Market Overview

Yankee Alliance Partners with PartsSource for Medical Parts Procurement

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Program offers high-value spend insight and visibility to optimize
utilization

PartsSource,
the first and only cloud-based platform that orders, tracks and
standardizes the procurement of quality medical replacement parts, has
been selected as a partner by Yankee Alliance, a healthcare organization
that reduces member supply and operating expenses through aggregation of
data, purchasing, ideas and knowledge. PartsSource's curated marketplace
consolidates 4 million products into a single digital platform to reduce
variance, support evidence-based purchasing decisions and simplify an
often-fragmented process, which aligns with Yankee Alliance's strategies
for cost reduction, contracting, analytics, benchmarking and value
management in the healthcare supply chain.

PartsSource will provide Yankee Alliance members a simplified parts
procurement process, visibility into spend and quality, and
standardization in the challenging area of purchased services – an area
that can represent up to one-third of a health system's total
expenditures. Yankee Alliance members also will benefit from special
pricing when signing new agreements with PartsSource.

"Every day we help hospital systems deliver better margins through lower
supply costs, more effective use of team members and by digitizing
cumbersome procurement processes of mission-critical goods and
services," said Phil Settimi, M.D., President and CEO of PartsSource.
"Yankee Alliance members can now leverage a proven solution in use by
15,000 clinical sites across the country who partner with PartsSource to
access 4 million products through more than 6,000 suppliers to improve
availability of clinical assets and bottom line results."

For more information about the leading provider of technology solutions
engineered to eliminate friction from the supply chain, visit PartsSource.com.

About Yankee Alliance

Yankee Alliance is a member-driven healthcare group purchasing
organization founded in 1984 on a belief in collaboration, that working
together can achieve more than working alone. Our mission is twofold: to
work with members to reduce supply and operating expenses through
aggregation of data, purchasing, ideas and knowledge and to excel in
strategic innovations that continually assist members in reducing their
cost while recognizing their individual needs. Today, Yankee Alliance
remains true to the foundational belief in collaboration and has grown
to over 15,250 members in all classes of trades across all 50 states.
For more information visit www.yankeealliance.com.

About PartsSource®

Combining a suite of software-enabled services with industry best
practices, PartsSource empowers customers to drive costs out of
healthcare delivery. By automating the highly complex workflow
associated with procurement, PartsSource delivers the industry's only
online, fully-integrated medical products and repair parts marketplace.
PartsSource facilitates millions of transactions annually by connecting
6,000 OEMs and suppliers to 3,000 hospitals and 12,000 clinical sites
worldwide.

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