SOURCE: VHA Inc.

July 12, 2011 14:05 ET

OhioHealth Integrates Benchmarking Data Into Its Competitive Intelligence Strategy

Strategic Sourcing Department Uses VHA's Advanced Analytics to Identify Millions in Additional Savings

IRVING, TX--(Marketwire - Jul 12, 2011) - Named for three consecutive years by Thomson Reuters as one of America's top 10 health systems for quality care and cost effectiveness, OhioHealth of Columbus, Ohio is considered a front-runner in cost reduction. A shareholder of VHA Inc., the national health care network, OhioHealth leveraged VHA PriceLYNX™ to effectively manage and monitor progress against aggressive cost reduction goals, helping them identify millions of dollars of supply cost reduction opportunities. Now, this tool is integral to their organizational cost-reduction efforts.

"With access to creditable data, we can accurately gauge where we are and identify where we need to be," stated Bob Boswell, vice president of supply chain for OhioHealth. "The interface is intuitive, the data is timely and the opportunity presented is achievable. Utilizing advanced analytical solutions, like VHA PriceLYNX as part of our competitive intelligence strategy helped us achieve over $9 million in drug and supply cost reductions in 2011."

Incorporating VHA PriceLYNX, the industry's leading benchmarking service into hospitals' day-to-day activity enables them to leverage data to identify, focus and measure their cost-reduction efforts. This allows subscribers to embark on meaningful discussions with physicians, embed common market pricing theories and measure performance against hospitals nationwide.

"Now that VHA PriceLYNX is embedded into our process, we recognize value through the competitive insight we receive," stated Boswell.

"Leveraging advanced analytics like VHA PriceLYNX to achieve a clear picture of activity in the health care market allows hospitals to proactively and effectively identify ways to improve system performance," said Justin Hibbs, senior director, analytics marketing and strategy at VHA.

More than 1,400 health care organizations currently use or subscribe to VHA LYNX™ as VHA's analytical solutions are rapidly adopted by hospitals throughout the industry. This powerful array of products and services includes: VHA PriceLYNX, VHA DataLYNX™, VHA PharmaLYNX™, VHA Physician PreferenceLYNX™, VHA ValueLYNX™, a contract catalog, plus supplemental services such as spend analysis, services analysis and pharmacy analysis that further improve members' cost saving opportunities.

About VHA - VHA Inc., based in Irving, TX is a national network of not-for-profit health care organizations that work together to drive maximum savings in the supply chain arena, set new levels of clinical performance and identify and implement best practices to improve operational efficiency and clinical outcomes. In 2010, VHA delivered record savings and value of $1.7 billion to members. Formed in 1977, VHA serves nearly 1,350 not-for-profit hospitals and more than 30,000 non-acute care providers nationwide, coordinating delivery of its programs and services through its 16 regional offices. VHA has been listed as one of the best places to work in health care by Modern Healthcare since 2008 and one of the best places to work in IT by Computer World since 2007.

Contact Information