Case Study: Mercy Health achieves $2.4 million in lab supply chain savings with hc1

Mercy Health saves $2.4 million in lab supply chain costs with hc1

Mercy Health, a major health system operating 40+ hospitals, sought to achieve significant cost savings in its lab supply chain amidst organizational changes, including a new GPO partnership and leadership transitions. They engaged their existing vendor, hc1, leveraging their expertise and the hc1 Source IQ™ market intelligence platform to identify strategic sourcing opportunities and address expiring contracts.

The hc1 team conducted a thorough diagnostic of Mercy's spend, provided market intelligence for negotiations, and redesigned a strategic sourcing roadmap. This included renegotiating key vendor contracts and optimizing areas like blood bank automation. As a result, hc1 helped Mercy Health save $2.4 million in lab supply chain and strategic sourcing costs within one year, exceeding initial goals.

Mercy Health