SOURCE: VHA Inc.

November 10, 2010 10:05 ET

Parkview Heath Selects VHA Inc.'s Price Benchmarking Service

VHA PriceLYNX™ Helps Hospitals With Market Transparency

IRVING, TX--(Marketwire - November 10, 2010) - Parkview Health, Fort Wayne, Ind., has selected VHA Inc.'s industry-leading price benchmarking service, VHA PriceLYNX™, to improve the hospital's ability to achieve better pricing on the products they currently purchase, as well as those they plan to introduce into their health care organization in the future. Parkview Health is a not-for-profit, community-based health system with nearly 7,000 employees serving northeast Indiana. 

Citing the benchmarking data's depth and ease of use, Donna VanVlerah, vice president of Supply Chain Operations for Parkview Health, stated that VHA's ability to give the organization a clearer view into pricing across all hospitals enables the organization to negotiate with suppliers from a position of strength. "For many years, hospitals have operated at a disadvantage when it comes to understanding price bands, so I think utilizing VHA's analytics is critical," she said.

VanVlerah, who previously worked in military procurement and has a Six Sigma black belt, said, "The biggest hurdle for any supply chain analytics tool is matching products and pricing across all vendors and distributors. The integrity of the data is crucial, and VHA has created a nearly perfect tool set for hospitals that allows us to see our entire universe of purchases, both contracted items and non-contracted items, as well as services, so our team finally has a handle on what the organization is spending. I would estimate that most hospitals don't know their complete spend and won't know it without advanced analytics. But even beyond that, you have to have the ability to say that this is the right price for the right item that we are buying. We have that now."

"When a hospital can maintain visibility into its purchasing activity, it significantly impacts the ability to drive changes that result in positive outcomes for all parties involved in the organization," said Justin Hibbs, senior director, Analytics Strategy and Marketing for VHA.

VHA PriceLYNX is just one component of VHA SupplyLYNX™, VHA's robust suite of analytical solutions that help hospitals cut costs and improve supply chain management. This powerful array of products and services also includes: VHA DataLYNX™, VHA Physician PreferenceLYNX™, a contract catalog, plus supplemental services that further improve members' cost saving opportunities such as spend analysis, services analysis and pharmacy analysis.

About VHA -- VHA Inc., based in Irving, Texas, 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 2009, VHA delivered record savings and value of $1.47 billion to members. Formed in 1977, VHA serves more than 1,400 hospitals and more than 28,000+ 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.

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