This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yankee Alliance And GE Healthcare Sign Exclusive Hospital Operations Management Agreement

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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs