AdvantageTrust
Enroll in Savings Today!“We have saved over $50,000 to include a 33% savings on radiopharmaceuticals!” -Stacy Simons – Cottage Grove Cardiology
In 2016, SOHO HEALTH partnered with a group purchasing organization (GPO) AdvantageTrust®, a division of HealthTrust who is a GPO industry leader. They leverage the combined purchasing volume of its participating members and negotiate discounts based on that higher volume. HealthTrust has $28.5 billion in committed purchase volume guaranteeing its members’ industry best pricing.
AdvantageTrust® offers affiliated physician practices the same buying power as hospitals and large healthcare facilities. Pricing is based on a one price for all philosophy providing great leverage.
Since its inception, our partnership with the AdvantageTrust® has saved our practices $672,227!
In addition, this program offers SOHO HEALTH members the following benefits:
- Savings consistently better than competing group purchasing organizations by 7% to 12%
- Average savings of 22% on office supplies and 15% on medical supplies
- No membership fees
- Suppliers that are industry leaders
- Easy enrollment process
- The GPO manages the details of the supplier contracts
- Access to ALL HealthTrust suppliers beyond the scope of medical and office equipment and supplies
SOHO HEALTH is pleased to bring you this outstanding opportunity to reduce your medical and office expenditures. We are also committed to assisting you in any way we can throughout the enrollment process and to serve as a resource during your relationship with AdvantageTrust®.
For information on this program or to enroll, please contact Kathy Strauch at kathleen.Strauch@sfhcp.org or 860.714.1245.
Frequently Asked Questions
Once your membership has been processed, you will receive an email and link to our purchasing point portal. The portal presents those companies that we have agreements with and information on how to access the discounts. Generally, our contracts will cover about 80% of your supply purchases. Our contracted suppliers may not always be a match to the company you are currently using, but as a result of a rigorous bid, analysis and negotiation process, we have determined the best value and supplier for the category under contract.
The key to success for GPOs and their members in obtaining savings is the leverage of their combined purchasing volume. This is done through a bid/proposal process and includes numerous components, including questionnaires, price sheets, product evaluations (as needed) and additional negotiations before a contract is awarded. Therefore, not all suppliers are awarded contracts. If your current supplier is not listed, it sometimes means it did not receive a contract award for reasons such as proposed pricing or ability to distribute nationwide.
Most members have negotiated local contracts in the past, but when they’ve done this, they only have their volume to offer the supplier. AdvantageTrust® is a group of purchasing professionals with the market intelligence and national experience to negotiate the best pricing available.
All GPOs are not created equal. Our committed purchasing model drives a superior value over voluntary GPOs. The foundation of our success is member alignment around two key principles: 1. Product evaluation and contract awards and 2. Contract adoption (compliance).
Without some detailed analyses, the EXACT amount of savings is difficult to identify. Over the years, we have completed numerous analyses comparing members old pricing to pricing under AdvantageTrust® contracts and on average, aggregate savings on these analyses was 22%.
No, enrollment and participation are at no cost to you.
This program is available to all member practices of SFHCP.
The program that HealthTrust has established includes exclusive and committed participation from its members. This means suppliers can expect to gain market share when they are able to provide HealthTrust with the most competitive pricing. This approach provides increased volume to suppliers that are willing to provide the greatest savings. It is a model that is recognized as the most competitive among suppliers and healthcare facilities alike.
Savings by Specialty
