BOSTON–(BUSINESS WIRE)–Cohealo, a platform for health systems to track and share medical equipment, today announced that Jody Hatcher will join Cohealo’s board of directors. Hatcher is the former president and chief executive officer 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. While at Vizient, Hatcher served as president of supply chain services, leading the vast majority of Vizient’s diverse supply chain businesses.
“Jody Hatcher has more than 30 years of experience advising health systems on how data analytics and technology can transform supply chain processes and improve financial outcomes,” said Todd Rothenhaus, M.D., Cohealo’s chief executive officer. “We are thrilled to have him join the board of directors and to leverage his expertise as we grow Cohealo.”
Hatcher is on the board of directors for PartsSource, the industry leader in delivering medical procurement solutions for 3,300 hospitals across the United States. Previously, he served for 14 years on the board of directors for the Health Care Supply Chain Association, which represents the nation’s leading healthcare group purchasing organizations. Hatcher also spent six years as a member of the board of directors for the Global Healthcare Exchange, LLC (GHX) and three years on the board of Provista, Vizient’s subsidiary serving non-acute members.
“Cohealo is redefining the approach to equipment ownership for hospitals, providing healthcare leaders with a method to significantly decrease capital expenses while maintaining clinical quality,” said Jody Hatcher. “As the backlog of elective surgeries are rescheduled post-pandemic, there has never been a greater need for Cohealo’s technology, which will allow health systems to extend services into more sites of care without the corresponding equipment costs.”
Cohealo is the first collaborative consumption company in healthcare, enabling health systems to share medical equipment between hospitals. Cohealo’s math is simple yet powerful. Share a single unit of equipment between three facilities and save the cost of two pieces of equipment. Add the expense reductions from fewer service contracts, reduced preventive maintenance, and storage, and a substantial tranche of capital is made available for other growth initiatives.
Cohealo has conducted more than 5,000 shares of 127 different equipment types, with expertise in mobilizing even the most delicate of assets, including microscopes, lasers, and surgical robots.
“The past three decades have brought sweeping changes to our healthcare system and the next decade will eclipse them with its pace of change. Jody Hatcher has served as a trusted advisor to health system executives, positioning supply chain innovation as an integral strategy for adapting to these shifting market dynamics. I am thrilled to have him join the board and to add his voice, experience, and networks to the Cohealo story as we accelerate our reach into the market,” said Krishna K. Gupta, founder and managing partner at Romulus Capital, Cohealo’s lead investor.
Based in Boston, Cohealo finds savings for health systems by increasing the utilization of their medical equipment through proactive data analytics and equipment sharing, so health systems can re-invest those dollars into growth. With deeper insights into equipment usage, hospitals can pinpoint redundant equipment, opportunities for rental avoidance, and ways to share equipment between facilities. As the program scales within a health system, the network effect drives increasing levels of savings and improves providers’ access to expensive medical technology. Cohealo has been named to Fast Company’s Most Innovative Companies List and CNBC’s Disruptor 50 and is recognized as the first solution of its type to bring the sharing economy to healthcare. Learn more at cohealo.com.