Consorta Selects Neoforma as Preferred Provider of Data and Order Management Solutions for Member Hospitals
19 Janeiro 2005 - 10:00AM
PR Newswire (US)
Consorta Selects Neoforma as Preferred Provider of Data and Order
Management Solutions for Member Hospitals Neoforma and Consorta
Expand Existing Relationship to Jointly Offer Supply Chain
Solutions to Improve Efficiencies and Reduce Costs for Consorta
Member Hospitals SCHAUMBURG, Ill. and SAN JOSE, Calif., Jan. 19
/PRNewswire-FirstCall/ -- Consorta, Inc., a leading group
purchasing and resource management company, and Neoforma, Inc.
(NASDAQ:NEOF), a leading provider of supply chain management
solutions for the healthcare industry, have entered into a
three-year agreement naming Neoforma as the preferred provider of
supply chain data management and order management services to the
Consorta membership base. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030226/NEOFORMALOGO )
Neoforma Data Management Solution(TM) (Neoforma DMS) and Neoforma
Order Management Solution(TM) (Neoforma OMS) are the only data and
order management solutions that are currently endorsed by Consorta.
As part of the agreement, which broadens the existing strategic
relationship between Consorta and Neoforma, teams from both
organizations will collaborate with Consorta members to advance the
benefits of Neoforma DMS and Neoforma OMS. "Through its support of
our Global Catalog Initiative, Neoforma has proven to be a
first-rate, trusted resource for Consorta and our members," says
John Strong, president and chief executive officer of Consorta.
"Neoforma understands how to support our ongoing supply chain
automation efforts, including helping Consorta and our members to
identify opportunities to reduce costs and improve decision making.
We are pleased to offer their value-add services to our members."
"By making both Neoforma DMS and Neoforma OMS available to Consorta
hospitals, we are strengthening our efforts to drive cost
reductions and increase efficiencies in the supply chain," says
Darrel Weatherford, chief operating officer of Consorta. "We look
forward to providing increasing value to our members in
collaboration with Neoforma by providing electronic access to
suppliers, online reporting and rich analytics for clean,
normalized and well-categorized spend data." Consorta, one of the
nation's largest group purchasing organizations, returned $94.6
million in cash distributions in 2004 to its members, which include
leading health systems such as Ascension Health, Catholic Health
East, Catholic Health Initiatives, Sisters of St. Francis Health
Services and Trinity Health. These cash distributions represent the
highest return to members in Consorta's seven years. In 2004,
Neoforma entered into two data management agreements with Consorta
to cleanse, classify, enrich and maintain the Consorta Contract
Catalog as part of Consorta's multi-year Global Catalog Initiative.
With this data foundation in place, the contract vendor and product
information used to support Neoforma DMS and Neoforma OMS will be
updated and accurate, accelerating the value of electronic
transactions to Consorta members. Using Neoforma DMS, Consorta
members will be able to improve their contract purchasing by using
well-cleansed, categorized and normalized data to more accurately
analyze their supply chain spend across their organization.
Additionally, they will be better able to track and trend their
spend information by vendor, manufacturer and other product
attributes through a series of usage-based reports. "Neoforma's
growth strategy centers on establishing strong channel partnerships
with leading healthcare organizations like Consorta to deliver our
solutions to hospitals to help them take costs out of their supply
chains," says Bob Zollars, chairman and chief executive officer of
Neoforma. "Over the past year, we've developed a strong working
relationship with Consorta based on our successful collaboration on
its Global Catalog Initiative, with the intent of delivering
additional, complementary solutions to Consorta members. We are
excited by this sponsored opportunity to expand our relationship."
Neoforma DMS is a powerful data cleansing and maintenance solution
that enables hospital customers to improve the accuracy of their
item master and vendor master data files, as well as increase
utilization through procurement matching services. Additionally,
Neoforma DMS offers rich analytics against spend data and
purchasing history so that hospitals have actionable information to
make better decisions on supply spend. Neoforma DMS enables users
to better maintain data integrity and accuracy on an ongoing basis.
Neoforma OMS combines Web-based reporting, discrepancy management
tools and connectivity to suppliers to help drive significant
savings for hospitals through increased electronic transactions,
online order status availability and rapid discrepancy resolution.
Neoforma customer John Hatzenbuhler, director of supply chain
management at Milwaukee's Ministry Health Care, a Consorta
shareholder system, has enjoyed faster and easier access to
purchasing information using Neoforma OMS. "By electronically
connecting Ministry to our suppliers, Neoforma OMS has given us the
ability to view our order status and discrepancies quickly,
allowing us to focus only on resolving problem areas, saving
precious time and resources." About Consorta Consorta, based in
suburban Chicago, is a leading healthcare resource management and
group purchasing organization, whose shareholders are faith-based
or non-profit health systems. As a cooperative, Consorta's
shareholders and participants share fully in the organization's
bottom-line performance, as well as receiving significant discounts
through scale purchasing economies. Consorta's Shareholders are
among the leading integrators of non-profit health care in America,
sponsoring significant care providers in many parts of the country.
Consorta's 13 Shareholder health care systems represent 60% of all
Catholic hospitals in the United States, own many extended and
alternate care sites and have extensive affiliate relationships
with other non-profit hospitals and alternate care facilities. For
more information visit http://www.consorta.com/. About Neoforma
Neoforma is a leading supply chain management solutions provider
for the healthcare industry. Through a unique combination of
technology, information and services, Neoforma provides innovative
solutions to over 1,500 hospitals and suppliers, supporting more
than $10 billion in annualized transaction volume. By bringing
together contract information and order data, Neoforma's integrated
solution set delivers a comprehensive view of an organization's
supply chain, driving significant cost savings and better
decision-making for both hospitals and suppliers. For more
information, point your browser to http://www.neoforma.com/ . This
news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements include but are not limited to the
value realized by our Consorta OMS and DMS customers, the broadened
strategic partnership between Neoforma and Consorta, and Neoforma's
expanded customer base. There are a number of risks that could
cause actual results to differ materially from those anticipated by
these forward-looking statements. These risks include the risks
that Consorta will not pursue broader relations with Neoforma, that
the value received by Consorta members will not meet expectations
and the risk generally related to the willingness of customers to
accept Neoforma's business model of providing supply chain
management solutions for the healthcare industry and the ability of
Neoforma to manage its anticipated growth and related technological
challenges. These risks and other risks are described in Neoforma's
periodic reports filed with the SEC, including its Form 10-Q for
the quarter ended September 30, 2004. These statements are current
as of the date of this release and Neoforma assumes no obligation
to update the forward-looking information contained in this news
release. http://www.newscom.com/cgi-bin/prnh/20030226/NEOFORMALOGO
http://photoarchive.ap.org/ DATASOURCE: Consorta, Inc. CONTACT:
media, Rebecca Oles, +1-408-468-4363, or , or investors, Amanda
Mogin, +1-408-468-4251, or , both of Neoforma; or Sheila Reed of
Consorta, +1-847-592-7800, or Web site: http://www.neoforma.com/
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