SOHO HEALTH is pleased to announce our partnership with AdvantageTrust, a division of HealthTrust which is an industry leading healthcare Group Purchasing Organization. AdvantageTrust offers SOHO HEALTH affiliated physician practices the same buying power as hospitals and large healthcare facilities. The current contracted medical and office supply vendors are the most widely recognized distributors in the country and offer an average savings of 22% on office supplies and 20% on medical supplies.
We are happy to share with you that one of our member cardiology groups has saved over $50,000 to include a 33% savings on radiopharmaceuticals!
Medical Malpractice Insurance Program
On January 1, 2017, SOHO HEALTH proudly introduced a medical malpractice insurance savings program entitled Connecticut Affiliated Physicians, Purchasing Group, LLC (CAP- PG). CAP-PG enables physicians and other clinicians to negotiate malpractice insurance as a group. By becoming a CAP-PG member, you and your practice can access the program and begin saving money on your malpractice insurance premiums and take advantage of its leading edge risk and practice management services.
We currently have enrolled 111 members! With a total aggregate savings for CAP-PG members exceeds $232,000! The average per practice savings is $20,000.
(*may vary based on number of physicians, specialty and claims experience).
“The practice is receiving an annual savings of $26,000 this year (representing a 35% savings) and enrollment was fast and easy! This, along with the savings from the SOHO HEALTH group purchasing program, has been an unexpected, but very appreciated bonus of our membership in Saint Francis Healthcare Partners. We are looking forward to more innovative cost savings measures.” – David Howlett, MD – East Granby Family Medicine
“On malpractice: we realized a savings of $50k which is a 35% reduction in our annual premium. Wow! Great Job!” – Mark Salsbury – Practice Administrator- Cottage Grove Cardiology