Mount Sinai Health System has once again appointed Medline to be its exclusive distributor of medical supplies and solutions in a multi-year, $725 million partnership with a primary supplier.
The two organizations will work together to determine strategies that will improve supply chain operations, control expenses and improve patient outcomes. Medline will also provide critical medical supplies and solutions to Mount Sinai’s eight hospital campuses, medical school and outpatient practices.
Additionally, it will integrate health system warehouse locations into the distribution routes of its regional MedTrans fleet to enable more frequent deliveries of essential medical supplies. “We are excited to resume our partnership with our key vendors, to continue to provide their system with reliable and superior service, and to co-create customized solutions to help healthcare run better,” said Ron Barrett, vice-president. president of enterprise sales at Medline, in a statement.
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Resources provided by Medline will enable Mount Sinai to better manage key metrics, such as item usage, contract compliance, pricing accuracy, and spend by product categories through Medline’s advanced analytics platforms .
It will also expand Mount Sinai’s storage capacity with third-party logistics (3PL) solutions through a new 1.3 million square foot facility in Montgomery, New York. The facility is part of the company’s $1.5 billion healthcare resilience initiative.
The company plans to place several team members, including full-time analysts and a logistics specialist, in the healthcare system to help hospital executives meet the specific needs of caregivers and find new ways to optimize care.
Medline and Mount Sinai have a relationship with Medline that dates back over 20 years. Headquartered in Illinois, Medline has more than 30,000 employees worldwide and does business in more than 125 countries and territories. The company recently partnered with Covenant Health, a healthcare system comprised of three Massachusetts hospitals, to streamline its operations. The cost of this partnership was $75 million.
It is also now the exclusive distributor of medical supplies and solutions for the University of Kansas Health System. The two will work together to improve supply chain logistics and procurement operations, patient outcomes and clinical efficiency across the health system’s five acute care hospital facilities.
“Supply chain distribution is very complex, especially for a university healthcare system. It is crucial for us to partner with a distributor who can align with our strategic vision, providing us with end-to-end solutions. end,” said Janie Ott, Vice President. of Supply Chain at the University of Kansas Health System.