FOR IMMEDIATE RELEASE – FEBRUARY 2024, Andover, MA, – MAGNET GROUP GPO, a group purchasing organization, is thrilled to announce a strategic partnership with Blue.Point. Through Blue.Point’s data management tools, MAGNET GROUP GPO members can save by analyzing product utilization, identifying savings opportunities, maintaining clinical product quality, and progress tracking.

This partnership aims to bring product utilization with clinical best practices to uncover achievable savings for members that integrate Blue.Point into their facility. Blue.Point’s detailed analytics allow health systems to compare their usage and practice across their system to other IDNs. The average savings per staffed bed is $6,000 for facilities that team up with Blue.Point.

“Blue.Point partners with health systems to identify utilization opportunities and align to clinical best practice – the result is consistent patient outcomes and generated savings. This is achieved through our robust comparator analytics and benchmarking tools that provide visibility into practices and products across departments and within a network. Furthermore, Blue.Point provides an achievable action plan, based on unbiased clinical research, as well as reporting capabilities to implement change and sustain savings,” said Vice President, Business Development, Laura Cieplik. As a recent example, our customized action plan helped to identify a higher than benchmark utilization rate of IV Primary Tubing. This saved a 200+ bed trauma center over $385K and better aligned the facility to their patients’ clinical needs.

MAGNET GROUP GPO members interested in uncovering achievable savings, or would like more information about Blue.Point can visit bluepointscs.com and request a free demo.

About Blue.Point
Blue.Point partners with health system supply chain and value analysis teams to identify, implement, and sustain product utilization savings. We have built advanced data management capabilities that enable a health system to have unprecedented visibility into the products they are using on their patients to identify clinical practice variation. Blue.Point’s solutions support hospitals and healthcare providers by identifying, implementing, and sustaining changes to product selection and clinical practice variances that may affect the overall cost and quality of care. For more information visit www.bluepointscs.com or contact Anne Marie Orlando, Senior Director, Clinical Programs, at amorlando@bluepointscs.com.

About MAGNET GROUP GPO
Founded in 1979, MAGNET GROUP GPO is one of the oldest and most experienced group purchasing organizations in the country. MAGNET GROUP GPO is a specialty GPO with a portfolio focused on capital and small medical equipment, non-medical equipment, facilities related products, select medical products, technology products, and services. MAGNET GROUP GPO is “Your Other GPO” for simple secondary sourcing of quality products and services. Participants include all varieties of healthcare providers and non-healthcare entities, such as schools and small businesses. Participation is strictly voluntary. MAGNET GROUP GPO member facilities choose from a variety of no-hassle, national GPO contracts and never pay membership dues or fees. For more information, contact Diane Mase, President, at dmase@magnetgroup.com or visit www.magnetgroup.com/.