December 4, 2020
Good Morning NAW Subscribers,

I hope you will join us for our virtual IDN Insights meeting next week on December 9-11 where you will hear from Texas Health Resources, LifePoint Health, UPMC, Penn State Health and more! Check out the agenda and registration information in the post below.

Thank you for reading this issue of National Accounts Weekly!


John Pritchard
President of ANAE
Publisher of The Journal of Healthcare Contracting
Trinity Health Reports Growth in First Quarter of 2021 Despite Pandemic
In the first quarter of fiscal year 2021, Trinity Health reported improved operating results driven by strong cost controls, lower operating expenses, as well as improved operating revenue compared to the fourth quarter of fiscal 2020.

Operating income of $112.1 million for the first three months of fiscal 2021 increased $18.1 million compared to $94.0 million in the same period in the prior fiscal year. 
HealthTrust and Indiana Regional Medical Center Initiate Agreement for Supply Chain and Performance Improvement
HealthTrust (Nashville, TN) was selected by Indiana Regional Medical Center (IRMC) (Indiana, PA) as the hospital’s exclusive national group purchasing organization (GPO), effective February 1, 2021.

Serving Indiana County of Pennsylvania and surrounding communities, the acute care, nonprofit hospital anticipates significant savings from access to HealthTrust’s broad portfolio and performance improvement insights to help transform supply chain operations.
Moderna says new data shows Covid vaccine is more than 94% effective, plans to ask FDA for emergency clearance later Monday
Moderna said Monday it will request emergency clearance from the Food and Drug Administration for its coronavirus vaccine after new data confirms the vaccine is more than 94% effective in preventing Covid-19 and was safe.

The new analysis from Moderna evaluated 196 confirmed Covid infections among the late-stage trial’s 30,000 participants. The company said 185 cases of Covid were observed in the placebo group versus 11 cases observed in the group that received its vaccine. That resulted in an estimated vaccine efficacy of 94.1%, the company said.
Join us next week for the virtual IDN Insights Meeting with Texas Health Resources, UPMC and more!
Join us for The Journal of Healthcare Contracting and ANAE's IDN Insights on December 9-11. You will hear how these IDNs measure successful contracts, selling to investor owned health systems, a Washington update, the challenges these health systems are facing through healthcare reform and a pandemic, how best in class suppliers formulate their product, and more! 

Tickets, which typically cost over $1,000, are under $300 this year!

Confirmed Speakers:
  • Nate Mickish, Vice President of Strategic Sourcing, Texas Health Resources
  • Jay Kirkpatrick, Vice President, Supply Chain Operations, LifePoint Health
  • Roger Nolan, President & CEO, TPC
  • Tim Nedley, VP, Materials Management, UPMC
  • Manasi Kapoor, Senior Director, Optum/Advisory Board Research
  • Susan Toomey, Sr. Value Analysis Coordinator, Lehigh Valley Health Network
  • Robin Lane, Director, Value Management and Analysis, Product Recall Officer, UPMC
  • Blair Childs, Senior Vice President, Premier, Inc.
  • Richard Bagley, Senior Vice President Chief Supply Chain, Penn State Health
  • Chris Hannon, Manager, Value Analysis Program, Hackensack Meridian Health
  • Brent Petty, Executive Industry Consultant-Healthcare
  • Susan Miller, Senior Director, Enterprise Value Analysis, Thomas Jefferson University
  • Barbara Strain, Principal Consultant, Barbara Strain Consulting LLC
Ascension’s reports $41b in assets and operating revenue of $6.6b for first 3 quarters
Ascension is one of the leading non-profit and Catholic health systems in the U.S., operating more than 2,600 sites of care including 145 hospitals and more than 50 senior living facilities.

They have reported $41b in assets and operating revenue of $6.6b for first 3 quarters. Read the full report below!
How Health Systems Are Preparing for a COVID-19 Vaccine
On a webinar yesterday, Premier polled more than 750 attendees, and nearly 90 percent said that state and federal governments have either “not prepared them” or only “somewhat prepared them” for receiving and managing the vaccine. Another 43 percent cited lack of communication from the government as their biggest readiness gap, followed by lack of storage and administration guidance (33 percent).

To help health systems overcome these gaps, Premier gathered a panel of five pharmacy leaders from health systems across the nation to discuss their strategies in the COVID-19 vaccine planning process.

Below are the key takeaways and best practices from the health system panelists on their preparedness efforts, including storage and distribution, administration and documentation considerations.
The PPE crisis didn’t go away: Across the U.S., grassroots supply networks are trying to fill the void
An analysis by Get Us PPE, a nonprofit group, found that while the PPE requests it received were almost evenly split between hospitals and nonhospital settings in April, in October over 90% of requests were from facilities such as homeless shelters, natural disaster relief groups, and nurses’ offices in schools. Smaller hospitals are also struggling.

The failure of the federal government to procure adequate protective equipment for frontline workers is an ongoing tragedy. At the same time, a grassroots movement including organizations like Get Us PPE is trying to fill the void. With the pandemic projected to worsen in the coming months, the question is whether it will be enough.
John Pritchard
Publisher of National Accounts Weekly


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