth, home health and virtual visits that also contribute to […]
Adding Value to the Lives of Healthcare Workers
The Journal of Healthcare Contracting singled out HealthTrust for supporting nurses by ensuring supply of PPE to help them stay safe on the job. Read the Full Article
Put all your eggs in one basket, LifePoint Health supply chain VP says
We lean heavily on HealthTrust that they’re doing the right things in terms of the companies they are contracting with so we can do the right things with the companies we buy from.
HealthTrust Awarded 2022 Top Place to Work
Employee feedback places HealthTrust among 19 large companies in Middle Tennessee earning “Gold Badge” status for creating a desirable work culture. NASHVILLE, Tenn., June 27, 2022 – HealthTrust Performance GroupSM, a leading performance improvement company for healthcare, today announced that it has been recognized as a Top Workplace in Middle Tennessee by The Tennessean, […]
Valify Named Company of the Year by CIO Review
FRISCO, Texas – April 27, 2022 – Valify, Inc., a healthcare cost management company exclusively dedicated to helping clients manage purchased services expense to reduce the overall cost of healthcare, has been named “Company of the Year” by CIOReview, a leading resource for innovative IT solutions. Based in Frisco, Texas, Valify utilizes a proprietary technology […]
Allshouse Recognized Among Future Leaders in Supply Chain
Kenny Allshouse, senior director for HealthTrust Supply Chain in Dallas, Texas, was recognized as a Future Leader in Supply Chain by the Journal of Healthcare Contracting. Allshouse was singled out for supporting HCA Healthcare supply chain during the pandemic. Read the Full Article
Haley Addis Among Women Leaders in Supply Chain
Haley Addis, Pharm.D, Vice President, Clinical Resource & Account Management, was recognized among Women Leaders in Supply Chain by the Journal of Healthcare Contracting. Addis shares her thoughts on what makes a successful supply chain leader in today’s marketplace. Read the Full Article
Nathan Overton Among Ten People to Watch
Nathan Overton, HealthTrust Director of HCA Healthcare Contracting is among the Ten People to Watch in healthcare contracting. Overton explains flexibility in supporting hospitals during COVID. Read the Full Article
Executive Interview with Michael Berryhill
HealthTrust COO Discusses GPOs, the pandemic, and Supplier Bidding with the Association of National Account Executives Read the Full Article
Fight for Clarity in PBM Contracts
Pharmacy costs are a challenge for providers and Plan Sponsors alike. One of the most pervasive issues is transparency in PBM contracts. Read about four misnomers and how to avoid them. Read the Full Article
The Journal of Healthcare Contractors on cybersecurity
Stolen healthcare records can have a big financial impact to a hospital system. Terry Moon, AVP of strategic sourcing, IT and cybersecurity talks about why medical records are a big target for hackers. Read the Full Article
Keller Among Ten People to Watch in 2019
Fred Keller, HealthTrust VP of Strategic Sourcing and Custom Contracting is named one of the Ten People to Watch in healthcare contracting. Keller develops collaborative relationships with the entire supply chain—from suppliers to end users—as he executes decisions in support of high-quality patient care. See his profile beginning on page 16. Read the Full Article
GPOs Save Healthcare Systems Up to $34.1 Billion Annually
The Healthcare Supply Chain Association (HSCA) released an analysis of data from the Centers for Medicare and Medicaid Services (CMS) which found that GPOs save the healthcare industry up to $34.1 billion annually. Read the Full Article
Caring for Baby Boomers
As more Baby Boomers reach retirement age and medications enable them to live longer with multiple conditions, hospitals are devising creative strategies for balancing the influx of complex health needs with the quality of life desired by this growing patient population. Read the Full Article
Cybersecurity Always Top of Mind in Purchasing Agreements
Avoidance of unexpected downtime, loss of functionality, or worse, harm to patients due to a cybersecurity event makes cyber terms and conditions in purchasing agreements a critical focus. See Page 6. Read the Full Article
Dennis Robb Leads HealthTrust Europe’s Committed GPO Model
HealthTrust Europe’s value proposition – improving quality, safety, service and price for all contracted products and services – is achieved by engaging our healthcare partners and our awarded suppliers. See Page 48. Read the Full Article
Optimizing Supply Chain via a Shared Services Model
Lynn Cook, CEO of HealthTrust’s Consolidated Service Center in Richmond, Virginia is profiled and explains how the Center provides supply and pharmacy distribution and logistics, purchasing and accounts payable, and more in this unique shared services model supporting healthcare facilities in four states. See Page 13. Read the Full Article
Optimizing Purchased Services
Learn how HealthTrust guides clients through the entire purchased services process… including vendor selection, contracting, and implementation. Read the Full Article
In data we trust: How to align around facts and improve outcomes in orthopedic care
Orthopedic surgery requires trust and transparency among stakeholders to foster a collaborative operating environment and informed patient population. InVivoLink provides a platform to streamline the orthopedic surgery process through patient education, an implant registry and outcomes data. Read the Full Article
Advice from a data scientist: Careful while crosswalking
Tying together clinical information from disparate health systems requires building crosswalks between data sets. HealthTrust’s Ed Hickey discusses limitations inherent in the crosswalking process. Read the Full Article
Succeeding at bundles: The physician perspective
HealthTrust CMO Michael Schlosser, M.D., and four physicians in the Physician Advisors Program, take a look back at a “year of uncertainty” about the first mandatory bundled payment model of CMS for total joint replacements, and a peek ahead at expansion of the experiment in 2017 to bypass surgery and the treatment of heart attacks. […]
What’s eating up cardiovascular service line margins: My ‘top 5’ list
HealthTrust’s Mark Dumond, AVP of Technology Services, discusses the perennial culprits of year-over-year price increases of 5 to 10 percent on medical device technology, most of which lacks the evidence to substantiate the “latest and greatest” claims of manufacturers. The consequences of inaction on cardiovascular service line margins have never been greater. Read the Full […]
Purchased services contracting: Change is in the air
The Journal of Healthcare Contracting | Three HealthTrust subject matter experts discuss the challenges and opportunities with purchased services contracting. Read the Full Article
