Integrated Healthcare Holdings, Inc. and Broadlane Continue Successful Relationship
Broadlane announced today that Integrated Healthcare Holdings, Inc. (OTCBB: IHCH) will maintain its exclusive relationship with Broadlane.
Dallas, TX (Vocus) April 29, 2008
Broadlane announced today that Integrated Healthcare Holdings, Inc. (OTCBB: IHCH) will maintain its exclusive relationship with Broadlane. Terms of the agreement were not disclosed. Integrated Healthcare Holdings, Inc. (IHHI) will continue to access Broadlane’s unparalleled national GPO portfolio of consumable supplies, equipment, pharmaceuticals and purchased services to help manage its approximate $52 million in annual spend for all four hospitals in Orange County, California.
IHHI also will continue to utilize Broadlane’s Item Master Maintenance and proprietary technology, OnRamp (Broadlane’s client portal).
Under the new agreement, IHHI will add clinical consulting to its list of services provided by Broadlane. Specifically, Broadlane will implement its Medication Use Management (MUM) program in IHHI facilities. Broadlane’s MUM program uses evidence-based medicine standards to support cost-effective therapies that help maintain or improve clinical outcomes.
“We are excited to continue our successful, exclusive relationship with IHHI,” said David Ricker, president and COO, Broadlane. “IHHI is a valuable client, and we expect to deliver even greater savings and supply chain improvements in the coming years.”
In addition, by using Broadlane’s workforce services, IHHI hospitals will continue to simplify and enhance all aspects of the clinical contract labor process including: agency contracting, contract labor staff requisition and fulfillment, contract labor credential and performance tracking, time tracking and payments. Broadlane’s Web-based vendor management system will allow IHHI to efficiently assess the availability and credentials of staff from all its contracted agencies to ensure the quality of any contract nursing and allied health staff working in IHHI hospitals.
“Broadlane’s overall service offering is unmatched,” said Steve Blake, CFO, IHHI. “We conducted appropriate due diligence to determine our course of action over the next few years, and we are pleased to extend our agreement with Broadlane for the duration. They have demonstrated a continuous ability to provide significant savings and supply chain improvement, and we look forward to further savings and improvement with the new MUM program.”
About Integrated Healthcare Holdings, Inc.
IHHI has owned and operated four hospitals in Orange County, California since March 2005. These hospitals include Western Medical Center Santa Ana, Western Medical Center Anaheim, Coastal Communities Hospital and Chapman Medical Center. IHHI is a publicly-traded company and can be found on the OTCBB under the stock ticker symbol IHCH. For more information, visit www. ihhioc. com.
About Broadlane
Broadlane is a leading supply chain services company serving thousands of acute care hospitals,
Ambulatory care facilities, physician practices and other healthcare providers throughout the United States.
Broadlane provides comprehensive supply chain services including:
High-powered national and custom contracting Innovative Procurement Services and technology Informatics – benchmarking, analytics and reporting Deep clinical and operational expertise Resource Management Services
Broadlane's clients include leading providers such as Advocate Health Care, Ascension Health, CHRISTUS Health, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, MedCath Corporation, New Hanover Regional Medical Center, Sisters of Charity of Leavenworth Health System, St. Luke’s Episcopal Health System, Tenet Healthcare, The Health Alliance of Greater Cincinnati, US Oncology, UMass Memorial Health Care and Beaumont Hospitals.
The company is headquartered in Dallas with offices in Cincinnati, Detroit, Houston, Kansas City, New York City and Oakland. For more information, visit www. broadlane. com.
Media Contact:
Jim Webb
Broadlane
972.813.7782
Jim. webb @ broadlane. com
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