Sanford Health Aims to Achieve $44.6M in Operational Savings With Help From GE Healthcare

Sanford Health, based in Sioux Falls, S.D., and GE Healthcare have entered into a 10-year comprehensive services agreement through which Sanford hopes to achieve $44.6 million in operational savings.

Sanford, which includes 39 hospitals and 225 clinic locations, hopes to achieve annual operational savings through maintenance, mobile asset optimization and lifecycle planning provided by GE Healthcare, according to a news release.

Sanford, will also work to increase productivity through the integration of multiple biomedical engineering and radiology departments.

"We believe the best and least expensive way to care for patients is to centralize clinics and hospitals to share equipment and expertise," said Randy Bury, Sanford's Chief Administrative Officer, in the release. "We believe GE Healthcare will help us achieve our operational outcome goals and pursue expansion efficiently."

More Articles on Hospital Finances:

Fitch Affirms LifePoint Hospitals Rating, Outlook Stable
5 Things to Know About Hospital Margins
5 Things to Know About Healthcare Spending Projections for 2015

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars