2nd
June
2016

A Letter from the President – February 2016

As a friend of PartsSource, I’d like to update you on the progress we are making as the largest marketplace for medical device products and services. Last month we celebrated our 15th Anniversary and believe we are incredibly privileged to contribute cost savings, productivity and enhanced quality to healthcare! Throughout the years we’ve had many milestones, but there are a few numbers I am particularly proud of and would like to share with you:

  • 4,632,708 replacement parts, depot repair and PM kits procured- faster, easier and for less!
  • 14,969 unique clinical facilities who count on PartsSource for Biomedical, Imaging and Facilities Engineering products and services
  • 5,201 sites using ePartsFinder in 2015, our online marketplace that can seamlessly integrate into your CMMS and ERP systems
  • $695,698,540 savings off OEM list!

Our success over the past 15 years is a direct result of great partners like you and thousands of clinical sites across the US who choose PartsSource for products, service and technology.

GROWING PARTNERSHIPS

The demand for PartsSource Pro – our all-in-one program for process re-engineering, productivity technology and supply chain resources for enterprise healthcare systems has been incredible! Our clients are benefiting from greater savings across their entire organizations, one simple and reproducible purchasing process and one platform to analyze all of their asset spend. We welcomed a number of new PartsSource Pro clients in late 2015, but there are three organizations I would like to highlight for their vision and commitment towards positive transformation. Click here to learn more.


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Novant Health has been able to save money and consolidate 193 suppliers and OEMs in less than three months by selecting PartsSource to save their engineers and purchasing team time with a simplified ordering process. They will also benefit from the PartsSource – Mainspring interface – just one of our many Asset Management (CMMS) and ERP integrations. Novant Health is a four-state integrated network in North Carolina, Georgia, South Carolina, and Virginia with 13 medical centers, 2,585 beds, and over 500 other physician clinic, outpatient and health services centers.

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Dartmouth-Hitchcock Health System worked with PartsSource to create a scalable, more time efficient parts procurement process as they continue to grow in the region, including at remote provider sites where engineers require mobile tools to maximize device uptime. Deeply entrenched in PartsSource’s data and analytics, Dartmouth is actively consolidating suppliers and OEMs as well as analyzing all contracted items for broader savings and productivity gains.  As New Hampshire’s only academic medical center, Dartmouth-Hitchcock Health System includes five medical centers with 650 beds.

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Capstone Health Alliance gives their member facilities additional purchasing power and direct access to technology, supply chain expertise and GPO-wide analytics. This partnership is a first of its kind in the GPO market for parts procurement. The Capstone Health Alliance is a regional group purchasing organization of healthcare members that includes more than 140 hospitals spanning 20 states, primarily in the Eastern and Southern half of the United States. Is your health system taking full advantage of the Capstone Member benefits?


ADVANCED IMAGING SOLUTIONS: ULTRASOUND PROGRAM

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Lehigh Valley Health Network turned to PartsSource for their complete ultrasound system and probe parts, support and service repair program. PartsSource and its partners analyzed 248 probes in a matter of days and identified the probes needing repair to uphold patient care standards. The on-going ultrasound program encompasses 268 systems, 638 general probes, 34 3D/4D probes and 20 TEE probes. By partnering with PartsSource on this turn-key managed solution, Lehigh Valley is able to save 15% on a total support cost over a 3rd party vendor in addition to significant time savings. Lehigh Valley Health Network is comprised of five campuses and almost 1,000 beds in Allentown, PA.


WORK SMARTER, FASTER

We are beginning to roll out our advanced integrations with AIMS, Connectiv, Mainspring, Medimizer, TMS and many other Asset Management Systems and ERPs via punch-out like Lawson, McKesson and PeopleSoft. Many customers are already benefiting from the speed, accuracy and reduced duplicative work of these simple system interfaces.  At PartsSource, we continually work beyond cost savings to drive productivity gains in your staff that results in more effective capacity within your organization. Our backlog is growing, jump in line now to secure your space!

Get Integrated


TRACK SPEND, UTILIZATION & QUALITY WITH 2015 YEAR-END REPORTS

PartsSource has completed your 2015 year-end site report that evaluates supply chain savings, utilization opportunity and performance quality to run a best in class operation. You can also identify additional cost savings opportunities, workflow improvements and benchmark your facilities against others. See a sample and request your report today!


Once again I’d like to thank you for your continued support during our first 15 years and we hope the next few decades generate even greater innovation and transformation for healthcare.

Sincerely,

Philip Settimi, MD
President & CEO
PartsSource, Inc.

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