Troy Kirchenbauer of aptitude™ Joins Advisory Board of the 11th Annual World Health Care Congress
Troy Kirchenbauer, the General Manager of the industry’s first direct contracting market, has been named to the Advisory Board of the 11th Annual World Health Care Congress, taking place April 7-9, 2014 at the Gaylord National Hotel and Resort in National Harbor, Maryland.
Kirchenbauer has been spearheading dramatic advances in the health care supply chain for the last 20 years. In his previous role with Novation - the industry-leading group purchasing organization that oversees more than $43 billion in supply contracts - he focused on leveraging data and technology to assist hospitals in maximizing the value of supply chain contracts.
“I’m looking forward to contributing and am honored to have this opportunity to join the World Congress Advisory Board,” said Kirchenbauer, “it is important that we stay topical and informative as our industry continues its path towards change.”
Kirchenbauer was a key contributor in creating the concept behind aptitude, the company that is now revolutionizing the healthcare contracting process. His wide-ranging skills and expertise - from the innovative application of emerging technologies to his in-depth understanding of industry sourcing processes from each stakeholder's perspective - have helped him successfully guide the company's development and business strategy. Mr. Kirchenbauer holds a Masters of Business Administration with a focus on strategy and leadership from the University of Dallas, and a Bachelor of Business Administration in Human Resource Management from Texas A&M University at Commerce.
"Having an innovative forward-thinker such as Mr. Kirchenbauer on our advisory board is precisely what will help keep topics at this year's WHCC on the pulse of the health care industry," said Bernie Weiss, Vice President of Business Development at the World Health Care Congress.
About The World Health Care Congress:
Known for their premium content-driven summits that convene forward-thinking leaders, innovators, and senior executives in health care, the World Health Care Congress is approaching their 11th year of their flagship event in the Washington, DC area. More formation may be found at www.worldhealthcarecongress.com and on twitter (@WHCCevents).
As the healthcare's industry's first online direct contracting market, aptitude LLC was developed to meet the evolving demands of today's healthcare organizations. Hospitals and suppliers are intrigued by how aptitude re-imagines the contracting model and provides the driving force for a more logical market in which hospitals and suppliers can achieve mutually beneficial, committed purchasing relationships for a better value proposition for both. For more information, visit aptitude.com and follow us on Twitter (@aptitudeLLC).
· Self-contracting represents $55 billion or more than a third of the $150 billion healthcare contracting purchasing nationwide.
· As of September 2013, more than 400 of the nation's leading hospitals representing $6.8 billion in collective purchasing power are benefitting from the aptitude market.
· In the three months following launch in April, hospitals have placed $3.8 million in bids with sellers who are using aptitude to market a range of about a million different products.
· Hospitals and suppliers using aptitude for direct contracting are executing agreements within about a month. Outside of aptitude, this contracting process can typically take anywhere from 6 to 9 months.
· Hospitals using aptitude to enter into agreements directly with suppliers save an average of about 12 to 14 percent off the costs typically associated with their contracting efforts. In some instances, the savings have been as high as 30 percent.