Geisinger working with Excelerate to lower cost of care
Clinically integrated supply program will decrease costs while continuing high-quality 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.
Geisinger is committed to making better health easier for the more than 1 million people it serves. Founded more than 100 years ago by Abigail Geisinger, the system now includes 10 hospital campuses, a health plan with more than half a million members, a research institute and the Geisinger College of Health Sciences, which includes schools of medicine, nursing and graduate education. With more than 25,000 employees and 1,700+ employed physicians, Geisinger boosts its hometown economies in Pennsylvania by billions of dollars annually. Learn more at geisinger.org or connect with us on Facebook, Instagram, LinkedIn and Twitter.