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Albany Med Today

Saving Dollars, Saving Lives

Albany Medical Center is calling upon its greatest asset to identify ways to reduce costs while continually improving quality patient care: Its employees.

The new campaign, Albany Med Saves, empowers employees to become more involved in an ongoing effort to identify areas the Medical Center can reduce costs and still improve quality.

Employee-identified savings in the past four years have already netted Albany Med $15.1 million. To cite several examples, in the past two years employee-generated ideas saved Albany Med close to a combined $2 million by securing better pricing for spine surgery implants, IV medicine administered in the Infusion Center and cardiac rhythm devices.

All employees are being asked to learn more and get involved while urging colleagues to do the same. Visit Albany Med Saves via the Intranet, or email vat@mail.amc.edu for more information.
“Albany Med Saves is a call to action to address rising expenses across all of health care that impact Albany Med as well,” said Bernadette Pedlow, senior vice president for Hospital Business Services and hospital chief operating officer. “The money we save can be put back into the care we provide.

“We need everyone to be involved.”

Areas to be examined include: finding savings through pricing, standardization and usage; improving financial performance; bringing together clinical and supply chain staff to work as teams, and creating a culture open to change and new ideas.

“We have to address the increasing cost and unknown future of health care, while maintaining the quality of the services and care we provide every day,” said Rudy Santoli, vice president of materiel management. “Employees of any level or location who deal with the vast and intricate workings of the Hospital, College or Center are the best ones to identify the means Albany Med can achieve common-sense savings.”