WSJ – Trinity Health Will Centralize Control of its Medical Supply Chain

Wall Street Journal LogoWSJ – Trinity Health Will Centralize Control of its Medical Supply Chain

Trinity Health a Catholic health care provider is centralizing its supply chain to curtail costs, reports journalist Loretta Chao with the Wall Street Journal. Doing so will ultimately save the company 20 million dollars a year. This is critical as there has been societal pressure to provide belter healthcare and a better cost.

In the recent past most hospitals took care of their own ordering of supplies even if part of a larger chain or each department did so. Such consolidation allows the hospitals to take advantage of “Big Data” analytics to better order where each facilities needs are based on past performance.

Specifically:

Trinity is hiring XPO Logistics Inc. to operate the Fort Wayne distribution hub, which will be equipped with “state-of-the-art” warehousing technology and be built within a year, and to manage distribution of goods from the site. Three satellite warehouses, also to be run by XPO, are expected to be added by 2020, but the Fort Wayne facility will remain a central drop-off point for suppliers.

By centralizing the ordering and performing more ordering in bulk, the savings will be tremendous. This is also good for XPO as it has seen its stock price drop over the last year. The Trinity contract allow Trinity after a period of time to shop around for a warehouse manager so it will keep XPO constantly in it toes performing as well as XPO can so as to keep the contract.

Likewise in medical billing, centralizing is a large cost saver. Physicians Billing Service can centralize your billing on our state of the art EHR cloud platform and we can also perform your billing for you or we can train you to use our system. If we bill you get the following benefits:

  • No hardware or software overhead costs including staff and maintenance
  • We are ICD-10 experts and know the over 70,000 billing codes
  • We bill within 24 business hours
  • We do not get paid until you get paid
  • We are a privately owned company, in business since 1989, and we pride ourselves on great, personal customer service.  Please read our customer reviews on Google+.
  • Experienced staff performing all work, not just a new person hired and trained yesterday.

Call our medical billing company’s owner, Michelle Stahl at (703) 978-0756 or contact us by using the Physicians Billing Service online contact form. You will be glad you did.

To read ‘Trinity Health Will Centralize Control of its Medical Supply Chain’ on the Wall Street Journal web site, click here.


 

By Michelle Stahl, Owner, Physicians Billing Service

You can Find Michelle Stahl, Owner of Physicians Billing Service on Google+.


 

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