HealthTrust Highlights
 HealthTrust
Purchasing Group Selected by Universal Health Services, Inc.
Brentwood, TN - February 19, 2008 –HealthTrust Purchasing Group,
LP (HealthTrust) announced today a five year agreement with Universal
Health Services, Inc. (UHS) to serve as its exclusive group purchasing
organization (GPO). The agreement will go into effect April 1, 2008.
As a member of HealthTrust, UHS will have access to the GPO’s portfolio
of medical supplies, pharmaceuticals, capital equipment, and
non-clinical products and services to help manage UHS’ approximate $500
million in annual spend. UHS will also serve on HealthTrust’s Advisory
Boards which provide leadership on clinical evaluation and operating
strategies for the GPO.
“We are very pleased to partner with UHS, and welcome them to our
roundtable,” said Jim Fitzgerald, president and CEO, HealthTrust. “UHS’
decision to join HealthTrust is further validation of our portfolio
advantage. Their understanding and commitment to our unique model will
serve to strengthen both organizations.”
About Universal Health Services, Inc.:
Founded in 1978, Universal Health Services is one of the nation's
largest and most respected healthcare management companies. The
organization owns and operates, through its subsidiaries, acute care
hospitals, behavioral health centers, surgical hospitals, ambulatory
surgery centers and radiation oncology centers nationwide and in Puerto
Rico.
Universal Health Services, Inc. is located at P.O. Box 61558, 367 South
Gulph Road, King of Prussia, PA 19406. Phone (610) 768-3300. For
additional information on the Company, visit our web site:
http://www.uhsinc.com.
About HealthTrust Purchasing Group, LP:
HealthTrust Purchasing Group, headquartered in Brentwood, Tennessee,
is a group purchasing organization that supports over 1300
not-for-profit and for-profit acute care facilities, as well as
ambulatory surgery centers, physician practices, and alternate care
sites. With an annual purchasing volume by its members of more than $13
billion, HealthTrust is committed to obtaining the best price for
clinically-recommended products, ensuring their timely delivery and
continuously evaluating and improving its services to the patients,
physicians and clinicians it serves.
HealthTrust is located at 155 Franklin Road, Suite 400, Brentwood, TN
37027.
FAH Corris Boyd Leadership and Diversity Award
Nomination Deadline October 10, 2007 (Nomination
Form)
DESCRIPTION:
The Federation of American Hospitals established this
award to honor the late Corris Boyd, whose vision of building a better
way to live and work through leadership and diversity was embodied in
the many accomplishments for which he is known.
The Corris Boyd Leadership and Diversity Award honors
an individual or company that has made an outstanding contribution in
fostering leadership and workplace diversity in the healthcare industry.
ABOUT CORRIS BOYD:
Before his untimely death from leukemia in December
2005, Corris Boyd was vice president for supply chain optimization at
Triad Hospitals, Inc. and served as executive vice president of supplier
diversity for the HealthTrust Purchasing Group. He was previously a
member of the leadership team for the HCA Pacific Group and an assistant
vice president with HCA in Nashville. Corris also served on the
Federation of American Hospitals’ Exposition Advisory Board for many
years and was a former chairman of the committee.
Corris Boyd committed his life to diversity and
excellence in healthcare. He believed that leadership development is
crucial to success and was devoted to the success of minority- and
women-owned business enterprises.
PURPOSE / GOAL:
The Corris Boyd Leadership and Diversity Award will
accomplish the following:
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Honor an individual and/or organization whose
service and vision often go unnoticed, for their leadership in
promoting awareness, changing behaviors, and empowering others to
join the ongoing effort to address diversity in healthcare.
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Recognize, strengthen and support leaders, and to
highlight the importance of leadership in improving peoples’ lives.
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Confirm that resourceful leaders are bringing
about positive change in the healthcare industry.
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Recognize the importance of an individual’s
initiative and the inspirational impact the recipients’ stories and
experience can have to motivate others to action.
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Increase understanding, change perceptions,
and/or impact policy and behavior.
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Identify best practices and stimulate the
replication of best practice models.
CRITERIA:
The nominated individual or company should meet the
following criteria:
Leadership
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A professional that leads by example.
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Has driven their organization to excellence and
has had an impact on other organizations.
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Demonstrates fairness in business transactions
and dealing with people.
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Proven success in mentoring others.
Diversity
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Encourages diversity in the healthcare profession
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Works to attract and retain employees from
diverse backgrounds.
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Proven success in past programs
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Active in creating new initiatives
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Measurable results
ELIGIBILITY:
Candidates must be members of the Federation of
American Hospitals and/or attendees of the FAH Public Policy Conference
and Business Exposition. However, FAH membership is not a requirement
for nomination.
Consideration will be given to candidates who have
successfully championed equality and promoted understanding of diversity
through education, policy development, and creating or leading
organizational change.
NOMINATION PROCEDURE:
Nominations must be submitted on or before October
10, 2007. For additional nomination forms please contact Bonnie
Moneypenny, Senior Vice President, Administrative Services, Federation
of American Hospitals via phone 501-661-9555 or e-mail
bmoneypenny@fah.org.
SELECTION PROCESS:
The FAH Business Exposition Advisory Board has
established the criteria for this award and will vote by secret ballot
to determine the award recipient.
KEY DATES:
Please be advised that recipient is expected to be
available to attend the 2008 FAH Public Policy Conference and Business
Exposition, March 2-5, 2008 in Washington, D.C.
NOMINATION:
 Consorta,
Inc. Finalizes Agreements to Become Sixth Equity Owner for HealthTrust
Purchasing Group.
Schaumburg, Ill., April 18, 2007 – Consorta, Inc. and
HealthTrust Purchasing Group, LP, two of the nation’s leading healthcare
group purchasing organizations, today finalized the agreement that
establishes Consorta as the sixth equity owner in HealthTrust.
The combination of the two companies creates the
nation’s fourth largest group purchasing organization (GPO), with more
than $13 billion in combined volume. “As an equity owner of HealthTrust,
we will be able to offer members the best overall contract value and
return among all GPOs,” explained John W. Strong, Consorta’s president
and chief executive officer.
According to Strong, during the first five years of
the partnership, Consorta forecasts that the combination will provide
shareholders and members with $535 million in cost savings, via price
reductions and broader coverage afforded by HealthTrust’s portfolio. All
12 Consorta shareholders are participating in the combination, along
with Consorta affiliates.
"We are very pleased to have these outstanding
Consorta shareholders and affiliates as new members of HealthTrust,”
said Jim Fitzgerald, president of HealthTrust. “While it validates our
unique model and value-proposition, I'm even more excited about the
potential to strengthen our competitive position. We’ll refresh all of
our contracts over the next 18 months, delivering added value to all
HealthTrust members.”
HealthTrust will be responsible for all GPO
Operations, including contracting. Consorta will remain an independent
organization, serving as its shareholders’ voice on the HealthTrust
Board of Advisors, and on HealthTrust clinical advisory boards to guide
product selection. Consorta will also provide educational and analytical
programs and manage member compliance for its shareholders.
“This combination holds great promise for each
Consorta shareholder, and I believe it will yield tremendous benefit in
shared best practices, in addition to the economic value,” said Lou
Fierens,
Consorta Board Chair and senior vice president, Supply Chain Management
and Capital Projects at Trinity Health.
(Click for Press
Release...)
Consorta Joins HealthTrust As Equity Owner
Combination expected to provide $535 million in net savings to
Consorta members over five years.
Schaumburg, Ill, January 4, 007 – Consorta, Inc. and
HealthTrust Purchasing Group, LP, two of the nation’s leading healthcare
group purchasing organizations, today announced a combination that will
bring significant added value to their member hospitals and patients for
years to come. The two organizations have signed a letter of intent to
establish Consorta as HealthTrust’s sixth equity owner.
“Consorta had a record-breaking year in 2006 and we
are excited to start 2007 announcing plans to partner with HealthTrust
Purchasing Group,” said John Strong, President and CEO of Consorta. “We
conducted thorough due diligence to align with the right partner and it
was clear that HealthTrust would be the best fit with our mission,
culture and patient focus moving forward. The economic benefit is very
compelling, and we are excited about combining our resources to offer
increased cost savings and value to our members, now and well into the
future.”
The combination, expected to close by February 28,
2007, will create one of the country’s largest group purchasing
organizations, with more than $13 billion in combined volume. Consorta
expects the transaction to yield current and future cost savings of $535
million for shareholders and members.
“Consorta brings a very impressive track record to
our organization,” said Jim Fitzgerald, President and CEO of
HealthTrust. “We believe this is a unique combination, in that both
organizations have become industry leaders by focusing on a
patient-first philosophy in product selection. We are highly confident
that our respective members’ commitments will yield a substantial,
sustainable price advantage moving forward.”
Following the transaction, Consorta will remain an
independent organization, serving as its shareholders voice on the
HealthTrust Board of Advisors. Consorta shareholders and members will
become members of HealthTrust. Consorta will help recruit new
HealthTrust members, provide educational and analytical programs and
manage member compliance. Also, Consorta shareholders will serve on
HealthTrust clinical advisory boards and other boards to guide product
selection.
“This partnership holds great promise for each of the
Consorta shareholders, and I believe the combination will yield
tremendous benefit in shared best practices, in addition to the economic
value.” said Lou Fierens, Consorta Chairman and SVP of Supply Chain
Management and Capital Projects at Trinity Health.
Once the combination is finalized, Consorta expects
to reduce its Schaumburg headquarters over a period of 18 months.
Consorta’s Board of Directors and senior management is expected to
remain in their current positions in support of their shareholders.
Together, the parties will continue their work as
national leaders in the movement for greater industry accountability.
The two organizations joined in 2005, with other industry leaders, to
form the Healthcare Group Purchasing Industry Initiative, an
organization created to monitor and promote best ethical and business
practices within the industry. The Initiative now boasts nine members
and continues to function as a resource for best practices in compliance
and transparency.
(Click for Press
Release...)
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HealthTrust Purchasing Group Gathers Members and Vendors for 2007 Materials Management Conference & Vendor Fair
Brentwood, Tennessee. December 14, 2006 – HealthTrust Purchasing Group (HealthTrust) will conduct its annual Materials Management Conference and Vendor Fair at the Gaylord Palms Hotel in Orlando, Florida, August, 20 - 23, 2007.
Since its launch in 1999, HealthTrust has provided an opportunity for its members to interact and network with many of the nation’s industry-leading suppliers, companies that have successfully completed an extensive screening process to become a HealthTrust contracted vendor. HealthTrust covers the cost for one materials manager from each member facility to attend the 3-day event, which provides important updates and information straight from the Company’s executive leadership, and offers HealthTrust vendors exposure to its entire membership.
While each year’s agenda varies slightly, attendees can expect to hear nationally recognized keynote speakers and entertainers. The 2006 event in Chicago featured Deborah Norville from TV’s Inside Edition; New York Times’ writer, Kurt Eichenwald; ethicist, Kirk O. Hanson from Santa Clara University; Steve Bridges, the country’s most well known George Bush look-a-like; motivational speaker, John Alston; and illusionist and comedian, Kevin King.
This annual conference is open only to HealthTrust members and contracted vendors. With nearly 1400 materials managers from across the country and close to 200 national vendor companies who participate in the annual event, the 2007 event in Orlando is destined to be another great event.
HealthTrust Purchasing Group welcomes the opportunity to discuss your company’s involvement with our GPO.
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If you are a healthcare facility or provider and are interested in becoming a HealthTrust member, click here.
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If you are a supplier interested in becoming a HealthTrust contracted vendor, click here.
Remember, only members and contracted vendors may attend HealthTrust’s annual Materials Management Conference and vendor fair.
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