For Immediate Release
Cheyenne Regional Medical Center to Save $400,000 with New Medline Prime Vendor Supply Agreement
Medline brand products and reduced distribution fees drive cost savings
Thursday, August 13, 2009 —
With healthcare providers looking for cost-saving solutions in the current economy, Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of healthcare supplies, announced today the signing of a cost management prime vendor agreement with Cheyenne Regional Medical Center based in Cheyenne, Wyo. The two-year agreement is anticipated to save the system more than $400,000 over the term of the contract. Under the agreement, Medline will provide its broad array of Medline brand medical and surgical products, including exam gloves, minor procedure trays, patient care products, disposable protective gowns, gauze, bandages, briefs and underpads.
Medline is expected to generate more than $7 million in medical and surgical product sales from the partnership over the term of the agreement.
"Medline is not only helping us reduce our supply costs, they are providing us with equal or higher quality products than we had before, as well as a broader product line," said Arlene Flood, Materials Operations Manager for Cheyenne Regional Medical Center. "In our effort to reduce costs, it is important not to compromise quality of care and that is why we selected Medline. They are providing us with outstanding value and service."
Medline will drive cost savings through delivering Medline manufactured products direct to the hospital from its distribution center in Denver, reduced distribution fees on other national brand products and product standardization. In addition, Medline will also provide enhanced reporting capabilities and offer comprehensive product utilization and education programs to help the facility control costs and achieve maximum efficiency.
About Cheyenne Regional Medical Center
Cheyenne Regional Medical Center, Wyoming's largest healthcare system, is a 218-bed premier regional healthcare facility that prides itself on delivering the highest standard of quality care to meet the region's growing healthcare needs. Cheyenne Regional serves the healthcare needs of patients from southeast Wyoming, northern Colorado, western Nebraska and communities throughout Wyoming. The hospital's physicians and employees, state-of-the-art facilities and advanced technologies ensure patients will receive exceptional care close to home.
About Premier, Inc.
The Premier healthcare alliance includes more than 2,200 U.S. hospitals and 58,000-plus other healthcare sites working together to improve healthcare quality and affordability. Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier works with the Centers for Medicare & Medicaid Services (CMS) and the United Kingdom's National Health Service Northwest to improve hospital performance.
About Medline
Medline, the nation's largest privately held manufacturer and distributor of healthcare products, manufactures and distributes more than 100,000 products to hospitals, extended care facilities, surgery centers, home care dealers and agencies and other markets. Headquartered in Mundelein, IL, Medline has more than 800 dedicated sales representatives nationwide to support its broad product line and cost management services.
Over the past five years, Medline has been the fastest growing distributor of medical and surgical supplies in the U.S., serving as the primary distributor to over 250 major hospitals and health care systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing the supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities, and on-staff clinicians.
Medline has a growing network of 34 distribution centers around the country, as well as an expanding, dedicated transportation fleet with over 160 vehicles in a variety of sizes to fit customers' specific delivery needs. The fleet is equipped with the latest navigation devices for enhanced order tracking and communication.