NASHVILLE, Tenn.—May 2, 2018—HealthTrust, a leading performance improvement company for healthcare, and Beaumont Health, the largest hospital system in Michigan for inpatient admissions and net patient revenue, have executed a managed services agreement wherein HealthTrust will have responsibility for supply chain leadership and expense management for the non-profit system. The multi-year agreement, which became effective April 1, also reflects Beaumont Health’s exclusive commitment and access to HealthTrust’s expansive contract portfolio and sourcing expertise.
“We thoroughly vetted the capabilities of potential GPO partners and were compelled by HealthTrust’s portfolio value and their experience managing a clinically integrated supply chain,” said John Kerndl, chief financial officer of Beaumont Health. “We have high expectations for step-change in supply chain performance and believe this agreement will benefit our patients, staff and the communities we serve.”
Ed Jones, HealthTrust president and chief executive officer, added, “HealthTrust is honored to be selected by Beaumont Health to champion quality healthcare by way of our operator mindset and experience. We are eager to focus on clinical integration with the Beaumont team, in support of their culture of patient and family-centered care.”
HealthTrust (Healthtrust Purchasing Group, L.P.) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total spend management advisory solutions that leverage its operator experience, scale and innovation. Headquartered in Nashville, Tennessee, HealthTrust (www.healthtrustpg.com) serves over 1,500 hospitals and health systems, and more than 31,000 other member locations including ambulatory surgery centers, physician practices, long-term care and alternate care sites. On Twitter @HealthTrustpg.
About Beaumont Health
Beaumont Health is Michigan’s largest health care system for inpatient admissions and net patient revenue and is most preferred for health care in the tri-county area, according to National Research Corp. survey data. A not-for-profit organization, it was formed in 2014 by Beaumont Health System, Botsford Hospital and Oakwood Healthcare to provide patients with the benefit of greater access to extraordinary, compassionate care, no matter where they live in Southeast Michigan. Beaumont Health has total net revenue of $4.4 billion and consists of eight hospitals with 3,429 beds, 187 outpatient sites, nearly 5,000 physicians, 38,000 employees and 3,500 volunteers. In 2017, Beaumont Health had 175,688 inpatient discharges, 17,789 births and 574,591 emergency visits. For more information, visit beaumont.org.