Prime Source Healthcare Solutions is bulking up its post-acute expertise to provide cost management solutions that help the industry optimize service delivery and reduce costs while increasing quality.
It’s a major brand realignment for Prime Source, which sees opportunities to provide pressured facilities savings “roadmaps.” Group purchasing organizations alone are no longer enough to build financial success, CEO Michael Greenfield said.
“Nursing homes fail due to overspending, waste and underfunded reimbursement gaps,” he added. “Prime Source is driving innovative change and disrupting service delivery standards in the PAC industry. We provide a collaborative and interdisciplinary approach to systemwide cost management best practices to maximize profitability.”
Greenfield is a founding member of SHOPP — the Society for Healthcare Organization Procurement Professionals — dedicated to supporting the data-driven, ethical evaluation of products and solutions that achieve meaningful and financially responsible healthcare outcomes.
In addition to serving long-term care providers, Prime Source is known for its hospitality services, with contracts designed to save owners on equipment, dietary, environmental and office supplies.