For small, stand-alone hospitals, remaining profitable while providing the best patient care can be challenging. TPC provides a platform for strategic partnerships that can help these independent entities reduce costs and improve patient outcomes. Working collaboratively, TPC Member hospitals achieve more together, collectively negotiating for services and supplies to increase their financial, operational and clinical performance.
With supply chain costs that can account for 25-30% of a hospital’s operating budget, many facilities are challenged with controlling supply spend without compromising patient care. However, when hospitals have the ability aggregate, their collective strength empowers them to achieve higher value together.
Texas Healthcare Linen (THL) is a 48,000 square foot commercial laundry facility located in Abilene, Texas. Created through a collaboration between three hospitals (all TPC Members!), the facility provides laundry and linen services for its partnership of owners, Hendrick Health System, Midland Memorial Hospital, and Medical Center Health System, along with many other hospitals and healthcare facilities in the region. THL has become an example of a successful consolidated service that has lowered costs and set the standard for commercial healthcare laundry services throughout the region.
In 2018, TPC continued to drive industry-leading results by delivering more than $50 million in total tangible value back to its Members. Through the TPC platform, Members collaborated in targeted areas to achieve exponentially more together than they could alone within supply chain, purchased services and revenue cycle. And by utilizing the processes and programs that have been proven to lower costs, Members not only improved their bottom lines, but also the patient care they deliver to their communities.