DULUTH, Ga. /eNewsChannels/ — Third Law Sourcing has chosen WellStar Health System as its 2012 charitable engagement. The firm will help the healthcare system reduce annual costs through strategic vendor negotiations. Each year, Third Law Sourcing provides pro bono services to a non-profit organization located in the Southeast with over $500 million in revenue. The philanthropic program was established with the awareness that each dollar of savings directly supports the non-profit’s mission.
“In choosing a pro bono client, we think it’s important to partner with an organization that is a good strategic fit in terms of their ability to engage with us to drive immediate savings to their bottom line,” said Scott Drobes, managing partner, Third Law Sourcing. “We selected WellStar because of its commitment to serving our community, as well as for its focus on strategic sourcing as a tool for maintaining a financially sound organization.”
Headquartered in Marietta, Georgia, WellStar Health System includes five acute care hospitals, five urgent care centers, 14 imaging centers and more than 100 medical group offices. WellStar Health System was named 2011 Supply Chain Department of the Year by Healthcare Purchasing News. WellStar serves a population of more than one million residents of metropolitan Atlanta.
“With reimbursements continuing to go down, provider organizations must pay attention to every spending category throughout the organization,” said Anthony Trupiano, vice president, supply chain, WellStar Health System. “When I joined WellStar in 2008, our initial focus was on clinical supply procurement. Now our focus has shifted to include non-supply items, and we look forward to working with Third Law Sourcing to identify every savings opportunity available.”
About Third Law Sourcing:
Third Law Sourcing LLC, based in Duluth, Ga., provides strategic sourcing and procurement consulting to services companies with $500 million to several billion dollars in annual revenue. By adhering to the rules of principled negotiation, Third Law Sourcing helps clients achieve bottom-line cost savings without disrupting operations or vendor relationships. Unlike traditional hourly fee consulting firms, Third Law Sourcing’s strategic sourcing and procurement consulting services are net cash flow positive because they are paid for through savings gained. In addition to cost-reduction initiatives, Third Law Sourcing provides sourcing services to organizations undertaking financial restructuring and merger/acquisition transactions. Third Law Sourcing, founded in 2005, is ranked on the 2011 Inc. 500 as one of America’s fastest-growing companies. For more information, visit www.3rdlaw.com .
About WellStar Health System:
The vision of WellStar Health System is to deliver world-class healthcare. WellStar, a not-for-profit health system, includes Cobb, Douglas, Kennestone, Paulding and Windy Hill hospitals; WellStar Medical Group; Urgent Care Centers; Health Place; Homecare; Hospice; Atherton Place; Paulding Nursing Center; and WellStar Foundation. For more information, call 770-956 STAR or visit www.wellstar.org .
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