university hCovenant Health forms collaborative

university hCovenant Health forms collaborative,There is a way if youre able to get an agreement with vendors and show a high level of complianceuniversity hCovenant Health forms collaborative that you can get pretty significant discounts, Covenant Health President and CEO Tony Spezia said.

The group anticipates committing to 30 agreements yielding savings of about $12 million. Spezia said Covenant will realize about one-third of that total.

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The new collaborative, called the Central Atlantic Health Network Eastern Health, consists of Covenant Health as well as CarolinaEast Health System in New Bern, N.C., Centra Health Inc. in Lynchburg, Va., Mary Washington Healthcare in Fredericksburg, Va., and University Health Systems of Eastern Carolina in Greenville, N.C.

All are members of VHA Inc., a national purchasing network for not-for-profit health care organizations, but this new partnership will enable the group to secure even deeper discounts, Spezia said.

Covenant hopes to extend participation to other regional hospitals unaffiliated with a health care system.

Business writer Carly Harrington may be reached at 865-342-6317.

Knoxville-based Covenant Health has joined with four health care systems in North Carolina and Virginia to form a purchasing coalition that is expected to save the group $12 million in its first year.

The savings will come from standardization and increased volume. It also has the potential to create additional savings in supply chain network and distribution.

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