MARLTON, N.J. & ST. LOUIS--(BUSINESS WIRE)--Virtua, one of New Jersey’s largest, non-profit health systems, has signed an agreement with Resource Optimization & Innovation (ROi), a provider-owned supply chain organization, for access to ROi’s comprehensive cost management and supply chain services including strategic contracting and sourcing, utilization management, service line management, clinical and operational consulting, clinical and supply chain analytics, private label products and custom surgical packs. Through the five-year agreement that began July 1, 2017, ROi will serve as the preferred group purchasing organization (GPO) for Virtua.
“This exclusive partnership represents a strategic commitment to align Virtua’s supply chain with a like-minded, provider-based supply chain organization to build on our success of delivering innovative and high performing supply chain services to support patient care,” said Jim Rivard, senior vice president of support services, Virtua. “We set a goal to move away from the traditional GPO model in our industry and transform Virtua’s supply chain into a strategic asset. We needed a partner, an experienced supply chain operator, that could provide breakthrough results, including guaranteed cost savings, in the shortest amount of time, and we have found that partner in ROi.”
“We are honored to be chosen by Virtua as their trusted GPO and comprehensive supply chain partner,” said Greg Firestone, vice president of strategic customer relations, ROi. “Traditional means will not drive the sustainable results needed to support health care systems in today’s challenging environment. Through common goals, together, Virtua and ROi will collaboratively execute on a clinically aligned plan that elevates supply chain performance and drives even greater clinical, financial and operational results for Virtua.”
As one of New Jersey’s largest, non-profit health systems, Virtua provides comprehensive health care services to achieve its mission to help people be well, get well and stay well. Virtua provides services through Virtua Medical Group with more than 450 clinicians and through Virtua Physician Partners with more than 1,500 providers at its urgent care centers, hospitals, ambulatory surgery centers, health and wellness centers, fitness centers, home health services, long-term care and rehabilitation centers, and paramedic program, and provides health services to 1,500 businesses. A leader in maternal and child health services, Virtua delivers nearly 8,000 babies a year. Virtua is affiliated with Penn Medicine for cancer and neuroscience and the Children's Hospital of Philadelphia (CHOP) for pediatrics. It employs over 9,000 and has been honored as the #1 Best Place to Work in the Delaware Valley every year since 2007. It is the recipient of a 4-star rating from the Centers for Medicare and Medicaid Services (CMS) for quality of care, and its hospitals earned straight A’s in patient safety by The Leapfrog Group and Patient Safety Awards from Healthgrades. U.S. News and World Report ranked Virtua’s Mount Holly and Voorhees hospitals as High Performing Hospitals and Voorhees as a Best Regional Hospital. Virtua is also the recipient of the Consumer Choice Award from the National Research Corporation. For more information, visit: www.virtua.org.
Based in St. Louis, Missouri, ROi believes in the power of provider collaboration to transform health care. A recognized leader in supply chain management, ROi serves health care organizations across the United States that share a passion for supply chain excellence. As a provider-owned supply chain organization, ROi delivers a range of cost management and supply chain services, focusing on all aspects of supply chain from planning through fulfillment and consumption to ensure the highest quality of care is delivered in the most cost effective manner. For more information, visit: www.roiscs.com.