CMEPP is a Not-For-Profit organization that helps hospitals save money through effective management of medical equipment service contracts. We are governed by our hospital Participants within the program.
Our unique model allows us to work with service suppliers to provide the most value for our Participants. Our expertise and knowledge in medical equipment service contracts allows us to provide savings to hospitals and valuable information to Group Purchasing and Shared Services Organization across Canada.
Here are the Top 10 Reasons for Joining CMEPP:
Upfront Cost Savings
Participants can see immediate savings
You can better plan the cost of service for the year
Options That Meet Your Needs
Make cost-effective decisions that saves money
Savings Returned To You
If service is not needed, money is returned to you
Shared Risk Model
The program protects you from unexpected costs
No Change in Business Process
There is little to no change in your current workflow
Improved Supplier Relations
If there is an issue, we can help find a solution
Your contribution is predetermined for the year
Focus On Patient Care
We do the admin work, including payment to vendors
Easily Add/Remove Equipment
You can add or remove equipment at any time. There are no fees or penalities
TORONTO – November 6, 2017- Canada’s only not-for-profit organization dedicated to managing healthcare equipment service contracts, Canadian Medical Equipment Protection Plan (CMEPP), is pleased to announce that over $2.5 million dollars has been saved for hospitals in the 2016-2017 fiscal year. This is also the 20th consecutive year the program has delivered a surplus to its hospitals (Participants), with over $37 million dollars in cumulative savings returned to hospitals since 1996.
Since April 2016, eight new hospitals have joined the program with more hospitals looking to come onboard. CMEPP’s General Manager, Nils Clausen, explains how the organization’s proven ability to help hospitals better manage and maintain their valuable medical equipment assets, and reduce costs at the same time, has generated growing interest from Canadian healthcare organizations seeking to deliver greater value to their patients.
“Through our program hospitals are making more efficient choices with their budgets without sacrificing the quality of patient care,” said Clausen. “Based on input from our Participants, and increasing market demand for our services, we are expanding our current offerings and developing new solutions that will deliver even greater efficiency and cost savings.”
When a healthcare organization joins CMEPP as a Participant and their equipment has been identified, they pay a capped contribution amount for their service needs representing a significant upfront savings. Within the parameters of the not-for-profit model, CMEPP creates an aggregate shared pool of funds for all Participant service repairs. The result is hard dollar savings in annual repair costs and at the end of the service term, excess savings are returned to Participants.
CMEPP is currently developing processes to streamline workflow and communication between hospitals and service suppliers with the focus of ensuring equipment is serviced to Participant expectations. As the number of CMEPP Participants increases, so does the reduction in overall costs and subsequent savings for all Participants. To learn how your hospital can drive down equipment maintenance costs through CMEPP, contact: tel: 416-730-3017 or email: firstname.lastname@example.org
CMEPP is Canada’s only not-for-profit organization dedicated to taking the pain out of managing medical equipment service contracts. CMEPP's flexible approach solves clients’ most challenging issues and delivers hard dollar savings that can be reinvested in patient care. CMEPP is located in Toronto, Ontario. For more information, please visit: https://www.cmepp.com.