March 3, 2020
CLEVELAND, March 3, 2020 – PartsSource, a technology and services company that uses patented, evidence-based decision support to improve medical asset uptime, decrease purchased services expenses and streamline workflow, today announced that supply chain industry veteran Jody Hatcher has joined the company’s Board of Directors. Hatcher’s more than 30 years of healthcare executive experience will support PartsSource’s engagement with progressive supply chain organizations across the U.S.
Hatcher is the former President of supply chain services for Vizient, and the former President and CEO of Novation, which was merged in 2015 with VHA and UHC to form Vizient, the largest member-driven, healthcare performance improvement company in the country. Widely respected across the industry for his accomplishments, Jody served for 14 years as a board member of the Healthcare Industry Supply Chain Association, including four years as chairman.
“Jody is a seasoned commercial leader who has committed his professional life to helping healthcare organizations transform their supply chains and has a strong understanding of the technologies, processes and trusted advisorship required to deliver reliable and reproducible outcomes,” said Philip Settimi MSE, MD, President & CEO of PartsSource. “We’re delighted to have Jody join our Board and support our effort to engage supply-chain thought leaders across the country.”
Under Hatcher’s leadership, Novation achieved record-breaking member savings and consistently increased member participation in offerings. He oversaw growth in gross revenues of more than 47 percent, and spearheaded Novation’s investment to build world-class data assets and analytics that are key foundational components of Vizient’s data and analytic solutions today. In addition, he led a variety of key in initiatives including Novation’s entry into the global marketplace through its partnership with DHL in the United Kingdom.
Since 2016, Jody has served as a board member of Provista, Vizient’s subsidiary serving non-acute members. Previously he served for six years as a member of the Board of Directors for the Global Healthcare Exchange, LLC (GHX) and its audit and compliance committee. He served as board member and chairman of the Healthcare Group Purchasing Industry Initiative, the health care industry’s initiative to promote best practices and ethics. He also served as a board member of the Irving Healthcare System Foundation.
“During my 30 years at VHA, Novation and Vizient, I witnessed numerous approaches to drive supply chain standardization, productivity and cost reduction, and I came to understand the importance of bringing people, process and technology together to create lasting change in healthcare,” said Hatcher. “As I came to know PartsSource, I realized that their software platform and evidence-based approach to procurement, with significant outcomes at numerous Vizient clients, is the future of supply chain optimization for top-performing healthcare systems across the US.”
PartsSource provides over 1,000 hospitals with PartsSource Pro, the only comprehensive managed service designed to maximize medical equipment uptime and streamline the parts procurement process, while reducing risks and costs. PartsSource Pro helps many of the nation’s largest and most respected health systems succeed in their commitment to improve supply costs, enhance the quality of their patient experience, and improve the productivity of their workforce.
Hatcher joins existing PartsSource board members Mark Taber, Managing Partner of Great Hill Partners; Rafael Cofiño, a partner at Great Hill Partners; James Weinstein, MD, emeritus chief executive officer and president of Dartmouth-Hitchcock and the Dartmouth-Hitchcock Health System; and Dr. Settimi.
Hatcher earned a bachelor's degree from the University of Texas at Arlington and a master's degree in business administration from the University of Dallas.
PartsSource’s proprietary procurement platform eliminates friction from the healthcare supply chain by delivering evidence‐based decision support for healthcare technology management (HTM). Through integrated workflows and standardized processes, PartsSource empowers HTM teams to make data-driven decisions, manage long‐tail spend, increase equipment uptime and track the quality of clinical assets. To learn more about the value of proactively managing the lifecycle of clinical resources, visit PartsSource.com.