Becoming a TPC Member Brings Meaningful Cost Reductions for Healthcare Organizations

When Hendrick Health System joined TPC in 2011, the organization saw a significant reverse in a years-long trend of rising supply costs. In 2005, supply expense as a percentage of net revenue at Hendrick was at 23%; by 2014, that number had dropped to 18.9%. “That, to me, is a very telling story about the amount of value that TPC has added,” explains Jeremy Walker, Chief Financial Officer of Hendrick Health System. “Overall, the TPC solution has saved our {combined} organizations over $180 million since 2010,” Walker says.

Experiences like this are seen across the TPC membership. CHRISTUS Trinity Mother Frances Health System was able to bring a local initiative to TPC, and though the aggregated volume of Members, TPC successfully negotiated with the manufacturer to achieve a larger rebate for the collective group than what CHRISTUS Trinity Mother Frances was able to do on their own. “The good deal we thought we had got a little better,” says Wyley McCoy, Administrative Director of Pharmacy at CHRISTUS Trinity Mother Frances.

TPC. Stronger Together. Superior Results.

To hear more examples of TPC’s price reduction and supply savings results, please enjoy the video!