Geisinger working with Excelerate to lower cost of care

DANVILLE, Pa. – Geisinger has joined forces with Excelerate to deliver significant and sustainable savings through a physician-engagement sourcing model for physician preference items, pharmacy and clinically sensitive commodities.

Excelerate works to decrease costs and ensure the most effective use of products. The program sources and contracts for surgical supplies with a heavy emphasis on clinical utilization guidelines for devices and surgical implants, including hip and knee replacement implants, spinal surgery devices and pacemakers. More than 100 active members of Excelerate’s program save 15% to 20% on average.

“Working with Excelerate will allow us to deliver high-quality care to our patients at a lower cost by  taking advantage of their quality-first model for patient-centered decisions regarding the devices and supplies used by our physicians,” said Michael Suk, M.D., J.D., Chief Physician Officer, Geisinger System Services and chair of the Department of Orthopaedic Surgery. “Our physicians and staff are key drivers of this program, and their support will allow us to make better health easier for our patients through clinical-supply integration.”

Excelerate will help Geisinger aggregate supply chain spending and reduce the costs to the system and patients by reducing variation of products and creating physician and clinician alignment in products used across the system for procedures.

“We are honored to have Geisinger as a member and are excited to help advance their efforts on sustainable clinical alignment with their physicians while further improving operational efficiency,” said Sean Lyden, MD, chief medical officer for Excelerate.  “We believe the Excelerate model will enhance Geisinger’s ability to realize value by lowering costs while delivering the high-quality care that leads to improved patient outcomes.”

Excelerate’s optimal blend of services includes: a high-performance portfolio, a physician-engagement model and clinical variation management guidelines. These elements will be recalibrated as Geisinger progresses through the process.

About Geisinger
Geisinger is among the nation’s leading providers of value-based care, serving 1.2 million people in urban and rural communities across Pennsylvania. Founded in 1915 by philanthropist Abigail Geisinger, the non-profit system generates $10 billion in annual revenues across 134 care sites - including 10 hospital campuses, and Geisinger Health Plan, with 600,000 members in commercial and government plans. The Geisinger College of Health Sciences educates more than 5,000 medical professionals annually and conducts more than 1,400 clinical research studies. With 26,000 employees, including 1,600 employed physicians, Geisinger is among Pennsylvania’s largest employers with an estimated economic impact of $14 billion to the state’s economy. On March 31, 2024, Geisinger became the first member of Risant Health, a new nonprofit charitable organization created to expand and accelerate value-based care across the country.  Learn more at geisinger.org or connect with us on Facebook, Instagram, LinkedIn and X.