In 2024, Excelerate continued to deliver substantial value and foster a collaborative environment that enhances both financial and clinical performance. The clinically-vetted portfolios available to Excelerate members have been a cornerstone of success, and the year's achievements highlight the impact and importance of physician-led sourcing.
Financial milestones
One of the most significant highlights of 2024 was the financial impact of Excelerate. The organization generated an impressive $103.6 million in cost savings for its members, a testament to its effective cost management approach. Additionally, Excelerate distributed over $23 million in ongoing rebate value, further enhancing the financial benefits for its membership. These financial achievements underscore Excelerate's commitment to optimizing every dollar spent, ensuring that healthcare organizations can allocate resources more effectively.
Membership growth and collaboration
Excelerate's growth was not limited to financial gains. The organization welcomed seven new members, expanding its reach 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 Excelerate's clinically-vetted portfolio. The organization introduced five new contract categories within the physician preference space, broadening the scope of sourcing options and aligning more closely with specific clinical requirements. This strategic move 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 Excelerate's ongoing commitment to delivering substantial value and driving positive change in the healthcare industry. By focusing on financial stewardship, expanding its network and enhancing its clinically-vetted portfolio, Excelerate continues to set a high standard for healthcare organizations. 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 clinically-vetted portfolio, comprehensive implementation support and collaborative environment make it an invaluable partner in the journey toward excellence in healthcare.
Join Excelerate and be part of a membership that is driving optimized financial and clinical performance, ensuring that every dollar spent delivers the maximum value and every patient receives the best possible care.
Excelerate's 2024 Performance Highlights
- $103.6 million in cost savings generated for members
- $23 million in Year 2+ rebates distributed
- 7 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