The Health Alliance is a new venture in the healthcare sector that’s bringing together selected companies and partners from clinical, pathology, and molecular laboratories. The result will offer a full-service reference lab in each of the states across the US.
Though bringing together smaller companies to build a huge conglomerate is not new, this is the first of its kind in the healthcare sector. The move has certainly been successful in other industries and is set to yield similar results in the medical world.
The Health Alliance is a fast-growing super venture set to transform the healthcare sector. But what are its members’ benefits? Let’s examine why the partnership is snowballing.
Solving Healthcare Challenges
By partnering with leading healthcare businesses, the Health Alliance has the power to solve challenges. One of the biggest challenges in the healthcare sector right now is the shortage of plasma. Why is the scarcity of plasma a pressing issue? Half of our blood is made up of plasma, which is necessary for certain body functions such as transporting nutrients and hormones to different body parts, removing waste, and preventing infections.
Plasma is also needed for certain medical treatments, such as making antibodies and clotting agents, which you would need if you had a bleeding disorder. The shortage of plasma also impacts the availability of certain medications. All of these could mean life or death for many patients. The Health Alliance has made it its mission to solve this plasma shortage, not just for the present day but for the future. They are developing novel ideas and working around the clock to devise a long-term strategy.
As an example, the Health Alliance has started working on setting up more plasma centers around the country, using what it already has in place, special FDA approvals. The goal is not just to collect more plasma, the Alliance is instituting improvements in the whole process, from how plasma is collected to ensuring that donors receive excellent treatment. It’s also ensuring that plasma collection centers are easily accessible, use the latest technology, and that everyone is assured safety and comfort at all times.
Creating a Strong Team of Experts
Another benefit for patients comes from how the Health Alliance is putting together different experts—much like a dream team—from specialized fields such as lab testing, disease study, and advanced research, who are coming together in a powerful collaboration to offer a centralized service.
This pooling of resources gives the Health Alliance an advantage in the field, as it allows it to streamline the whole system to work much more efficiently by eliminating waste and focusing on meeting the needs of the patient, its number-one client. Recently, the Health Alliance announced that Circulogene, the company specializing in liquid biopsy testing for cancer patients, has joined the partnership. This move puts the Health Alliance at the forefront of innovation and cancer treatment.
Moving forward, the Health Alliance will be looking for new opportunities to partner with the frontrunners in the medical field. That means that the super venture will have the chance to be at the helm of many of the innovations taking place in the sector. Since the healthcare field is rapidly changing, it is vital to stay ahead of the game. By working with the leaders in the industry, the Health Alliance has the chance to push things in the right direction.
Benefits for Health Alliance Partners
Companies receive several benefits upon joining the Health Alliance, and most of these indirectly benefit the patient. Let’s delve into why so many partners are joining its ranks.
Cost-Saving Benefits
Being a unified venture with a national footprint puts the Health Alliance in an advantageous position to negotiate pricing and drive down costs for its partners. Their partners benefit by receiving up to an 80% reduction on current consumables, supplies, and reagents pricing. They also enjoy discounted pricing from mainstream vendors like FedEx and other suppliers. This has a knock-on effect. When partners save money, they can pass down those savings to their customers, either by not raising their prices or by giving discounts on services.
Nationwide Exposure
Secondly, joining the Health Alliance gives its partners great exposure. Companies receive full access to the national customer base when they join the partnership. In this way, partners can expand their brand’s presence nationwide, whereas in the past, they would have been limited to operating only in their home states.
Smaller organizations, which may have limited funds, will feel this benefit the most as the partnership cuts through the financial barrier and allows them to expand their reach, without stretching their budget beyond reasonable means. These local businesses will also gain access to a myriad of new resources which will ultimately open many doors for them within the healthcare industry. Patients benefit by gaining access to a wide variety of services from partners nationwide, exposing them to more expert services and better prices.
Streamlined Systems
Thirdly, companies will find that their processes will be simplified and any outdated systems streamlined upon joining the partnership. When the Health Alliance was created, one of the biggest challenges was getting organizations functioning from different systems and technologies to work together seamlessly. They solved that problem by creating a single platform that links all the different systems. Information can now be shared seamlessly, and they have circumvented the need to replace existing systems. As you might imagine, this would have been very costly and time-consuming.
The Health Alliance is at the forefront of technology, something they pride themselves on, which makes them leaders in the healthcare sector. The team behind the alliance considers the specific needs of each company and tailors the solutions for each instead of using a blanket approach, which is where big mergers often go wrong. This strategy is great for building trust and fostering great teamwork and cooperation. It allows everyone to be great at what they do and encourages a culture of innovation.
Companies that join the partnership will be able to centralize the selection of the services they offer while creating strategic partnerships with vendors and suppliers. This will allow them to draw from each other’s strengths.
Simple Staff Recruitment
Finally, a very important benefit for partners is staff recruitment. Health Alliance members can recruit talent nationally because they will have access to the most valuable professionals nationwide. Company employees benefit from this, too, as they receive opportunities to move, transfer, or take on leadership positions in different states. In this way, patients gain access to top professionals in the field whom they might have had to travel to another state to access.
The Future of the Health Alliance
The company’s vision is clear: to create the largest integrated healthcare organization, with dedicated access points and locations in every state across the U.S. The company has already recruited a selection of the country’s best healthcare partners. As the word of the super venture gets out, this number is set to multiply fast. The future is bright for the Healthcare Alliance.
Of course, one of its biggest goals is to build a strong, long-lasting system that will keep up with the need for plasma, now and going into the future. They are driven to and are on track to achieve nationwide expansion, conduct extensive medical research at a fraction of the cost, and provide unified data access to all members. The Health Alliance plans to do all of this while also driving innovation and providing excellence in laboratory services on a national scale.
The Health Alliance will also to play a pivotal role in shaping the future of research and clinical trials nationwide. The founders are planning to do this by bringing together various specialized companies that are focused on research, clinical trials, and Phase 1 to 4 studies. Bringing together specialized companies whose focus is on clinical trials, research, and bio-banking puts the Health Alliance in an excellent position to create novel methods for these partners to run clinical trials more effectively. They are on track to deliver huge medical breakthroughs that will save the lives of many people around the world. This move will be the first of its kind in the healthcare sector and could transform the field completely.
The Takeaway
To date, the partnership has been very successful at winning big contracts from Group Purchasing Organizations (GPOs) which proves that they have a huge appeal in the market. More money for the conglomerate means huge savings and better healthcare for its patients.
For the Health Alliance founders, the aim is not just to get bigger, but to prove that coming together has tremendous benefits for everyone, and does make a difference. While they are playing the role of pioneers in the healthcare sector, they’re inspiring others to follow their lead, like hospitals and insurance. The goal is to dominate the industry and disrupt the landscape of healthcare, and judging by what they’ve achieved to date, they’re on track.
