CHC Supply Trust Healthcare Supply Chain Management Services
Following labor, supply costs are the second-highest expense for hospitals. Unfortunately, spiraling expenses tend to hit independent hospitals hardest. That’s because with other GPOs, they receive less favorable pricing tiers. This is when CHC Supply Trust, the supply chain services arm of Community Hospital Consulting, comes in. We offer healthcare supply chain management support to independent hospitals, including providing GPO access to Tier One pricing that offers significant savings along with attentive customer service support.
CHC Supply Trust partners with HealthTrust Performance Group to offer more competitive pricing for community hospitals. HealthTrust is the industry’s only national, committed model GPO. We return 100 percent of GPO rebates to hospitals each month.
We do the analysis and vetting for you. Contracts are scrutinized and analyzed continually for better pricing and better products, and ultimately written in favor of the hospital and the best clinical outcomes.
GPO Access to Preferred Pricing
GPO access is by far the most in-demand supply chain service CHC Supply Trust offers for reducing healthcare supply chain management costs. That’s due to the significant savings made possible by the HealthTrust partnership. By aggregating the purchasing power of community hospitals across the country, CHC Supply Trust is able to grant access to HealthTrust’s portfolio of specially priced, clinician-recommended products typically reserved for the nation’s largest health systems. Indeed, all CHC Supply Trust hospital clients gain access to a higher level of savings regardless of size.
Our assessments indicate that hospitals can typically save from 15 to 20 percent annually over rates charged by other GPOs. CHC Supply Trust goes the extra mile with comprehensive onboarding services to ensure clients maximize savings from day 1. As a place to start, we offer a Complimentary Supply Spend Analysis which shows a conservative estimate of how much new members can save simply by purchasing those same items through CHC Supply Trust.
“Community Hospital initially saw supply spend and other savings of $532,000, followed the next year by savings of $344,000 just on orthopedic implants. Community Hospital continues to see about 18% savings annually on its supply spend.”
Community Hospital is a 25-bed Critical Access Hospital in McCook, Nebraska.
Onboarding and Support
From dialogue to data analysis and product match-up, the onboarding process involves conversations with CHC and HealthTrust experts, ensuring a smooth conversion and maximum savings. Special expertise is another thing that sets CHC Supply Trust apart. The team collectively has decades of experience working with and for community hospitals in materials and healthcare supply chain management. With data analysis, negotiation and hospital operations know-how, team members excel at identifying supply chain savings and efficiencies for our hospital clients.
Following conversion and training, our experts conduct a 90-day post implementation check-in and provide ongoing service support.
Four Levels of Healthcare Supply Chain Management Support
Purchased Services–from pharmacy and food services to laundry, landscaping and more–account for about 25 percent of a community hospital’s operating expenses. This area of spend, however, is often decentralized and overlooked. CHC Supply Trust, powered by Valify Solutions Group, offers benchmarking by category and one centralized platform for controlling costs and governing price, resulting in savings of up to 20 percent.