Saint Thomas Health Saves 22% and Stramlines Label Purchases through PowerPlus™ Program
Challenge
- Saint Thomas Health Services, a group of four facilities in Middle Tennessee, lacked a standardized purchasing program for labels.
- Multiple departments outsourced hundreds of labels from up to 20 vendors, paying different prices for the same labels.
Consultative Solution
- Precision Dynamics-TimeMed documented label type, volume, and overall investment, while identifying products for standardization and stocking levels.
- An aggregate cost savings using Precision Dynamics-TimeMed products was furnished.
Results
St. Thomas achieved a 22% cost savings, or $73,000, through a single source solution for the majority of its labels and wristbands. Standardizing product usage through all departments saved additional time and resources.
Response:
Roger Larkin, Director of Purchasing
“PDC-TimeMed was the first company that was willing to help us go department-by-department to create an audit report, which ended up saving us months of time. They provided documentation that gave us a clear picture of everything that we were buying, proving that we were unnecessarily spending tens of thousands of dollars on duplicate and custom labels.
Not only do we save money across the board on labels, we also have a much more efficient, streamlined process that eliminates congestion, random vendors and ordering.
The actual savings was better than expected, and when you add the level of support we’ve received from PDC-TimeMed, reality has truly exceeded expectations.”
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Introduction
The Process
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St. Thomas Saves 22% with PowerPlus™
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