TPC and ROi Announce Partnership Agreement
ROI SELECTED AS THE STRATEGIC SUPPLY CHAIN PARTNER FOR TPC’S NETWORK OF HEALTHCARE PROVIDERS
PLANO, Texas and ST. LOUIS, Missouri (October 17, 2016) – TPC, a network of independent healthcare providers and regional purchasing coalition across Arkansas, Missouri and Texas, has signed an agreement with Resource Optimization & Innovation (ROi), a provider-owned supply chain organization, for access to ROi’s comprehensive cost management and supply chain services including strategic contracting and sourcing, utilization management, service line management, clinical and operational consulting, clinical and supply chain analytics, private label products and custom surgical packs. Through the multi-year agreement that begins December 1, 2016, ROi will serve as the preferred group purchasing organization (GPO) for TPC’s provider network.
“This strategic partnership represents both organizations’ strong commitment to helping providers navigate the significant cost pressures that exist in today’s healthcare market,” said Geoff Brenner, president and chief executive officer, TPC. “Since we expect these cost pressures only to increase over time, our partner’s ability to co-create innovative solutions with TPC is of critical value. ROi’s clinically integrated supply chain model has demonstrated impressive results with an ability to deliver value beyond the traditional GPO model.”
“From day one, TPC’s mission has been to provide independent, community-based health systems with an efficient framework to collaborate as one large system to optimize pricing, utilization and standardization strategies to maximize performance and tangible value,” stated Tim Lancaster, board chairman, TPC. “As we reassessed the GPO market, we concluded that ROi is best aligned with TPC’s forward-facing strategy and best positioned as its partner for the future.”
“TPC has an excellent market reputation and we are honored to be chosen as their partner,” said Gene Kirtser, president and chief executive officer, ROi. “As provider-centric organizations, ROi and TPC share common goals and we are jointly focused on delivering total cost management solutions that drive sustainable clinical, operational and financial results to those we serve.”
Based in Plano, Texas, TPC is a network of community-based healthcare providers that work together as a single system to aggregate business volume and leverage economies of scale without sacrificing individual independence or local ownership. By working through a committed platform, TPC drives collaboration and innovation across a range of clinical, operational and economic areas enabling providers to maximize the financial and non-financial value they receive. TPC represents 20 acute care hospitals and approximately $1 billion in purchasing volume. TPC exists for the sole purpose of helping healthcare organizations remain strong and independent. For more information, visit www.tpcselect.com.
Based in St. Louis, Missouri, ROi believes in the power of provider collaboration to transform healthcare. A recognized leader in supply chain management, ROi serves healthcare organizations across the United States that share a passion for supply chain excellence. As a provider-owned Accountable Supply Chain Organization™, ROi provides a range of cost management and supply chain services, focusing on all aspects of supply chain from planning through fulfillment and consumption to ensure the highest quality of care is delivered in the most cost effective manner. ROi is the only provider to be ranked by Gartner as a top 10 health care supply chain for seven straight years. For more information, visit: www.roiscs.com.