TPC Membership Realizes 25% Savings in Phlebotomy Category

Essential in diagnosing patients, blood tests provide a wealth of information regarding a patient’s health. But as the price for phlebotomy products continues to rise, hospitals are seeking ways to cut expenses in this vital category.

TPC provides the framework for independent, community-based hospitals to achieve system value through strategies that optimize operational, financial and clinical performance. Through the TPC platform, hospitals work collaboratively in key areas to achieve exponentially more together.

As such, TPC’s Laboratory Clinical Value Analysis Team (CVAT) engaged the lab directors from each of its Member hospitals in order to evaluate the shifting phlebotomy marketplace and explore savings opportunities. Click to watch this enlightening video to learn how Member collaboration and commitment enabled an incredible $580K in phlebotomy category savings across the entire TPC membership.

TPC Phlebotomy Program Video Transcript

Costs are increasing for phlebotomy products.

To help mitigate increases, TPC’s Laboratory Clinical Value Analysis Team (CVAT) engaged the lab directors from each Member hospital.

The goal: to evaluate the shifting marketplace and explore savings opportunities.

The new initiative began with an aggregated spend of $2.27M across the membership.

However, there were challenges in achieving the maximum value possible…

    1. each Member was using different products,

    2. confirming clinical acceptability of each supplier’s products,

    3. overcoming product preference and a resistance to change.

In addition, there were limited resources available at each Member hospital to trial new products. Within the Lab CVAT, two Member hospitals offered to trial products on behalf of the entire group. After confirming clinical acceptability, the remaining Members approved the product reviews and selected the supplier partnership that provided the highest value.

The results are incredible – a $580K, 25% savings!

Through collaboration and commitment, TPC Members pursued an alternative option, resulting in significant savings without sacrificing patient care.

Follow us on social media for the latest updates in B2B!

Image

Latest

telecom project success in healthcare
Telecom Project Success in Healthcare Usually Comes Down to Working with the Right Decision Maker
April 15, 2024

In the rapidly evolving landscape of healthcare technology, telecommunications plays a crucial role. As healthcare providers increasingly rely on digital solutions—from telemedicine to electronic health records—telecom companies are finding new opportunities and challenges in this sector. Successfully implementing telecom projects in healthcare requires a nuanced understanding of the industry’s legacy communications infrastructure, unique demands […]

Read More
visitor management systems
Enhance Security with Faster Adoption of Digital Visitor Management Systems
April 15, 2024

As workplaces evolve into hybrid environments, the urgency to replace traditional paper logbooks with advanced digital visitor management systems has become a critical focus for organizations aiming to bolster security. The reliance on outdated methods poses significant security risks, a concern highlighted by increasing incidents of unauthorized access and data breaches globally. This pressing […]

Read More
access control
Redefining Access Control: Mobile Credentials Integrate Security, Privacy, and IT Seamlessly
April 15, 2024

As businesses increasingly lean on technology to enhance security and operational efficiency, the topic of access control has surged to the forefront. This rise is particularly driven by advancements in mobile credential technology—a shift from traditional physical credentials to digital solutions hosted on personal devices like smartphones. The growing ubiquity of smartphones and heightened […]

Read More
brick-and-mortar store resurgence
Unique In-Store Experiences Are Driving a Brick-And-Mortar Retail Resurgence
April 15, 2024

What’s behind the recent brick-and-mortar store resurgence? Could it be that big box stores recognize the one-of-a-kind shopping experiences that can occur in person? Finding unique ways to capitalize on those in-store experiences may lead to a brighter future for retail. Big box stores are reasserting the importance of their physical presence, continuing to […]

Read More