Yankee Alliance Partners with Conductiv to partner on purchased services GPO program

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Yankee Alliance Partners with Conductiv to partner on purchased services GPO program

Press releases may be edited for formatting or style | January 18, 2021 Business Affairs
WALNUT CREEK, CALIF. (PRWEB) JANUARY 11, 2021 -- Yankee Alliance, a member-driven healthcare group purchasing organization, and Conductiv™, the leading third-party spend optimization solutions provider, have partnered to bring a first-of-its-kind regional Purchased Services Readiness Program to each of its members. Yankee Alliance will access Conductiv’s analytics software, contract intelligence products, and local group purchasing expertise to achieve savings at scale.

The program is designed to meet each member where they are in terms of their purchased services sourcing management lifecycle. Conductiv’s sourcing experts will evaluate individual members’ needs and develop a tailored Purchased Services Program complete with an actionable sourcing roadmap. By implementing a strong program governance structure, Yankee Alliance is positioned to collect more uniform data to address gaps and deliver savings at a greater scale.

“Our focus is on reducing expenses and building financial wellbeing across our member-base, and purchased services is a critical component to that strategy,” said Amy Campbell, Chief Administrative Officer at Yankee Alliance. “This partnership positions us to provide members with hyper-personalized savings roadmaps customized to their own sourcing journeys.”

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Yankee Alliance will utilize Conductiv Analytics and Contract Intelligence reports to target categories for savings opportunities and/or contract terms improvement across its network. Benchmark reports will reveal regional spend patterns and enable Yankee Alliance to further expand its focus on non-healthcare third-party service suppliers. By harnessing Conductiv’s AI-powered data and category expertise, Yankee Alliance advisors can guide members on ways to better optimize purchased services outcomes and evaluate categories with the greatest ROI potential.

Conductiv Contracts, a secondary GPO focused on local and regional purchased services agreements, will also curate a portfolio to increase contract coverage to diverse, local and regional suppliers to meet Yankee Alliance savings goals. This arrangement further supports Yankee Alliance members with full access to Conductiv’s sourcing expertise to negotiate locally initiated contracts.

Using this intelligence, Yankee Alliance is assembling a CFO steering committee, which will become executive sponsors of their respective organizations and provide peer-reviewed guidance to further strengthen the alliance.

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