Here's what Tom Finn has been up to over on Healthcare Matters this week.
SCM Capabilities Drive Imperial Holdings Move into African Healthcare -- Imperial Holdings is a diversified industrial services and retail group with activities spanning logistics; car rental; tourism; financial services; vehicle distribution and retail. The holding company operates primarily in South Africa, Africa, Europe and Australia; it is listed on the Johannesburg stock exchange (JSE); the group is highly decentralized in its management structure and operating principals. And today, this company of 40,000 employees announced that it would buy the pharmaceutical and consumer healthcare supply chain services business of RTT Health Sciences, conducted by RTT Group, for R500-million.
16 of the Top 17 US Hospitals –GHX Customers are SCM Leaders -- U.S. News & World Report's Best Hospitals Honor Roll for 2012-2013 provides the public with a snapshot into the most progressive and effective hospitals in the country. GHX, the industry's largest supply chain technology provider, processing more than $50 billion per year in purchasing transactions through the GHX Global Network, works with 16 out of 17 hospitals honored. Not only do these organizations demonstrate excellence in patient care, but they also illustrate savvy innovation with their healthcare supply chains – a critical and often-overlooked component for lowering costs and improving patient care.
Premier's "Group Buy" Programs Save Members $165M -- Premier healthcare alliance member hospitals and care sites have identified more than $165 million in savings over the past two years by purchasing quality products at low costs through enhanced group buys. Premier's group buy program delivers value with coordinated, volume-driven purchasing opportunities. The program also allows smaller facilities like physician offices, ambulatory surgery centers and nursing homes to achieve benefits, whether in negotiating value-adds or bottom-line dollars saved.
Supply Chain Enablement: Healthcare M&A Activity in Full Gallop -- It is undeniable that the SCOTUS ruling that left the Affordable Care Act (ACA) largely in tact –and removed a huge bit of uncertainty--has led to a significant increase in healthcare deal-making activity. Everyone's "ears are on," especially within the nonprofits. Even the largest systems are exploring new acquisitions and alliances, as there seems to be a widely held recognition that there is safety in numbers –safety from reimbursement cuts and the new payment models.