Surgery Partners is an established leader in the healthcare landscape, and we attribute much of that success to navigating the supply chain and operationalizing Group Purchasing Organizations (GPOs). We’re committed to creating a future where healthcare procurement and supply chain management are more efficient, cost-effective, and patient-focused. This commitment to empowering physicians through innovative procurement strategies ensures they can concentrate on what truly matters—providing exceptional patient care.
Operationalizing GPOs for Optimal Efficiency
Our procurement team collaborates closely with our GPO, HealthTrust, to ensure that our physicians benefit from streamlined operations and significant cost savings. As Jackie Wright, Chief Procurement Officer, explains, "Let us operationalize the procurement or the opportunities that are there for you with clinical evidence summaries. This allows you to focus on the patient. Let's not fight over pennies; let us free up your time so you can focus on the patients."
Ensuring Value and Quality in Procurement
Our team ensures physicians receive the highest value products at the best prices by evaluating all available options and formulating a value proposition based on cost and quality. They provide comprehensive clinical evidence summaries to assure high standards and hold vendors accountable for performance issues. This meticulous approach balances cost efficiency with clinical effectiveness, ensuring physicians have access to top-quality resources.
Optimizing Procurement through Strategic Partnerships
The procurement team at Surgery Partners collaborates with HealthTrust to secure 7-12% savings on medical supplies, a key differentiator in our strategy. Our team adapts to
new procedures in the ASC payable list, assisting physicians in negotiating local contracts and offering benchmarking to secure favorable pricing. We excel in medical device management and custom sourcing for items not covered under the GPO, such as large joints. By operationalizing the GPO, our team achieves significant bottom-line savings and increases net revenue, delivering exceptional value to physicians and their practices through optimized cost savings and high-quality medical products.
Ensuring Stability and Reliability
The Surgery Partners procurement team ensures stability and reliability through strategic partnerships with preferred vendors. This collaboration allows us to manage back-order substitutes effectively, minimizing supply chain disruptions. Jackie Wright emphasizes this key strength: “When everybody's using the same set of supplies, it's easy to pull from locations and plug and play essentially.” This approach ensures that even during unforeseen events, there is a steady and reliable supply of necessary medical products.
Maintaining Price Protection
Surgery Partners benefits from robust price protection measures through our partnership with HealthTrust. Unlike other GPOs, HealthTrust maintains price stability throughout the contract term, preventing mid-cycle price increases. Highlighting the importance of this feature, Jackie Wright notes, “The price protection was key for us through this inflationary period, so we saw little to minor increases on supply costs because of the way they had it negotiated.” This stability helps manage costs effectively and supports financial planning and budgeting.
Comprehensive Reimbursement Review
The procurement team also conducts thorough reviews on reimbursement to ensure that changes in supply chain practices do not negatively impact revenue. Wright explains, “We work really closely to ensure we're not impacting revenue or that we're getting the most out of our activities.” This meticulous review process ensures that new supply chain initiatives align with the organization’s financial goals and support the overall revenue cycle management.
Delivering Excellence in Procurement
Our procurement team's strategic partnerships, rigorous evaluation processes, and commitment to cost efficiency and quality assurance deliver substantial value to physicians. By leveraging collective purchasing power, providing detailed clinical evidence, and ensuring accountability, Surgery Partners optimizes resource allocation and enhances the overall effectiveness of medical practices. This dedication to excellence ensures that physicians can focus on delivering the best possible care to their patients.
