SOMERVILLE, NJ – August 10, 2017 – The Johnson & Johnson Medical Devices Companies (JJMDC)* have been honored with two supplier awards from Intermountain Healthcare. Intermountain’s 2017 Supply Chain Excellence Award was presented to JJMDC for excellence in supply chain efficiency and innovation. Additionally, the 2017 Corporate Social Responsibility Award was presented to Sterilmed, Inc., part of JJMDC, for its continued efforts to have a positive social and environmental impact in local communities.
JJMDC and Intermountain have worked together to standardize products and processes, as well as define cooperative programs that reduce stock outs, increase standardization, improve lead times and optimize perfect order efforts related to the use of JJMDC products. By utilizing the Supply Chain Optimization capability offered through CareAdvantage from the Johnson & Johnson Medical Devices Companies**, Intermountain has experienced the following with respect to JJMDC products:
· A reduction in more than 100 suture SKUs[i]
· A 25 percent increase in inventory turns[i]
· Dock-to-stock reductions from 48 hours to four hours[ii]
· Stock out reductions of 40 percent[ii]
· An overall reduction in product lead time; and[ii]
· Increased supply chain transparency.[ii]
“We are honored to receive this special recognition from Intermountain Healthcare,” said Tim Schmid, Chief Strategic Customer Officer, Johnson & Johnson Medical Devices Companies. “These awards underscore our commitment to helping U.S. health systems deliver value-based care by helping to lower costs, enhance outcomes, and increase patient satisfaction, all while supporting local communities.”
For more information on CareAdvantage, visit http://careadvantagejjmdc.com.
The Corporate Social Responsibility Award demonstrates Sterilmed’s commitment to environmental stewardship, governance, empowerment and diversity. Nearly seven million devices and over two million pounds of waste were diverted by Sterilmed in 2016 alone, and for Intermountain, Sterilmed successfully integrated a sustainable purchasing process for reprocessed medical devices.[iii]
“Sterilmed is proud to receive this award, and proud to partner with Intermountain Healthcare to drive economic and environmental sustainability through proven solutions,” said David Hummell, Vice President, U.S. Sales and Marketing for Sterilmed. “We aim to help health systems minimize waste and generate more savings; and this recognition proves we are succeeding.”
About the Johnson & Johnson Medical Devices Companies
The Johnson & Johnson Medical Devices Companies’ purpose is to reach more patients and restore more lives. Having advanced patient care for more than a century, these companies represent an unparalleled breadth of products, services, programs and research and development capabilities in surgical technology, orthopaedics, cardiovascular and specialty solutions with an offering directed at delivering clinical and economic value to health care systems worldwide.
About Sterilmed, Inc.
Sterilmed partners with healthcare facilities to deliver maximum cost savings through proven, simple solutions that drive economic and environmental sustainability. As an FDA-regulated reprocessor, Sterilmed is held to the same standards for cleanliness, sterilization and functionality as the original equipment manufacturer. Sterilmed enables hospitals and medical facilities to reduce device costs and medical waste, allowing healthcare facilities to free up critical financial resources while maintaining the highest levels of patient safety. Sterilmed is a member of the Johnson & Johnson Family of Companies. For more information, please visit www.Sterilmed.com.
About Johnson & Johnson Health Care Systems Inc.
Johnson & Johnson Health Care Systems Inc. (JJHCS) provides contracting, supply chain, business services, and strategic solutions to customers and commercial intermediaries of U.S.-based Johnson & Johnson companies, including hospital systems, health plans, distributors, wholesalers, purchasing organizations, government payer programs, and government healthcare institutions in the U.S. JJHCS also engages with customers to provide streamlined supply chain services for our products that seamlessly integrate with customer operations, address shared evolving market challenges to value-based care, and develop innovative solutions that improve patient care and access.
* The Johnson & Johnson Medical Devices Companies comprise the surgery, orthopaedics, and cardiovascular businesses within Johnson & Johnson’s Medical Devices segment.
**CareAdvantage from the Johnson & Johnson Medical Devices Companies is offered through Johnson & Johnson Health Care Systems Inc.
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[i] Data on file. Ethicon US, LLC. “Suture Efficiency Report.” 2017.
[ii] Data on file. Johnson & Johnson Health Care Systems, Inc. “Intermountain Supply Chain Case Study_CA.” 2017.
[iii] Data on file. Sterilmed, Inc. 2016.
Contact: Lisa Vaga