Valley Presbyterian Hospital Selects Broadlane for Strategic Sourcing and Procurement Services

Business Wire, August 4, 2005

DALLAS -- Broadlane, the group procurement services company for healthcare, today announced that Valley Presbyterian Hospital, the largest acute care hospital in Southern California's central San Fernando Valley, has signed an exclusive five-year agreement with Broadlane for strategic sourcing and procurement services.

Valley Presbyterian Hospital, a 380-bed facility, spends approximately $20 million annually for supplies.

"Broadlane provides the superior customer service and technology that we feel is necessary in order to realize deeper supply chain savings," said Tracey Talley, chief financial officer at Valley Presbyterian Hospital. "Broadlane is the only company that we know of in the healthcare market that can offer our organization a complete suite of services that address the entire supply chain, in addition to lowering the cost of contracted supplies."

In addition to being able to access best pricing and technology, the agreement with Broadlane offers Valley Presbyterian Hospital a level of contract implementation assistance that is virtually unheard of in the industry. This includes:

--Detailed implementation plan

--Product evaluation and standardization consultation

--Help with product conversions where required

--Utilization analysis

--Hands-on assistance as needed from dedicated customer service personnel

"Valley Presbyterian Hospital will be able to take full advantage of the savings that were recently validated by an in-depth cost analysis," said Jim Webb, Broadlane's senior vice president of sales. "Broadlane will not only offer contracts with low prices, but we will play a strategic role in solving Valley Presbyterian's supply chain issues by addressing the full supply chain spectrum, with superior customer service."

About Valley Presbyterian Hospital

Valley Presbyterian Hospital in Van Nuys is a 380-bed, full-service, not-for-profit, acute care hospital. It has been serving the residents of the San Fernando Valley and beyond since its establishment in 1958. Last year, the hospital opened a new seismically compliant, six-story, 127,500-square-foot patient care tower.

About Broadlane

Broadlane is the group procurement services company for healthcare. Through a comprehensive set of proven procurement processes, Broadlane helps healthcare providers go further to reduce costs and improve financial performance. The company's signature service is group purchasing; its numerous other services include strategic procurement planning, departmental cost management, and labor sourcing and utilization. Broadlane's innovative technology yields data-driven solutions, which are implemented by an expert staff with deep clinical and operational experience.

Broadlane serves thousands of acute care hospitals, sub-acute care facilities and physician practices across the country. The company is headquartered in San Francisco with offices in California, New York, Ohio and Texas. For more information, visit www.broadlane.com.