When it comes to cost-cutting efforts, where do you start? TPC Members have the advantage of looking across multiple business lines for essential cost reduction opportunities. Learn more about what we can do for you.
Becoming a TPC Member Brings Meaningful Cost Reductions for Healthcare Organizations
When Hendrick Health System joined TPC in 2011, the organization saw a significant reverse in a years-long trend of rising supply costs. In 2005, supply expense as a percentage of net revenue at Hendrick was at 23%; by 2014, that number had dropped to 18.9%. “That, to me, is a very telling story about the amount of value that TPC has added,” explains Jeremy Walker, Chief Financial Officer of Hendrick Health System. “Overall, the TPC solution has saved our {combined} organizations over $180 million since 2010,” Walker says.