Aug 24 2010
Wenatchee Valley Medical Center recently completed its third Amerinet Savings RoadmapSM which has helped the facility remove an average of 6 to 12 percent of supply chain expenses annually from its contract spend.
“At our first Amerinet Savings Roadmap review meeting, my Amerinet sales representative already had all of the LOCs printed and ready for me to sign. It was that easy and completed within a few days so our facility could start saving money immediately.”
"It was very reassuring to know that Amerinet's support and involvement didn't end when our Amerinet Savings Roadmap was delivered," said Mark Preston, materials manager. "They became an active partner in helping us achieve savings and find ways to streamline and standardize our products and acquisition processes."
Amerinet Savings Roadmap, a reporting tool from Amerinet Diagnostix®, identifies immediate savings opportunities by displaying the facilities' current spend with Amerinet's portfolio of product and service contracts for executive review and effective decision support. Additionally, the Savings Roadmap also highlights a facility's standardization status, specific tier level, contract requirements, total spend per contract and information regarding current letter of commitment (LOC) status and supplier spend reporting.
Wenatchee Valley Medical Center first tackled the Quick Wins category of its Roadmap report - which offers an analysis of exact contract matches - to obtain immediate savings with a stroke of a pen - signing a letter of commitment (LOC) for an existing product category. Many of these opportunities with exact contract matches provide significant savings to members.
Preston stated, "At our first Amerinet Savings Roadmap review meeting, my Amerinet sales representative already had all of the LOCs printed and ready for me to sign. It was that easy and completed within a few days so our facility could start saving money immediately."
In addition, the Amerinet Savings Roadmap helped the facility realize they could capitalize on buying a few products under a new tier and by moving a product or product line to a different distributor to achieve greater savings. The final stage for Wenatchee Valley Medical Center in achieving maximum savings was reviewing Comparables - substitute products under Amerinet contract that would help the facility reduce costs while maintaining quality.
"Many of the Comparable items were physician preference, therefore, harder to convert," said Preston. "But we started working through several of these products in 2009. To date we have converted 143 different items by looking at Comparables and achieved savings of 29 percent."
Through Amerinet Savings Roadmap, Amerinet helped Wenatchee Valley Medical Center increase overall Amerinet contract maximization by 30 to 50 percent.