For the last quarter century, HealthTrust has been at the forefront of supporting providers in their missions to deliver quality healthcare.
Since our inception, HealthTrust’s committed model has stood the test of time and remains a key component of our competitive advantage. At the outset, HealthTrust managed $3 billion in committed spend. Today, we manage nearly $53 billion in total aligned spend, committed at a national level, which provides an unparalleled portfolio value to members across the continuum of care.
I am proud of the milestones that have shaped HealthTrust over the last 25 years and the members who have joined our ranks throughout the journey. We are grateful for the partnership with world-class suppliers, manufacturers and distributors, and appreciate our shared commitment to member support. Never was the strength of those relationships tested more than during the COVID pandemic. Now on the other side, all have emerged more resilient and with supply mitigation plans in place.
While not immune to the inflationary pressures that started during the pandemic, we leveraged the aligned scale of our collective to deliver savings, and the team continues to work diligently to keep inflationary impacts to our contract portfolios to a minimum.
Performance matters
As we have evolved with solutions to respond to a changing industry and provider needs, our mission statement has been refined. What hasn’t changed is our commitment to supporting members in their clinical, operational and financial performance improvement initiatives.
We are proud of the colleagues who have been here from the start and appreciate those who have joined our team along the way. Together, these professionals make our operator advantage evident in the conversations, engagement and delivery of solutions to HealthTrust members each and every day. Thank you for helping us to become a model for excellence and innovation, and for the third consecutive year, being named a Top Workplace in Middle Tennessee.
More than ever before, we have seen a shift in how the role of value analysis has elevated in importance. Resources developed by our Clinical Services and Strategic Sourcing teams have helped everyone from C-suite and service line leaders to materials managers and clinicians to better understand the significance of evidence-based research related to quality and outcomes, in addition to expense management. This has enabled leading health systems to transform purchasing discussions among physicians, clinicians and supply chains in facilities across the country as they collaborate on critical value analysis work. Others have engaged our Special Ops and Advisory Services teams to assist with these and other performance improvement capabilities.
As we look toward our next 25 years, I am excited about the evolution of the business, both in terms of the team and our market offerings. This issue, you will learn of some recent changes to our executive team, as well as new analytics capabilities that deliver intelligence and visibility in assessing supply chain risk and in managing medical devices.
Your trust in our partnership has helped to position HealthTrust as the leading performance improvement company in healthcare. Thank you for being such an important part of our story. I look forward to celebrating our anniversary in person with those of you attending HealthTrust University Conference in August.
In the meantime, know that the HealthTrust team looks forward to serving you for the next 25 years and beyond, helping you to stay focused on your mission of delivering quality patient care.
Ed Jones
President/CEO, HealthTrust Performance Group
Publisher, The Source magazine
