As some beleaguered provider groups struggle to maintain financial stability and meet market challenges for solvency, Everything4MDs (www.E4MDs.com), the leading privately held Web site resource for online ordering of medical and office supplies, is promoting financial viability for its 45,000+ customer-base. E4MDs’ providers are currently saving up to 70% on medical and office supplies, outsourcing administrative services of ordering and administering inventory, and cutting overhead.
“Our customers are reaping significant savings that impact their financial security and survival in the industry,” says Robert W. Hess, Ph.D., Director of Operations of E4MDs. “With no up-front expenditures for technology or additional staffing, E4MDs is a cost-effective remedy for provider financial woes.”
E-procurement transactions are faster and cheaper than the cumbersome, paper-based ordering processes traditionally utilized by provider organizations. There is industry-wide consensus that this traditional healthcare supply chain model is becoming extinct.
“The escalating costs of medical and office supplies, coupled with the inefficiencies of ordering via the telephone or a paper-based FAX system, compromise the competitiveness of any medical group,” says Phil Buchanan, practice administrator at Bakersfield Family Medical Center in Bakersfield, Calif. “In an effort to meet this challenge, we thoroughly researched both Web-based and traditional group purchasing opportunities. E4MDs emerged as our centralized Internet resource.”
“The growth of E4MDs documents that healthcare supply chain management through collaborative commerce is the preferred business model for provider organizations challenged by posting reserves and meeting financial requirements imposed by government and regulators,” says Dr. Hess. E4MDs reports a 224% growth in the latter half of Y2K in comparison to the first 6 months of the year and 60% growth in its overall customer-base.
E4MDs facilitates open communication between provider organizations, suppliers, and customers, improving the efficiencies in the supply chain in an unprecedented manner. The advent of its online healthcare supply chain through a B2B commerce model has compressed processing time from days or weeks to a matter of seconds or minutes.
“Not only has E4MDs saved our Bakersfield Family Medical Center $1,000,000 annually, it also provides management tools and inventory controls not available through any other source,” concludes Buchanan. “We project even greater savings as more of our physicians take advantage of E4MDs’ offerings.”
By connecting its customers with a wide range of suppliers, E4MDs reduces the decision cycle while maximizing the customer experience and streamlining the entire supply chain.
“Simply stated, E4MDs offers the best prices in the industry,” maintains Dr. Hess. “Our customers trust us to comparison shop on their behalf and deliver the best products at the lowest possible cost. We have gained that trust through active communications with suppliers and customers and have executed on our promises to follow-through. Customer satisfaction is high.”
About E4MDs
Based in Marina del Rey, CA, Everything4MDs (E4MDs) is a privately held B2B e-Commerce company for physician practices, radiology centers, managed care organizations and other healthcare provider delivery systems. Through its Web site, www.everything4MDs.com, more than 40,000 providers currently have access to a wide range of products and services at deeply discounted rates. E4MDs maintains vendor relationships with the nation’s leading pharmaceutical and medical device manufacturers and other suppliers of products and services for physician offices.
