Yankee Alliance Inc.

Filing Period

Jul 1, 2011 to Jun 30, 2012

Signed

Apr 16, 2013

Return Version

2011v1.5

Gross Receipts

$4,722,412

Major Activities

Activity 2

In furtherance of its own tax-exempt purposes, Yankee Alliance, Inc. provides management services to related entities, which allow for transformational learning by connecting, collaborating and communicating activities through best practices applications and knowledge transfer initiatives to improve hospital operations and performance.

Activity 3

Yankee Alliance, Inc. provides funds in the form of annual grants to its tax-exempt member hospitals. The Organization was created to foster joint programs and ventures among its not-for-profit hospital members. The grant program helps to fund programs or projects that improve the quality of patient care, expand medical and health related services offered by member institutions, and/or lower the costs of services being provided by member institutions. Grant recipients are expected to share their "lessons learned" with the greater membership. During FY12, Yankee Alliance, Inc. also provided grants to its tax-exempt hospital members in the amount of $1,275,000 to support the Yankee Alliance Supply View Program. This program provides patron-hospitals with the insight into product utilization and price with the goal of implementing industry best practices that support quality of care and reduction of supply chain expense through the use of a data analytics software known as SUPPLYview. The SUPPLYview program provides analysis and recommendations in four specific areas: (1) Identifies opportunities for members to improve product prices by accessing available contracts, (2) Suggests areas to standardize products resulting in less variability of care and lower cost, (3) Benchmarks product prices against a national database to identify opportunities to improve product pricing and (4) Recommends best practices for product utilization that result in less variability and lower cost of care.During the fiscal year ended June 30, 2012, patron hospitals were able to document savings from the Supply View Program of $11,514,662 plus an additional $25,778,219 of related savings for implementation in the fiscal year of June 30, 2013.

Filer

EIN

22-2561879