One of the main challenges for healthcare administrators is providing the best patient care possible while remaining profitable. They find themselves navigating ways to reduce costs and increase reimbursement, while simultaneously improving patient outcomes. Though the task can be daunting, many hospitals have found that strategic partnerships can provide the necessary support to help them achieve cost containment. TPC provides a platform that allows Members to work collaboratively to increase their financial, operational and clinical performance.
TPC is pleased to announce the recent hire of Andrea Bates, Vice President, Clinical Integration Services. Andrea will lead TPC system-wide clinical initiatives in collaboration with physicians and clinical leaders to increase value back to our Member organizations through cost reduction and utilization efforts while maintaining the highest quality of products and services.
Healthcare is one of the largest employers in the U.S., especially in rural towns. Healthcare, even in times of economic upheaval, has been a job producer, employing medical staff, administrative personnel and facilities services providers.[i] As an employer and as a caretaker for its residents, these hospitals stand as an anchor for the community.
Independent hospitals are committed to long-term care of the patients in their communities – and TPC is committed to helping those hospitals realize system value through standardization, utilization and pricing strategies that enhance their operational, financial and clinical performance. By taking a close look at all the non-labor spend of a hospital and leveraging the combined volume of all Members, TPC is able to achieve significant cost savings above and beyond what many hospitals are able to achieve on their own.
Healthcare delivery in the United States is experiencing a period of extreme flux and uncertainty that is combining to escalate costs. It is compounded by a healthcare supply chain which is vast, complex and plagued with inefficiencies. Supply costs can account for 25-30% of a hospital’s operating budget. Supplies relate directly to the patient experience, making it difficult to always settle for the least expensive option. Consequently, hospitals are continually faced with the challenge of decreasing supply chain costs without compromising patient care.