TPC’s Interventional Cardiology (IC) Program Engages in Partnerships That Deliver Greater Value for its Membership
For small, stand-alone hospitals, remaining profitable while providing the best patient care can be challenging. TPC provides a platform for strategic partnerships that can help these independent entities reduce costs and improve patient outcomes. Working collaboratively, TPC Member hospitals achieve more together, collectively negotiating for services and supplies to increase their financial, operational and clinical performance.
TPC programs deliver opportunities through Member-driven custom contracting, providing access to clinically acceptable products purchased in aggregate to decrease costs. As part of the process, from contract period to contract period, TPC evaluates marketplace opportunities in existing categories, using specific, predetermined criteria to ascertain the most superior products at the best value. By remaining supplier agnostic, TPC Members have the flexibility to comfortably disrupt the status quo and shift between suppliers to drive the highest value back to the membership.
When it comes to PPI, the TPC collaborative model has proven results in reducing supply chain expenses. A highly Member-engaged initiative that has yielded impressive results, TPC’s Interventional Cardiology (IC) program drove $1.2 million in savings across the membership in 2018, representing 11% of total IC spend. And since the IC initiative’s 2010 inception, over $9.98 million has been saved by TPC Members. TPC continues to meet its commitment with the category’s preferred suppliers, with Members maintaining greater than 80% compliance. TPC is the epitome of a value-based partnership of community-based hospitals working together as a single system.
Stronger Together. Superior Results.
To learn more about membership click here.
Latest
Mastering AV Sales Strategies: A Diverse Market Requires Understanding Individual Needs
Mastering AV sales strategies in a global professional audio-visual (Pro AV) market, poised to reach $79.2 billion by 2028, requires much attention to detail. The surge in demand from corporate, government, and institutional sectors, driven by the need for enhanced productivity and efficient working environments, gives AV sales pros a lot of opportunity. In […]
Cybersecurity in Healthcare: Addressing the Growing Threat
To keep up with the growing threats, cybersecurity in healthcare is a high-level priority. The recent ransomware attack on Ardent Health underscores a stark reality for the healthcare industry: cyber threats are a significant and ongoing challenge. Mike Saylor, the CEO of Blackswan Cybersecurity, LLC, sheds light on the complexities of cybersecurity in healthcare. […]
Effective Debt Management Holds the Keys to Small Business Cash Flow and Growth
Effective debt management through a robust accounts receivable system is essential for small business cash flow and growth, necessitating automated payment schedules and strategic policy adjustments. Collaborating with a collection agency as a strategic partner can enhance revenue recovery while preserving positive customer relationships. How critical is effective debt management for the financial health […]