Glendale Heights, IL – For the second year in a row, Adventist GlenOaks Hospital earned the Supply Chain Excellence Award presented by the Premier healthcare alliance. Adventist GlenOaks Hospital is one of just two hospitals in the state and 18 in the country to receive the 2008 award, which honors Premier member hospitals for achieving superior supply expense performance.
“We are proud to be recognized once again for our ability to provide quality health care while managing costs effectively,” said Lionel Lynch, regional director of materials management for Adventist Midwest Health. “Our staff is dedicated to making sure our patients benefit from our efforts.”
The award was presented June 11 at the 2008 Premier Annual Breakthroughs Conference & Exhibition in Nashville, Tenn. The ceremony was held at the Grand Ole Opry and featured a special presentation from country music legend Naomi Judd.
“Achieving and sustaining strong supply chain performance is essential to a healthy bottom line, which ensures that the health needs of our community are met,” said Mike Alkire, Premier Purchasing Partners president. “We are pleased to recognize the significant accomplishments of our Supply Chain Excellence Award winners.”
Winners’ supply expense performance is measured by Premier’s recently upgraded SupplyFocusTM, the industry’s largest comparative database of operational and supply chain cost information for acute care hospitals. Winners were identified using four industry standard supply expense ratios and a case-mix-index-based peer grouping methodology to ensure that organizations of diverse sizes and complexity were considered equally.
Supply expense ratios are supply expense as a percent of total operating expense, supply expense as a percent of net patient revenue, supply expense per adjusted patient day and supply expense per adjusted discharge.
To be eligible, each organization had to submit four quarters of 2007 data to SupplyFocus. With 40 indicators measuring and trending performance in cost and operations, SupplyFocus enables hospitals to compare supply expense performance to that of similar facilities and easily identify improvement opportunities.
Serving more than 2,000 U.S. hospitals and 50,000 other healthcare sites, the Premier healthcare alliance and its members are transforming healthcare together. Owned by not-for-profit hospitals, Premier operates one of the leading healthcare purchasing networks and the nation’s most comprehensive repository of hospital clinical and financial information. For more information, please visit: http://www.premierinc.com/about/news/awards/sc-performance-awards/index.jsp.
Adventist Midwest Health includes Adventist Bolingbrook Hospital, Adventist GlenOaks Hospital, Adventist Hinsdale Hospital and Adventist La Grange Memorial Hospital. To find a physician, visit www.keepingyouwell.com.