WARRENDALE, Pa., March 10 /PRNewswire/ -- Diagnostix(TM) LLC president Mary Beth Lang announced that the data driven savings provider has entered into a five-year agreement with Laconia, N.H.-based LRGHealthcare (LRGH) to implement its proprietary AccuPrice(TM) daily price auditing program at LRGH facilities. The announcement was made on the heels of Diagnostix introducing a new data-driven savings solutions platform. Diagnostix is a wholly owned subsidiary of St. Louis-based leading health care group purchasing organization, Amerinet. LRGH also signed a five-year contract with Amerinet for other supply chain management services. The Diagnostix AccuSave(TM) service is expected to be implemented in the near future as part of the new partnership between LRGH and Amerinet. (See press release titled “Amerinet Signs LRGHealthcare to Five Year Contract.”)
“Diagnostix’s unique and innovative data management and technology focused programs were a driving force in our decision to move forward with the relationship,” said Glen Richardson, LRGH director of materials management. “We needed to address our supply chain performance needs from end to end, and the Diagnostix team presented us with programs and services that we believed could help us deliver long-term cost savings.”
Diagnostix focuses on developing and implementing programs to help hospitals and health systems recognize and sustain significant savings - up to 10 percent of supply costs. Diagnostix supplies the tools and training to identify cost savings opportunities, manage contracts, reduce supply chain expenses, identify and eliminate pricing variances, and negotiate custom contracts. Core programs and services include consulting and training, the AccuPrice daily price auditing program, and the AccuSave program for managing and analyzing contracting and purchasing data.
“We introduced the Diagnostix initiative to address an unmet need that we discovered in the marketplace,” said Amerinet CEO Robert P. “Bud” Bowen. “We invested time and resources during the past year to add to our Diagnostix portfolio so that we could offer members comprehensive and complete margin improvement solutions. We are very pleased with the result and are actively promoting the programs and services to our members.”
AccuPrice is a software tool that combines master file maintenance with automated daily price audits to allow a health care facility’s staff to quickly identify and resolve pricing errors. Purchases are automatically reviewed every day to determine number of invoices and lines, favorable and unfavorable variances, and items that are not on file. Staff then uses the daily report to correct errors that negatively affect supply costs and identify opportunities for additional savings.
AccuSave is a software tool that aligns data from multiple systems to provide a comprehensive and clear view of a facility’s purchases, including what the facility purchased, from whom they purchased it, and what it cost. AccuSave reports allow staff to easily track volume and price variance to ensure that the facility is consistently capitalizing on the best available pricing.
“We have all of the tools and services in place to provide Amerinet members with end-to-end solutions to their supply chain management challenges,” said Mary Beth Lang, Diagnostix LLC president. “We are delighted to have the chance to begin implementing our new programs with a health care provider as respected and reputable as LRGH.” Lang reported that the LRGH agreement became effective on February 1 and expects to begin implementation no later than May 15.
Based in Laconia, N.H., LRGHealthcare, the recipient of the New Hampshire Business of the Decade in Healthcare Award, represents Franklin Regional Hospital, Lakes Regional General Hospital, Affiliated Medical Providers, HealthLink, Community Wellness Centers, the Dental Resource Center, Lakes Region Adult Day Health Care Center, the Holistic Health Center, and other community-based services. LRGHealthcare is committed to making health care available, accessible, and affordable.
About Amerinet
Amerinet is one of the most innovative and effective health care group purchasing organizations in the United States, partnering with members to improve their operating margins. Amerinet leads the industry in flexibility with a commitment to providing supplier choice for its members. Amerinet’s national network of companies - Amerinet Central, Intermountain Health Care and Vector - has set the standard for customer service for nearly two decades.
More than 1,880 hospitals and 22,000 non-acute care facilities find cost savings and value-added services through Amerinet’s comprehensive contract portfolio. Members trust Amerinet to deliver proactive information and integrity.
For more information about Amerinet, visit the Web at http://www.amerinet-gpo.org/ . For more information about Diagnostix, LLC, Amerinet members should call or e-mail Mary Beth Lang at 877-328-2791 or langm@diagnostix.biz, or visit the Web at http://www.diagnostix.biz/ .
Amerinet
CONTACT: Lisa DiMuccio-Conway, Senior Director, Corporate Communicationsof Amerinet, +1-724-772-8388, or lisa.conway@amerinet-gpo.com ; or AmyMastrippolito, +1-412-377-3771, or pr@businesspartner.com , for Amerinet