Control costs and increase compliance by combining your healthcare contracting and ERP solutions.Are you paying your vendors more than the contracted rate? Are your providers compensated in accordance with federal regulations? ...
Strategic Sourcing Articles
Strategic Sourcing Resources
Control costs and increase compliance by combining your healthcare contracting and ERP solutions.Are you paying your vendors more than the contracted rate? Are your providers compensated in accordance with federal regulations? Answering these questions isn’t always
Analyze your contracts and spend data to identify savings opportunities.COVID-19 is continuing to devastate hospital volumes, revenue, and operating margins. Hospital operating margins for January–November 2020 were 56% lower compared to the same period in 2019. ...
Standardize decision-making processes and evaluate clinical evidence to improve outcomes while containing costs.Choosing the right drugs and medical devices is critical for patient safety and cost containment. Ensuring patent safety is essential for healthcare ...
Establish More Transparent Supplier Relationships to Prevent Supply Chain Overspending.Are you paying too much for capital equipment, med-surg supplies, and outsourced services? If your relationships with your suppliers are too friendly, you may be.
Unhealthy ...
Analyze your spend and contracts to reduce leakage and save money.Healthcare organizations must control their non-labor spend to combat shrinking margins due to COVID-19. Purchased services—such as waste management, blood services, and elevator maintenance— account
In a Healthcare Purchasing News article published Feb. 17, 2021, TractManager’s Barry Dyer talked about the precautions supply chain personnel should take in dealing with their suppliers, especially in view of pandemic-induced financial pressures.
“The pandemic ...
In a Healthcare Purchasing News article published Dec. 21, 2020, TractManager’s Eric Slimp and Michael Costantini offered their views on how supply chain administrators in healthcare organizations can look for savings in the realm of purchased services. They ...
The Challenge: The medical equipment market in the U.S. exceeds $8 billion a year. Providing service and maintenance for the complex equipment found in today’s hospitals is an expensive proposition. After spending millions of dollars on sophisticated imaging equipment …
It’s critical your organization has a game plan in place to keep your costs in check and your budget balanced.Joe Biden’s presidency came with the promise of making healthcare more affordable and accessible. The president recently took the first step toward that ...
Measure It to Manage It: Beginning the Journey to Hospital Financial Wellness
The financial health of your healthcare organization needs to be your top priority. Analyze clinical, financial, and operational data to uncover opportunities to improve your processes, systems, and bottom line.