Everything4MDs.com Perfects E-Procurement to Generate Cost-Savings And Supply Chain Agility

Federal Government Realizes What Physicians Knew All Along



Apr 27, 2001, 01:00 ET from Everything4MDs

    MARINA DEL REY, Calif., April 27 /PRNewswire/ -- Everything4MDs.com
 (http://www.E4MDs.com), the leading privately held Web site resource for
 online ordering of medical and office supplies, continues to simplify
 healthcare e-commerce and help medical groups throughout the country lower the
 costs and administrative expenses associated with buying medical and office
 supplies and services.  Recently, the federal government turned its attention
 to e-procurement initiatives like E4MDs' business, which currently offers one
 resource for all medical and office supplies and cuts the cost of goods by
 nearly 70%.
     "In his proposed budget, President George W. Bush plans to allocate
 $100,000,000 over a three year period for interagency e-government initiatives
 such as e-procurement," says Robert W. Hess, Ph.D., Director of Operations of
 E4MDs.  "The administration has realized what E4MDs has known and put into
 action for the last 2 years -- that paperless contracting with e-procurement
 saves money through reduced transaction costs and greater vendor competition."
     E4MDs implemented Internet-based supply-chain management as a systematic
 approach to inventory control, stretching across the chain of supply from
 manufacturer to the healthcare organization to the end-user.  Realizing that
 the escalating costs of medical and office supplies and the inefficiencies of
 ordering via the telephone or a paper-based FAX system compromised the
 competitiveness of many medical groups, E4MDs brought together previously
 unknown buyers and sellers, creating a centralized, online resource for every
 physician nationwide.
     Introducing new product lines on a regular basis, E4MDs leveraged B2B
 e-commerce procurement ease-of-use to negotiate more favorable supplier
 discounts.  As a result, healthcare organizations generally save 5% to 70% per
 item, with an average discount of around 30%, and manufacturers cut their
 prices to achieve economies of scale and to reduce the ranks of salespeople
 making calls on their client base.  Competition is heightened when suppliers
 recognize that customers can instantly compare prices on the e-vendor's site.
     "Recognizing that the Internet has become more pervasive in the economy,
 the Office of Management and Budget will surely direct fund allocation to the
 online purchase of medical supplies as it becomes the preferred way for
 procurement," concludes Dr. Hess.  "As a supporter of information technology
 projects related to e-government strategies, the federal government should
 note and address the savings e-procurement affords to medical groups and the
 compelling strategic advantage it helps businesses to gain by creating supply
 chain agility."
 
     About E4MDs
     Based in Reseda, California, Everything4MDs (E4MDs) is a privately held
 B2B e-Commerce company for physician practices, IPAs, radiology centers and
 other healthcare provider delivery systems.  Through its Web site,
 http://www.everything4MDs.com, more than 40,000 providers currently have
 access to a wide range of products and services at deeply discounted rates.
 E4MDs maintains vendor relationships with the nation's leading pharmaceutical
 and medical device manufacturers and other suppliers of products and services
 for physician offices.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X66306529
 
 

SOURCE Everything4MDs
    MARINA DEL REY, Calif., April 27 /PRNewswire/ -- Everything4MDs.com
 (http://www.E4MDs.com), the leading privately held Web site resource for
 online ordering of medical and office supplies, continues to simplify
 healthcare e-commerce and help medical groups throughout the country lower the
 costs and administrative expenses associated with buying medical and office
 supplies and services.  Recently, the federal government turned its attention
 to e-procurement initiatives like E4MDs' business, which currently offers one
 resource for all medical and office supplies and cuts the cost of goods by
 nearly 70%.
     "In his proposed budget, President George W. Bush plans to allocate
 $100,000,000 over a three year period for interagency e-government initiatives
 such as e-procurement," says Robert W. Hess, Ph.D., Director of Operations of
 E4MDs.  "The administration has realized what E4MDs has known and put into
 action for the last 2 years -- that paperless contracting with e-procurement
 saves money through reduced transaction costs and greater vendor competition."
     E4MDs implemented Internet-based supply-chain management as a systematic
 approach to inventory control, stretching across the chain of supply from
 manufacturer to the healthcare organization to the end-user.  Realizing that
 the escalating costs of medical and office supplies and the inefficiencies of
 ordering via the telephone or a paper-based FAX system compromised the
 competitiveness of many medical groups, E4MDs brought together previously
 unknown buyers and sellers, creating a centralized, online resource for every
 physician nationwide.
     Introducing new product lines on a regular basis, E4MDs leveraged B2B
 e-commerce procurement ease-of-use to negotiate more favorable supplier
 discounts.  As a result, healthcare organizations generally save 5% to 70% per
 item, with an average discount of around 30%, and manufacturers cut their
 prices to achieve economies of scale and to reduce the ranks of salespeople
 making calls on their client base.  Competition is heightened when suppliers
 recognize that customers can instantly compare prices on the e-vendor's site.
     "Recognizing that the Internet has become more pervasive in the economy,
 the Office of Management and Budget will surely direct fund allocation to the
 online purchase of medical supplies as it becomes the preferred way for
 procurement," concludes Dr. Hess.  "As a supporter of information technology
 projects related to e-government strategies, the federal government should
 note and address the savings e-procurement affords to medical groups and the
 compelling strategic advantage it helps businesses to gain by creating supply
 chain agility."
 
     About E4MDs
     Based in Reseda, California, Everything4MDs (E4MDs) is a privately held
 B2B e-Commerce company for physician practices, IPAs, radiology centers and
 other healthcare provider delivery systems.  Through its Web site,
 http://www.everything4MDs.com, more than 40,000 providers currently have
 access to a wide range of products and services at deeply discounted rates.
 E4MDs maintains vendor relationships with the nation's leading pharmaceutical
 and medical device manufacturers and other suppliers of products and services
 for physician offices.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X66306529
 
 SOURCE  Everything4MDs