Healthcare Providers Save $20 Million with Amerinet’s Spend Analytic Tool

ST. LOUIS--In the past six months, Amerinet has completed 30 Savings Roadmaps resulting in more than $20 million in bottom-line savings for its members. Amerinet’s Savings Roadmap – the next generation of spend analytic tools – is designed to increase supply chain efficiencies and identify contract savings opportunities.

“By utilizing this dynamic tool, supply chain leaders have critical data at their fingertips to make informed decisions,” said Mary Beth Lang, Amerinet senior vice president, spend analytics and business intelligence.

In addition to the realized savings that averaged 7 – 12 percent per facility, Amerinet supply chain consultants also identified an additional $51 million in new contract opportunities for participating member facilities.

“The Roadmap saved us $1.2 million last year,” said Vincent Vicidomini, director of materials management at St. Barnabas Hospital, Bronx, NY. “It provided us with a fast easy way to make effective cost-saving decisions.”

The enhanced version of Amerinet’s Savings Roadmap provides easy-to-use navigation and drill down capabilities to find detailed contract information with the click of a button. This program features interactive tracking graphics that displays data in several different views and levels, including an executive summary, line item detail and totals by contract. As decisions are made, the tool reflects the outcomes allowing users to instantly track the total savings achieved.

The Savings Roadmap also analyzes and compares members’ current spend with Amerinet’s portfolio of product and service contracts to identify exact contract matches. This reporting tool enhances the decision-making process by creating reports that evaluate the providers’ overall medical and surgical spend.

The process makes it possible for decision makers to conduct an analysis of their total spend and identify immediate savings opportunities by displaying key information for executive review and effective decision support. Additionally, the Savings Roadmap also highlights a facility’s standardization status, specific tier level, contract requirements, total spend per contract and information regarding current form status and supplier spend reporting.

About Amerinet Inc.

Through Total Spend Management Solutions, Amerinet strategically partners with healthcare providers to improve operating margins by creating efficiencies, reducing costs and identifying new revenue streams.

Based in St. Louis, with offices in Salt Lake City, Utah, Providence, R.I., and Warrendale, Pa., Amerinet serves more than 26,000 acute and non-acute healthcare providers nationwide. Visit www.amerinet-gpo.com.