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Yankee Alliance And GE Healthcare Sign Exclusive Hospital Operations Management Agreement

Stocks in this article: GE

GE Healthcare and Yankee Alliance announced an exclusive, 3-year purchasing agreement to offer GE’s Hospital Operations Management (HOM) portfolio to Yankee Alliance’s 164 acute care facilities in the Eastern U.S. The portfolio will include products and solutions that address patient flow and logistics; safety and compliance, and asset management.

The HOM portfolio helps hospitals eliminate operational inefficiencies in their care delivery process. It replaces disparate operational systems with a single control system that functions in a similar manner to an air traffic control system – acquiring, organizing and presenting data from multiple sources in a way that focuses the user on relevant performance characteristics and supplies the necessary information to keep operations running smoothly – across the enterprise.

“Hospital Operations Management is about improving asset availability, lowering operating expenditure, and improving efficiency and safety of patient care,” said Craig Shoukimas, Vice President Contracting. “At Yankee Alliance, we are focused on finding innovative ways for our members to lower costs while maintaining clinical quality. Advanced technology solutions enable our members to harness data to make improvements to issues like bed management, asset distribution, and transport, to name a few. We’re giving our members the necessary tools and data in order to make informed decisions and provide optimum patient care.”

Ellis Medicine, located in Schenectady, New York, was the first Yankee Alliance member hospital to adopt GE’s HOM portfolio. Their first stage of integrating HOM focused on combining process change with real-time tracking technology to improve mobile asset management, particularly for IV pumps. At first, GE committed to enabling $475,000 in cost savings over three years, and has since exceeded expectations, with Ellis seeing $1.1 million in savings – more than double the projected return. The remarkable success has prompted Ellis to explore other operational areas, such as improving patient flow and hand hygiene compliance.

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