Tenet Healthcare to Outsource Materials Management and Procurement to Broadlane
Tenet Healthcare Corporation (NYSE: THC) today announced that the subsidiaries operating its 52 hospitals have outsourced their materials management and procurement functions to Broadlane, the nation’s largest and fastest growing provider of hospital supply chain services. Beginning Jan. 1, 2009, and continuing through early 2010, Tenet’s approximately 200 materials management and procurement employees will become Broadlane employees.
In September, Tenet signed a seven-year agreement with Broadlane to manage its approximate $1.5 billion in annual spend.
“Since our relationship with Broadlane began in 1999, we have seen tremendous savings in supply spend at all of our hospitals,” said Stephen L. Newman, M.D., chief operating officer, Tenet Healthcare Corporation. “With this new outsourcing arrangement, we anticipate realizing even greater savings.”
Tenet has extended and expanded its relationship with Broadlane with the following goals and expectations:
· Accelerate the pace and breadth of cost reduction initiatives;
· Reduce variation in practices and improve operational performance;
· Improve inventory performance and cash flow; and
· Provide exemplary customer service.
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