Intermountain Healthcare topped Gartner’s 2016 Healthcare Supply Chain Top 25 for "companies across the value chain that demonstrate leadership in improving human life at sustainable costs." After two years at number three and six years in the top 10, Intermountain’s move to the number one spot is the culmination of strategy, talent and capital coming together in a sustained effort to transform its supply chain, according to Gartner. The report from Gartner analysts added, “We believe the successes are just beginning for Intermountain.”
“With per person healthcare costs in the U.S. hitting an all-time high this year and with healthcare spending projected to grow over the coming decade at a faster rate than the national economy, managing healthcare costs is a national imperative,” says Marc Harrison, MD, Intermountain Healthcare’s President and CEO. “Intermountain has been leading the way for several years, and our supply chain organization has helped us find significant savings. It’s one of the main reasons Utah healthcare costs are among the lowest in the nation.”
Gartner reported that implementing patient-focused strategies helped Intermountain provide high-quality care at affordable costs. It also highlighted the fact that collaborative projects over the last 10 years produced validated savings to Intermountain of over $586 million, through a wide variety of process improvement projects and protocols.
“We feel this recognition is a result of many years of hard work and reflects the collective effort of a great number of people,” says Richard Beach, Assistant Vice President of Supply Chain Materials Management at Intermountain. “While the building, tools and processes we employ are very important to our success, we believe it is really each of our employee’s willingness to contribute, work together, and provide extraordinary service that makes this kind of achievement possible.”
“Consistent with Gartner's Top 25 research methodologies, the Healthcare Supply Chain Top 25 ranking is derived from two main analyses: quantitative measures and opinion. Quantitative measures provide a view into how companies have performed in the past, and establish proxy connections between financial health, performance and supply chain excellence. The opinion component offers an eye to value chain leadership and demonstrated supply chain performance — crucial characteristics of Gartner's Top 25 ranking. These two components are combined into a total composite score.1” Read more at Gartner’s website.
Intermountain Healthcare ranked No. 1 Slot in the Eighth Annual Healthcare Supply Chain Top 25 Ranking.