TMC receives prestigious national procurement recognition

procurement team

Tucson Medical Center was one of only 242 hospitals and health systems nationwide that were recognized for significant supply chain savings through efficiencies in procurement.

“As a community hospital, Tucson Medical Center knows the importance of efficiency in managing health care costs, even while never compromising on the ability to deliver high quality care,” said Kim Moon, TMC’s supply chain director.

The recognition is particularly special, Moon said, because of the 3,000 members participating in Vizient Inc’s group purchasing organizations, only 500 are even eligible for the award by participating in Vizient’s Impact Standardization Program, which helps drive down costs through group buys.

Only hospitals that earn at least $250,000 in rebates on an annual basis are eligible for an award. TMC, which has received this recognition annually since 2010, reduced its costs by achieving nearly $400,000 in rebates in 2016.

The program works through capturing rebates and reducing variation through standardization – which helps with bulk purchasing prices, but as an added benefit, improves inventory management and provides greater consistency across the hospital.

“This is not an easy bar to meet, which is why we’re so proud to receive this award,” Moon said. “Through thoughtful sourcing and standardization, we’re able to drive quality patient care, while getting the best value at the same time.”

The effort dovetails with TMC’s other work around building efficiencies throughout the hospital. The hospital introduced Lean management practices in 2013 to help root out waste and streamline processes. And TMC participates in two accountable care organizations that reward value – not volume – in health care.

“As a community hospital, TMC is responsible for the health of the people who live in this community, but we must also maintain the financial viability of our organization and keep healthcare costs under control,” said Steve Bush, TMC’s chief financial officer. “Leveraging our purchasing power is just one of the strategies we are using to do that.”

vizient award

 

Business group honors TMC’s Steve Bush as top nonprofit CFO

SteveBushTMC Senior VP and Chief Financial Officer Steve Bush won first place in the nonprofit organizational category at the third annual Inside Tucson Business CFO Awards, announced at a dinner event Nov. 5 at Casino del Sol.

Since Bush’s arrival as CFO in September 2009, TMC has had a positive operating margin each year, maintaining the rise from operational deficits that began in late 2007 under then-new chief executive Judy Rich. Bush is responsible for planning and operations of the organization’s financial affairs including revenue cycle, supply chain, budgeting, financial reporting and managed care contracting.

“The most enjoyable part of my job is working on a variety of projects, which gives me the chance to interact with numerous individuals including other members of the management team, employees, board members, physicians and community representatives,” Bush said. “The most rewarding part of my job is the ability to help TMC achieve its mission by working with others to provide a financially stable organization. I have worked in several health care organizations in my career and I feel that TMC is unique in the way employees, management and our Board of Trustees work together in the best interests of our patients. We can all take pride in the value TMC provides to our community and I feel my award reflects in a small way, the pride our community has in TMC.”

Inside Tucson Business teamed up with event Platinum Sponsor BeachFleishman and Gold Sponsor Casino Del Sol to locate and honor chief financial officers from around Southern Arizona. Nominations were open to working financial executives in Pima, Cochise and Santa Cruz counties, with several award categories:

• Nonprofit organizations
• Government, quasi government agencies and education
• Companies with $15 million or more in annual revenue
• Companies with less than $15 million in revenue

“The most challenging part of my job is trying to find the balance between need and resources,” Bush noted. “The finance team and I work closely with the other members of the management team and make difficult choices on almost a daily basis as to where to spend our money. Our fiscal challenges will continue with the changing health care landscape and new competitors in the market, but I am fortunate to work with a great team and feel confident in our ability to keep TMC fiscally strong.”

Prior to joining TMC as vice president and chief financial officer, Bush held senior financial positions at several health care organizations including Aurora Healthcare in Milwaukee, OhioHealth in Columbus, and Holy Cross Hospital in Silver Spring, Maryland. He was born and raised in Montreal, Canada, and moved to the United States shortly after earning his undergraduate degree from McGill University. He has an MBA and CPA and is a fellow in Healthcare Financial Management.

CFO


Tucson Medical Center | 5301 E. Grant Road | Tucson, Arizona 85712 | (520) 327-5461