New Hanover Regional Medical Center renews supply chain agreement with Broadlane

Broadlane, the leading end-to-end cost-management partner for healthcare providers, announced today that New Hanover Regional Medical Center, in Wilmington, North Carolina, has renewed its supply chain relationship with Broadlane for another five years. New Hanover will continue to access Broadlane’s unparalleled national contract portfolio of consumable supplies, equipment, pharmaceuticals and purchased services to help manage approximately $130 million in annual supply spend.

“We are excited about extending our exclusive relationship with New Hanover for another five years”

In addition to accessing Broadlane’s national contract portfolio, New Hanover will continue to utilize OnRamp^® (Broadlane’s proprietary client portal) to access the national contract portfolio, informatics, as well as Broadlane and industry news and education. They will also continue to use Capital Equipment Services to review vendor quotes and ensure accuracy, and ultimately, the best total cost of ownership and Pharmacy Services, including pharmacy price verification to provide best-in-class cost containment services without compromising clinical performance or patient care. New Hanover is also using Item Master Services to cleanse and manage processes and data related to New Hanover’s item master to systematically improve the quality of purchasing data.

“New Hanover is focused on delivering the utmost care to our patients; it’s our number one goal,” said Ed Ollie, chief financial officer, New Hanover Regional Medical Center. “Broadlane provided operational improvements, cost savings of approximately $6 million and education to New Hanover to help us further improve our quality of care. During a time of impending healthcare reform, we’re anticipating even greater improvements over the next five years with Broadlane, utilizing even more of the cost-management services they offer.”

Under the new agreement, New Hanover is expanding its use of Broadlane services to include:

• Clinical Consulting Initiatives with Broadlane’s clinical consulting division – The Preference Group^®. The Preference Group, combining clinical resources and knowledge with business objectives, will assist New Hanover with initiatives such as orthopedics (total joint and spine) and cardiology.
• BroadLink^® (Broadlane’s e-commerce exchange) to automate and electronically manage transactions between New Hanover facilities and suppliers.
• Transaction Management Services to increase efficiency and reduce procurement-related expenses through Broadlane’s National Procurement Center, a centralized operation in Dallas.
• Informatics for access to reports and to improve insight related to contracts, capital equipment, pharmacy and other key areas of spend management.

“We are excited about extending our exclusive relationship with New Hanover for another five years,” said Tom Sherry, president and chief operating officer, Broadlane. “It has been a pleasure working hand-in-hand with New Hanover to deliver operational improvements and cost-savings. These results would not have been possible without the support of the New Hanover executive staff and their commitment to further strengthen their supply chain.”