Supply Chain

In an industry like healthcare where all functions are looking to cut costs, materials management is no exception.

Dallas-based Baylor Scott & White Health has renewed and expanded its contract with Alpharetta, Ga.-based MedAssetts to help unify organizational processes, achieve greater operational efficiency and improve performance.

St. Paul, Minn.-based St. Jude Medical has signed a definitive agreement to acquire NeuroTherm, a chronic pain solutions device company, according to a news release.

Charleston, S.C.-based SIB Development & Consulting — a company that specializes in helping organizations achieve fixed monthly cost reductions — has identified several areas where hospitals can save money.

The following supply chain vendor contracts were announced over the past month.

Irving, Texas-based Novation has announced enhancements to its NOVAFOOD program as well as a new Food Standardization program, both with the goal of reducing costs and increasing satisfaction, according to a news release.

  Novation announced enhancements to its NOVAFOOD portfolio as well as a new food standardization program.

Brentwood, Tenn.-based HealthTrust has chosen Northbrook, Ill.-based Nanosphere to provide its members multi-target molecular diagnostic tests, according to a news release.

Palos Community Hospital in Palos Heights, Ill., has chosen Medline to serve as its exclusive prime vendor distribution partner, according to a Medline news release.

Bank of America Merrill Lynch has recently been recognized for its supply chain finance solutions.