Asheville, North Carolina, February 9, 2015 – Capstone Health Alliance proudly announced its new aggregation partnership with Colonial Health Alliance. Located in Hagerstown, Maryland, Colonial Health Alliance is a regional group purchasing organization made up of six acute care hospitals and over 150 non-acute affiliates. Colonial Health Alliance works with its owner-members to provide cost savings and collaboration opportunities.
Of the partnership, Mike Ewing, Executive Director of Colonial Health Alliance says “We are excited to join Capstone and provide our members with improved channels of value. Regional aggregation is not the same today as it was 10 years ago. The life cycle of our traditional business model has matured to the extent to which it makes sense to partner with an organization of greater scale for core supply chain contracting while shifting our resources to focus on unique and non-traditional cost savings initiatives. Capstone is a well-run organization and we look forward to continued savings for our Colonial Health Alliance membership.”
Tim Bugg, President & CEO of Capstone Health Alliance, says “We have exchanged ideas and followed the progress of Colonial Health Alliance for many years as they have continued to provide value to an engaged membership. Capstone welcomes the chance to work closer with the Colonial systems in bringing additional savings opportunities and engaging members in shared initiatives to improve cost, quality, and outcomes.”
About Capstone Health Alliance
Capstone Health Alliance is a regional purchasing organization of healthcare members that includes more than 125 hospitals in states across the Eastern region spanning to the mid-west. Capstone’s contracting strategy allows hospitals of various sizes and locations to substantially improve their cost savings opportunities through the power of aggregation & collaboration. Capstone delivers quantifiable savings and actionable data that enables better supply chain decisions for our member healthcare facilities. In addition to cost savings initiatives, Capstone members collaborate to share best practices and pursue resource utilization initiatives, all with the intent of improving cost, quality and outcomes in patient care.
Capstone works closely with Premier, its primary GPO partner, to support members in cost savings and quality initiatives. While there are no geographic or size limitations for membership, Capstone welcomes members who are supportive of the mission and vision of the alliance, understanding that collaboration goes hand in hand with aggregation for the continued success of the group.
About Colonial Health Alliance
Since 2006, Colonial Health Alliance has been providing value and innovative solutions to this expanding and engaged member organization. We are dedicated to improving the clinical and financial effectiveness of our members and to being at the forefront of new healthcare business and clinical delivery solutions.
To date, members of the Colonial Health Alliance have realized $30 million in value as a result of their participation in the Alliance and this is just the beginning.