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Precision Dynamics Corporation - St. John's ValuePlus(TM) Standardization Service Empowers Hospitals to Consolidate Procurement Process and Improve Patient Safety



4/4/2012 7:29:31 AM

SAN FERNANDO, CA--(Marketwire - April 03, 2012) - Precision Dynamics Corporation - St. John, the global leader in healthcare identification solutions that maximize patient safety, announced the launch of its ValuePlus Standardization Service, which enables customers to control and consolidate procurement across their entire supply chain, while enhancing patient safety and reducing costs.

"When purchasing a wide array of healthcare products, it's not uncommon for individual departments to operate independently, ordering through dozens of vendors," said Geana Smalls, manager of corporate sales for Precision Dynamics - St. John. "This decentralized process causes organizations to lack visibility of their total spend, while missing opportunities for cost containment and process improvements -- a dilemma that costs hospitals millions of dollars per year."

With ValuePlus, healthcare organizations can consolidate purchases down to a single vendor, dramatically decreasing supply chain expenses and improving staff efficiencies. Clients of the service easily manage, monitor, and track their procurement process of healthcare identification products and associated costs, while eliminating wasted spending and congestion associated to random, multi-vendor purchasing.

Clients receive access to Precision Dynamics - St. John's industry leading identification solutions, including wristbands, labels, medical records & imaging products, and healthcare supplies that reach every major touch point in the delivery of care. Through their ability to prevent manual errors through positive patient identification, the products meet important patient safety regulatory guidelines, including The Joint Commission's Patient Safety Guidelines, HIPAA (Health Insurance Portability and Accountability Act) for protection of patient privacy, and AHA (American Hospital Association) to reduce the risk of lost or transferred data.

Programs are customized based on clients' unique ordering needs, and a cost savings of at least 10% is guaranteed, based on compliance with the service. "ValuePlus customers also benefit from the expertise of Precision Dynamics - St. John representatives," said Smalls. "Our consultants truly understand our customers' business challenges, and we provide personalized in-service support and staff training on the right products for each application."

The ValuePlus program consists of a two-phase process, beginning with a personalized collection and analysis procedure. Information related to clients' product data and usage, part numbers, and total dollar spend are utilized to develop an audit report that identifies products with standardization potential, and includes contract pricing information and estimated cost savings.

In the second phase, customers decide which standardization recommendations to implement, based on their needs to reduce supply chain expenses, streamline operations, and implement best practice initiatives and patient safety goals. "Often there's no need to change internal part numbers that are historically used," said Smalls. Finally, a detailed report is provided to assist with the management and tracking of the conversion. Precision Dynamics - St. John representatives continue to work closely with clients to track and customize the program, while helping to ensure that all levels of savings, service, and participation are met.

To learn more about Precision Dynamics - St. John's ValuePlus Standardization Service, please call 800.435.4242.

In January 2011, Precision Dynamics Corporation merged with The St. John Companies, Inc. to become the world's leading provider of identification and related patient safety solutions.

About Precision Dynamics Corporation - St. John
With more than 50 years of experience, Precision Dynamics Corporation - St. John is the global leader and pacesetter in the development of wristband, label, medical records and imaging systems. The company specializes in serving the healthcare, leisure and entertainment, and law enforcement industries. The company introduced the first single-piece patient wristband, first bar code wristband system, first Smart Band® RFID wristband system, first thermal printer wristband, and the award winning PDC Smart® Kiosk.

Precision Dynamics Corporation - St. John products are used in leading hospitals worldwide and comprise a comprehensive range of solutions that provide positive ID and positive clinical outcomes, while meeting important guidelines of The Joint Commission, World Healthcare Organization, FDA, AHA, and HIPAA. Complying with ISO 9001 standards, Precision Dynamics Corporation - St. John follows a systematic, world-standard approach to ensure superior product design, manufacturing, and customer support services. For more information, view www.pdcorp.com and www.stjohninc.com.

Precision Dynamics - St. John product names, company names, marks, logos and symbols mentioned herein are trademarks or registered trademarks of the Company. All other product names, company names, marks, logos and symbols mentioned herein are trademarks of their respective owners.


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