In 2024, Excelerate members achieved substantial value, strengthening both financial and clinical performance. Through physician-led sourcing and collaboration, members drove meaningful change across their organizations. Below are some key highlights from these accomplishments - underscoring the impact of operational innovation to advance patient care.
Financial milestones
One of the most significant highlights of 2024 was the financial impact. Excelerate members achieved an impressive $103.6 million in cost savings. Additionally, Excelerate distributed over $23 million in ongoing rebate value, further enhancing the financial benefits for its membership. These financial achievements emphasize Excelerate's commitment to helping healthcare organizations optimize every dollar spent, allowing them to allocate resources more effectively.
Membership growth and collaboration
Growth in 2024 was not limited to financial gains. Excelerate welcomed eleven new members, expanding its impact and fostering a more collaborative environment. To enhance knowledge sharing and strengthen relationships among healthcare professionals, Excelerate held 14 networking calls throughout the year. These calls provided a platform for members to exchange best practices, share insights and collaborate on initiatives that drive performance and innovation.
Expanding contract coverage in preference item categories
A key highlight of 2024 was the expansion of the clinically-vetted portfolio. Five new contract categories were introduced within the physician preference space, broadening the scope of sourcing options and aligning more closely with specific clinical requirements. This reinforces Excelerate's dedication to ensuring that clinical care and utilization are in harmony, ultimately leading to better patient outcomes and more efficient healthcare delivery.
Impact and future outlook
These achievements collectively demonstrate an ongoing commitment to delivering substantial value and driving positive change in the healthcare industry. By focusing on financial stewardship, expanding the network and enhancing the clinically-vetted portfolio, Excelerate continues to set a high standard. The program's impact is evident in the improved financial performance, enhanced collaboration and consistent patient outcomes experienced by its members.
For healthcare organizations looking to optimize their financial and clinical performance, Excelerate offers a proven model of success. The program's comprehensive portfolio, high-touch implementation support and collaborative environment make it an invaluable component in the journey toward excellence in healthcare. Ensuring that every dollar spent delivers the maximum value and every patient receives the best possible care.
2024 Performance Highlights
- $103.6 million in cost savings generated for members
- $23 million in Year 2+ rebates distributed
- 11 new members welcomed
- 14 networking calls held for knowledge sharing and collaboration
- 5 new contract categories introduced in the physician preference space
Significant achievements in financial performance, membership growth and clinical portfolio expansion
To learn more about becoming an Excelerate member to drive optimized financial and clinical performance, send an email to Melinda Gardner.