30th
March
2017

Cincinnati Children’s Ensures Quality with PartsSource while Reducing Overall Procurement Spend

Cleveland, Ohio – March 21, 2017 –  PartsSource, a leading provider of medical products and technology solutions, announced today that Cincinnati Children’s Hospital Medical Center has selected the company’s PartsSource Pro solution for its ability to standardize the procurement process for medical products and accessories, while ensuring the highest possible quality and reducing overall procurement spend.

Increasing process efficiency was the main objective behind the health system’s decision to select PartsSource Pro. Efficiency will be achieved with the implementation of three key deliverables: integration into local financial systems – PeopleSoft and TMS, process improvement through workflow automation and cost savings on products and services by leveraging PartsSource’s buying power. Staff also has the ability to order products from a customizable online catalog of over 4 million SKUs to gain purchasing control over spend and supplier performance.

President and CEO, Philip Settimi MD of PartsSource commented, “As we continue to partner with more children’s hospitals, we design and implement solutions derived from evidenced-based research to ensure we are creating an efficient, high quality and cost effective process to support this fragile patient population. PartsSource Pro reduces overall procurement spend and provides hospitals a trusted solution that offers quick access to rapidly changing information to achieve the best outcomes.”

 

About PartsSource. PartsSource is a leading provider of medical products and technology solutions. Combining a suite of software-enabled services with industry best practices, PartsSource is empowering its customers to drive costs out of the healthcare delivery system while improving outcomes. In addition to automating the highly complex workflow associated with procurement, PartsSource delivers the industry’s only online, fully integrated medical products and repair parts procurement marketplace. PartsSource facilitates more than 1,500,000 transactions annually by connecting thousands of OEMs and suppliers to over 12,000 hospitals and clinical sites worldwide.

About Cincinnati Children’s Hospital Medical Center. Cincinnati Children’s, a nonprofit academic medical center established in 1883, is one of the oldest and most distinguished pediatric hospitals in the United States. It has 629 registered beds, including 95 inpatient behavioral-health beds and 36 residential behavioral health beds. Cincinnati Children’s offers comprehensive clinical services, from treatments for rare and complex conditions to well-child care. In the 2016-17 U.S. News & World Report survey of best children’s hospitals, Cincinnati Children’s ranked No. 3 among all Honor Roll hospitals.