Case Study: Memorial Healthcare System achieves over $1M in lab supply chain savings with hc1

Memorial Healthcare System saves over $1M with Hc1

Memorial Healthcare System, a major healthcare system with six hospitals, faced significant supply chain disruptions and financial pressures, particularly within its laboratory services. These challenges, exacerbated by the COVID-19 pandemic, included limited product availability and rising costs. To address this, Memorial partnered with the vendor hc1, utilizing its strategic sourcing and supply chain services, including hc1 Source IQ™, to drive lab improvement and overall value.

hc1 implemented a thorough diagnostic process, assessing Memorial's spend and creating a strategic sourcing roadmap. They focused on securing pricing improvements in key lab categories, consolidating vendors, and mitigating supply chain disruptions for hard-to-find products. As a result of this partnership with hc1, Memorial achieved over $1 million in savings within one year, including an 11% savings in chemistry, a 21% savings in tissue diagnostics, and a 38% savings in hematology.

Memorial Healthcare System