|[February 26, 2013]
Methodist Le Bonheur Healthcare Signs Agreement with HealthTrust to Provide Total Cost Management Solutions
BRENTWOOD, Tenn. --(Business Wire)--
Today, Methodist Le Bonheur Healthcare and HealthTrust announced a new
multi-year relationship that will commence on March 1, 2013.
HealthTrust, a business unit of Parallon Business Solutions, a leading
provider of healthcare business and operational services, was selected
for its total cost management solutions including immediate contract
value, custom sourcing expertise and progressive supply chain solutions.
Under the terms of the new agreement, HealthTrust will partner with
Methodist Le Bonheur Healthcare to help it achieve its cost savings
goals across its seven-hospital system in the Mid-South, comprising six
adult hospitals and a children's hospital.
HealthTrust CEO Ed Jones said, "We're honored that Methodist Le Bonheur
Healthcare has selected us after a thorough vetting of our model and
capabilities. We are confident that through our programs and contract
portfolio Methodist Le Bonheur Healthcare will exceed its cost reduction
goals. We're excited to have the opportunity to drive significant
additional value for this new member through the balance of our
integrated supply chain solutions and custom sourcing programs."
"We look forward to collaborating with HealthTrust to help us achieve
savings across our supply chain," said Chris McLean, CFO Methodist Le
Bonheur Healthcare. "We were looking for a partner with unique shared
services expertise and selected HealthTrust for its contract value,
clinical operations experience, value analysis capabilities and proven
track record in driving custom contracting results for large IDNs."
"The team in our MidAmerica Region will work closely with Methodist Le
Bonheur Healthcare to align implementation support to their strategic
initiatives. I am confident this partnership will contribute to the
innovative best practices we share across our membership," Jones added.
HealthTrust Purchasing Group, LP, (www.healthtrustpg.com)
is committed to strengthening provider performance and clinical
excellence through an aligned membership model and the delivery of total
cost management solutions, including supply chain solutions and a
contract and service portfolio unparalleled in quality, scope and value.
Members include 1,400 not-for-profit and for-profit acute care
facilities and 10,600 ambulatory surgery centers, physician practices
and alternate care sites. Headquartered in Brentwood, Tenn., HealthTrust
is closely integrated with the provider-proven capabilities of Parallon
Business Solutions (www.parallon.net)
which include workforce management solutions, revenue cycle and business
process expertise and technology solutions.
About Methodist Le Bonheur Healthcare
Methodist Le Bonheur Healthcare is an integrated healthcare delivery
system in Memphis, Tenn. Founded in 1918 by The United Methodist Church
to help meet the growing needs for quality healthcare in the Mid-South,
Methodist Le Bonheur Healthcare is a seven hospital system with six
adult hospitals and Le Bonheur Children's Hospital. An eighth hospital,
Methodist Olive Branch, will open in North Mississippi in the third
quarter of 2013. The system also operates outpatient clinics, surgery
and diagnostic centers, a residential hospice and several physician
practices in Memphis, Shelby County and the surrounding area.
Methodist's Memphis Hospitals, licensed as one, has been named the Best
Hospital in Memphis by the U.S. News and World Report. With 1,709
licensed beds and nearly 63,000 discharges, Methodist is the third
largest private, not-for-profit hospital in the country, based on
admissions. To learn more about Methodist Le Bonheur Healthcare, visit www.methodisthealth.org.
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