WASHINGTON, May 17, 2016 /PRNewswire-USNewswire/ -- The Healthcare Supply Chain Association (HSCA), which represents the nation's leading healthcare group purchasing organizations (GPOs), today welcomed Asheville, North Carolina-based Capstone Health Alliance as a new member. Capstone President and CEO Tim Bugg will join the HSCA board of directors, lending his over 23 years of supply chain experience to the organization's leadership body.
"HSCA members are healthcare industry leaders in delivering critical cost savings and efficiencies to America's hospitals, long-term care facilities, surgery centers and clinics. HSCA is pleased to partner with Capstone to continue to tell the GPO story in Washington and around the country, and to help advocate for policy solutions that increase competition and innovation in the healthcare market," said HSCA President and CEO Todd Ebert, R.Ph. "We are also happy to welcome Capstone President and CEO Tim Bugg to our board of directors, whose expertise will help GPOs continue to deliver billions in savings annually to healthcare providers, Medicare and Medicaid, and taxpayers. Capstone's commitment to delivering cost savings to its provider members allows them to continue to focus on providing first-class care to patients."
Capstone is one of the largest affiliated alliances in the southeast, with a membership of 85 health systems, 151 hospitals, and three group partnerships. Since 2000, Capstone has implemented over $210 million in savings for its members, with over 600 individual contracts. With its national GPO partner, Premier, Inc., Capstone is able to blend regional and national portfolios for outstanding contracting options.
"Capstone takes an innovative approach to identifying cost savings for our members. We are pleased to join an organization whose GPO members are dedicated to delivering the best products at the best value to healthcare providers and the patients they serve," said Capstone President and CEO Tim Bugg. "The healthcare supply chain plays an essential role in safeguarding patient access to healthcare, and as a new HSCA member, Capstone looks forward to helping advance practices that will strengthen the supply chain and, ultimately, patient care.
GPOs are sourcing and purchasing partners to virtually all of America's 5,000+ hospitals, as well as to the 68,000+ non-acute care facilities, including long-term care facilities, surgery centers, and clinics.
About the Healthcare Supply Chain Association (HSCA)
The Healthcare Supply Chain Association (HSCA) represents the nation's leading healthcare group purchasing organizations (GPOs), which are critical cost-savings partners to America's hospitals, nursing homes, nursing home pharmacies, clinics, home healthcare providers and surgery centers. GPOs deliver billions in savings annually to healthcare providers, Medicare and Medicaid, and taxpayers. HSCA and its member GPOs are committed to delivering the best products at the best value to healthcare providers, to increasing competition and innovation in the market, and to being supply chain leaders in transparency and accountability. For more information, visit www.supplychainassociation.org. Follow HSCA on Twitter @HSCA or at the Inside HSCA blog.
About the Capstone Health Alliance
Capstone Health Alliance is a group purchasing alliance of healthcare members that delivers real cost savings through the power of aggregation and collaboration. Based in Asheville, North Carolina, Capstone represents over $5 billion in acute care supply chain spend. To create the best savings opportunities for our members, we pair Premier's national portfolio with our local aggregation model – blending the best of national and regional contracting – to continually expand our extensive portfolio of more than 600 preferred pricing agreements. Capstone delivers quantifiable savings and actionable data that enable better supply chain decisions for our member facilities. In addition to cost savings initiatives, Capstone members collaborate to share best practices and pursue resource utilization initiatives, all with the intent of improving cost, quality, and outcomes in patient care.
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SOURCE Healthcare Supply Chain Association (HSCA)