Rick Bayer

General Information

Experience

President and Chief Executive Officer  - Healthcare Logistics Solutions LLC

Chief Executive Officer  - HLS Medfreight

Affiliations

Founder  - Healthcare Logistics Solutions LLC

Board Member  - Health Industry Distributors Association

Recent News  

"We would never do that, said Rick Bayer, president and CEO, Healthcare Logistics Solutions LLC, Westerville, OH. "We simply manage information flow.We're not trying to disintermediate anyone.We simply target the freight line item on the invoice.That's what our customers are interested in."Now if an IDN wants to eliminate the need for a distributor it's a strategy we fit into but it's not something we drive," he continued."We are not going to providers to show them how to get into the distribution business."Bayer, who launched HLS five years ago with its HLS MedFreight "provider-driven" freight management program, is a former medical supply distribution company CEO himself (Bayer Medical Supply), a board member of the Health Industry Distributors Association and one of the key leaders of the HIDA-driven Efficient Healthcare Consumer Response Initiative (EHCR) in the late 1990s."Our whole slant is helping providers take control of freight information to help them drive freight costs down," Bayer said."It's not really our role to take out distributors.We want to help providers take control over their information.They're paying a higher price for freight than they should, in terms of manufacturer shipping costs."In fact, Bayer estimated that providers who use the company's HLS MedFreight system can save 40 percent on freight costs alone, an argument so potent that by the end of the month more than 500 hospitals - including some of the leading IDNs - will be using the system endorsed by all of the major GPOs, according to Bayer.The HLS MedFreight system hinges on what Bayer calls "mode optimization."Essentially, it's shipping product in the least costly way.Customers can go to the HLS Web site, for example, to access the company database on shipping options. "Some hospitals and IDNs may know how much they spend for freight as a top line item but aren't able to drill down for more specific information, such as how much per category or per facility or department," Bayer said.Bayer admitted that freight management is a tremendous example of what EHCR tried to accomplish, so much that it lured him out of retirement."Managing freight better could take $300 million to $500 million out of the supply chain," he said.

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Rick Bayer, CEO, helped lead EHCR (Efficient Healthcare Consumer Response), which was a consortium of leading supply chain partners that focused on taking cost out of the healthcare supply chain in the mid to late 1990's.
He previously owned a medical supply distribution company and served on the Board of HIDA (Health Industry Distributor Association). Rick then assembled a team that had experience in all areas of the healthcare supply chain and together they developed the HLS MedFreight®"provider-driven" freight management program from the ground up. Podcasts Thu, 24 Feb 2011 00:00:00 -0600 The Entrepreneurship Institute Rick Bayer, Former CEO of HLS MedFreight Healthcare Logistics Solutions (HLS) is a healthcare freight management company that was built on a foundation of entrepreneurial spirit, hard work, and rock-solid business ethics. Rick Bayer, CEO, helped lead EHCR (Efficient Healthcare Consumer Response), which was a consortium of leading supply chain partners that focused on taking cost out of the healthcare supply chain in the mid to late 1990's. He previously owned a medical supply distribution company and served on the Board of HIDA (Health Industry Distributor Association). Rick then assembled a team that had experience in all areas of the healthcare supply chain and together they developed the HLS MedFreight®"provider-driven" freight management program from the ground up. 00:31:24 Rick Bayer, Former CEO of HLS MedFreight

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Rick Bayer
The Entrepreneurship Institute - Presidents' Forum Presentation Library Rick Bayer Former CEO Rick Bayer, CEO, helped lead EHCR (Efficient Healthcare Consumer Response), which was a consortium of leading supply chain partners that focused on taking cost out of the healthcare supply chain in the mid to late 1990's. He previously owned a medical supply distribution company and served on the Board of HIDA (Health Industry Distributor Association). Rick then assembled a team that had experience in all areas of the healthcare supply chain and together they developed the HLS MedFreight®"provider-driven" freight management program from the ground up.

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