September 27, 2011 • 10:14am in eBridge, Medical Industry
North Carolina Hospital Association Selects eBridge as Strategic Partner
eBridge has been selected as the exclusive provider of reverse auction services by the North Carolina Hospital Association Strategic Partner Program. The NCHA sees eBridge as a great solution for member purchases that are not covered by their current Group Purchasing Organization. NCHA members needed a way to run bids on non-medical equipment like copiers, furniture, and generators and eBridge gives them a solution. Additionally, eBridge is great for capital improvement bids and local service contracts for the healthcare industry. eBridge was selected after NCHA representatives contacted ten references and presented the solution to their board.
June 10, 2011 • 9:49am in Furniture, Fixtures and Equipment, Medical Industry
Last week a west coast hospital system purchased 220 LCD televisions. The specifications required the televisions to be hospital grade, ensuring they were appropriate to outfit hospital rooms and medical facilities. Specifications also included a request for installation cost. The online bid environment listed two line items for suppliers to bid on selected elements.
During the live reverse auction event, the five suppliers placed 61 total bids. In a paper bid process, the hospital would have only received five total bids, giving suppliers only one opportunity to submit pricing and compete for business. First place changed hands 15 times. At the conclusion of the reverse auction event, first and second place were separated by a mere 0.12% indicating true market value was achieved. Final pricing yielded a 6% savings versus budget.
May 12, 2011 • 3:12pm in eBridge, Furniture, Fixtures and Equipment, Higher Education, Medical Industry
Today eBridge ran an event for a university hospital to purchase LCD TV’s. The televisions will outfit patient rooms in the new medical facility at the university. Prior to the bidding event, the buyer received a sample of the televisions each vendor was bidding on to make sure the electrical adaptors fit the wiring of the rooms.
The buyer approved 11 suppliers to participate in the event. During the bidding event the suppliers placed 196 bids total. First place changed hands 55 times, with first and second place being separated by a mere 0.15%, indicating true market value was found. At the conclusion of the one-hour fifteen-minute bid, the final low bid was 30% lower than the university’s estimated budget.
March 24, 2011 • 4:59pm in eBridge, Hospital, Medical Industry
A large hospital system engaged eBridge to help establish a three year contract for laundry and linen services. eBridge worked with their procurement team to first identify purchases over the next year that would be appropriate for the reverse auction process. Next, eBridge’s team helped the group develop a set of specifications for the bid.
“It had been several years since the hospital had opened this item up for competitive bidding so they didn’t have a set of specifications that appropriately appealed to a wide group of suppliers,” said Rebecca Flaherty, Senior Procurement Manager at eBridge. “My team collected the requirements as directed by the hospitals’ team and then helped write specifications that were both thorough and clearly defined, positioning the bid to be highly competitive and fair.”
A total of eight suppliers were approved by the hospital’s team and included in the bid opportunity. eBridge’s strategic sourcing efforts brought 6 new suppliers to the table for this event.
The suppliers placed 140 bids with first place changing hands 11 times. At the conclusion of the bid, the hospital had saved 28% versus budget, with the three lowest bidders within a close margin.
March 24, 2011 • 3:47pm in eBridge, Event Summaries, Medical Industry, State Government
The Department of Health and Environmental Concerns for a state government utilized eBridge procurement services and reverse auction platform to purchase newborn screening forms. This highly specialized paper is used in the initial testing done on new born children.
The bid included two suppliers who placed multiple lowering bids throughout the 30-minute event. Manufacturers and distributors of this highly specialized material must be FDA approved and meet tough regulations.
During the reverse auction event, first place changed hands four times and suppliers’ final bids were less than 2% apart, indicating true market value was achieved. The final savings was 66% versus budget and the incumbent’s price was $100,000 lower than the existing contract.
This state and eBridge have an exclusive contract and have run millions of dollars through the reverse auction saving an average of 22% overall.
September 23, 2010 • 12:11pm in eBridge, Event Summaries, Industrial Equipment, Information Technology, Medical Industry
A large hospital system enlisted the expertise of eBridge Business Solutions to purchase new, state of the art radiology equipment for one of their hospitals, utilizing the reverse auction process. The purchase included four line items along with installation costs.
eBridge sourced five suppliers to participate in the event.
During the course of the bid, the five suppliers placed a total of 52 bids. The final low bids were 30% below the hospitals’ budget amount for this purchase and are poised to run several auctions for additional equipment before the end of the year.
eBridge purchasing professionals provided guidance to the hospitals’ purchasing staff throughout the process. With the expertise and strong partnership with the innovative team of purchasers at the hospital, the event was a success and delivered bottom line savings to the hospital organization.