AMMC JOINS NETWORK TO IMPROVE SUPPLY CHAIN EFFICIENCIES AND REDUCE COSTS
November 5, 2015
Arkansas Methodist Medical Center today announced they have joined the Upper Midwest Consolidated Services Center (UMCSC), a collaborative network of hospitals and health systems focused on reducing the cost of healthcare products and services through the aggregation of buying power and collective decision making.
UMCSC, a VHA Inc. supply network, includes more than 50 healthcare organizations across 21 states with $6.5 billion in supply chain purchasing power. Their members collaborate to increase efficiencies and reduce expenses by aggregate spending and establishing contracting strategies that meet the unique needs of their members. Since it was established in 2008, UMCSC has provided over $300 million in savings to its members.
“As healthcare reform progresses and value-based care models continue to evolve, we need to be proactive in reducing costs and improving clinical outcomes” said AMMC President/CEO Barry Davis. “By joining UMCSC, we are helping to reduce costs and improve the delivery of care to our patients and the communities we serve.”
“We are excited to welcome AMMC to the UMCSC. The continued growth and collaboration between member hospitals in our supply network helps reduce supply chain costs and drive operational efficiencies beyond what they could achieve on their own” said Brenda Peterson, RN and Vice President of the UMCSC. “Equally important, they continuously participate in shared problem solving and in the development of innovative approaches that help assure the best clinical outcomes for patients.”