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!


Change Starts Here: Overcoming Trauma with Derek Clark
July 6, 2022
Key Insights: The power of connection is invaluable in overcoming trauma. Students need to know that someone is listening. Teachers can inspire greatness and courage in others. It isn’t every day Read more
Retaining Talent Will Be The Largest Priority for Hospitals for the Foreseeable Future
July 6, 2022
In many industries, including healthcare, staffing shortages and the challenges related to retaining and attracting top talent have become a major topic. David Kemp, host of Highway to Health spoke with Read more
Graphic High Diesel Prices
Causes & Consequences Of High Diesel Prices
July 6, 2022
Key Insights: The rising cost of diesel is driving record-high inflation. Diesel plays a critical role in the global economy because it powers so many industries. With the current high diesel prices, Read more