Company Overview
Advantien is a distinguished player in healthcare, specializing in implant revenue services and supply chain management for ambulatory surgery centers (ASCs), especially in orthopedic and spine sectors. Established in 2011, Advantien focuses on refining purchasing processes, minimizing implant costs, and boosting profit margins, while preserving surgical quality and autonomy for surgeons.
Key Services and Solutions
Advantien utilizes a proprietary benchmarking process to scrutinize ASC data, involving implant utilization, expenditure, case mix, and payor mix. This analytical framework identifies cost-saving initiatives and enhances revenue channels. Notably, Advantien can increase profits by $100K to $200K for every $1M spent on implants.
Flagship Offerings
- ASC Profitability Roadmap: Identifies hidden profit opportunities and optimizes operational flows for maximum revenue.
- RFP and Pricing Management Services: Custom-tailored services to negotiate and manage pricing agreements, ensuring cost-effective purchasing.
- Free Implant Analysis: A no-cost initial service offering insights into current implant costs and potential savings.
Leadership Team
- Tim Burney, Founder and CEO, leads with over 30 years of healthcare industry experience, specifically in orthopedic and spinal devices.
- Ryan Fredricey, COO and Co-Founder, has a solid background in medical device commercialization and management, having held vice presidential roles.
Company Achievements
Advantien's strategies have repeatedly delivered successful outcomes, typified by an orthopedic/spine ASC realizing a $1.3 million annual profit increase via enhanced pricing negotiations and streamlined billing processes. Testimonials consistently validate Advantien’s adept vendor management and purchasing accuracy.
Strategic Partnerships and Industry Contributions
Advantien has fortified its influence in the ASC industry through alliances such as with HST Pathways, committed to transparency and cost optimization. Participation in major healthcare conferences and contributions to industry publications, including insights shared by COO Ryan Fredricey in Becker's ASC Review, further showcase the company’s thought leadership.
Competitor Profiling
Key Competitors
1. Acxss365 – Offers healthcare advisory and analytic services with a focus on a seamless supply chain through a single-source, multi-vendor marketplace. Recently acquired by Sterling Healthcare Logistics, they are based in Los Angeles with reported revenues of $5.5 million.
2. Universal Medical Associates – An independent entity in spinal implant and biologics, located in Baltimore, MD, generating $872,000 in revenue.
3. Vested Medical – Concentrates on standalone sterile processing centers for surgical tools and implants, based in Elmhurst, Illinois, enhancing quality and asset utilization.
4. Summate Technologies – Provides scanning and documentation solutions for ASCs to improve data accuracy and operational efficiency in surgical settings.
Market Position
Advantien maintains a robust market stance by offering specialized services optimizing implant management logistics for ASCs. Strategic alliances and an established client base in orthopedic centers amplify their influence, furnishing cost-effective solutions and profitability enhancements.
Technological Emphasis
Focusing on customized supply chain integration, Advantien’s technology facilitates robust data management, historical spending analysis, and competitive benchmarking, presenting clients with deep insights into cost reduction and operational efficiency.
Contact Information
Advantien Surgical Solutions LLC
3800 Buchtel Blvd #101748
Denver, CO 80250
Email: info@advantien.com
Phone: (303) 876-7644
[Advantien's Website](https://advantien.com/)
[LinkedIn Profile](https://www.linkedin.com/company/advantien)
Advantien's ongoing innovation in supply chain solutions and its commitment to financial optimization affirm its stature as a pivotal leader in the evolving ASC landscape.
