Who Is Caretech?

Caretech Group was founded by Paul Hellman in 1994 after an early career managing LTC Facilities. As a Licensed Nursing Home Administrator, Hellman retains an ‘up close and personal’ reference to the experience of his customers. Hellman’s astute strategic sense coupled with his ability to analyze data, positioned Caretech to put systems in place that quickly identify and resolve challenges. These tools prove beneficial to Caretech’s customers time and time again. A profound and traditional sense of integrity combined with collaborative negotiation techniques has produced valuable and innovative business alliances that benefit Caretech’s customers. This array of offerings includes; medical supplies, food services, financial and technological tools that streamline administrative and patient care processes. Focusing on maximizing supply utilization, and establishing "best practices" within client facilities, Caretech is now extraordinarily well positioned to lead clientele through looming cutbacks anticipated from Medicare and Medicaid in the coming months.

What Makes Caretech Different?

Many healthcare facilities are members of General Purchase Organizations (aka GPOs or Independent Distribution Networks), benefitting from negotiated discounts on behalf of members. Caretech extends this role by providing tools or a combination of tools and personnel that simplify the procurement process. By adding controls and acquired intelligence, Caretech effectively co-manages current resources and vendor relationships. Establishing how resources are best utilized, and renegotiating pricing in alignment with Caretech’s available discounts benefits our customers. While the financial benefits can be accounted for in real savings for less expensive materials, understanding how the choice of supplies and methodologies affect the efficiency and profitability of the entire facility is a "value add" that no GPO can bring to the table. Caretech is not only ensuring that products are ordered, but that the items will be fulfilled 100%, on time, and that the facility administration stays abreast of budgetary status all the while.

Why Use Caretech Now?

Within a volatile economic environment which has both profound and intense repercussions to the operating environments of the facilities it services, Caretech is uniquely positioned. Intellectual capital, delivered in real time, is a primary goal of the organization. Arming executive management with the Business Intelligence (BI) they need through traditional and innovative reporting methods, empowers management to identify problems as they arise. Providing Clinical Intelligence (CI) to administrators and caretakers alike, directly and postively impacts the quality of patient care in real time. These tools also protect finely tuned budgets. Proactive and strategic planning in response to an economic crisis is the net result of our innovative technological tools.

Caretech is preparing our clients to plan for dramatic cuts in Medicare & Medicaid through education, business intelligence delivery and inventive solutions for procurement, supply recommendations, the analysis of food services, labor, insurance, technological tools and pharmaceutical management. Our EVP of Business Development, Steve Katz illustrates the economic big picture and its effect in both the marketplace and on the micro level of a facility’s individual budget. Our Budgetwire Blog & Newsletter are published monthly, highlighting upcoming concerns within the legislative and financial worlds. With over 26 years experience working in a LTC environment, and 12 years lecturing to students who will become future healthcare administrators, Katz understands the full spectrum of concerns our clientele face. Working closely with executive leadership, Steve Katz illustrates how savings from the "back of the house" materialize in increased capability to provide hands on patient care.

How Will Caretech Help You?

Benchmark Analysis

Granting our Caretech professional a scant fifteen minutes of your business day will result in significant benefits for your facility. Caretech will gather and analyze financial data for the previous 12 months, identifying weaknesses and strengths alike. Performance benchmarks are established providing concrete success guidelines for management, staff and for Caretech as your close strategic partner. With this data, we’re armed with the information we need to create opportunities for success for your facilities.

Caretech's diverse offering allows LTC facilities to customize their level of support. From the simplicity and effectiveness of our software tools to the complexity of supply usage analyses the facilities served become more efficient, more effective, and utilize resources more effectively. Whether the bottom line objective is to become more profitable, or to more effectively execute a primary philanthropic mission, Caretech’s forty percent increase in beds served in the last year demonstrates our ability to effectively stretch budget resources.

Procurement Services & Tools

Caretech Group is the sole licensed distributor of Caretrak™, a procurement management software product primarily developed for use in LTC facilities. The software is prepared with data as defined by individual facilities, installed and implemented into their procurement process. Training and ongoing technical support is provided as well. CareTech has further enhanced the basic Caretrak™ product into two further delineations; Caretrak Plus™, which empowers facility administrators with sophisticated reporting and analytical capability, and Caretrak Partner Plus™; which enables facility owners to turn over the entire Procurement and Accounts Payble function to Caretech. As a part of the program, Caretrak Plus™ and Caretrak Partner Plus™ clients are assured that they will stay within budget, and additional savings above and beyond benchmarks agreed to are shared. This strategic partnership incentivizes Caretech to continually devise innovative methods on behalf of its clientele, and delivers unanticipated funds to LTC administrators.

For more Information about our Caretrak™ products, please click here

Optimal Supply Utilization

The adage "penny wise and pound foolish" is often exemplified in the way many long term care facilities sacrifice quality products in return for saving a few cents per unit on a much inferior product. On the surface, a savings of $.05 a unit for incontinence products would appear to be a coup. But Caretech balances these savings against the quality of the new product itself. Will the new diaper require an increase in staff to cover more frequent changes? Will the quality of patient care quickly decline with an increase in bedsores? Will the same number of diapers last as long as the previous product or require more diapers per patient realizing a loss to the budget instead of an increase to available funds? Will anticipated savings be absorbed with a corresponding increase in freshly laundered linens? Gaining "optimal use" of supplies must be balanced against all the other factors related to the use of the supply itself. In other areas of the facility best practice reviews will ensure that full credit is taken and given in a wide variety of areas, and in some cases huge savings are realized in multiyear reviews of how the facility has been classified.