In a prior post, we analyzed the many potential spending pitfalls that healthcare organizations face as they work to recover from the financial hit the COVID-19 pandemic has delivered. As any healthcare executive knows, managing ...
Spend Management Articles
Spend Management Resources
In a prior post, we analyzed the many potential spending pitfalls that healthcare organizations face as they work to recover from the financial hit the COVID-19 pandemic has delivered. As any healthcare executive knows, managing spending without compromising care ...
How to Establish Healthier Vendor Relationships During and After the Pandemic: The COVID-19 pandemic has upended every aspect of daily life. Health systems and hospitals are no exception, especially because the pandemic exposed the myth that healthcare is recession-proof.
Group Purchasing Organizations (GPOs) provide an important service for hospitals and health systems. History tells us the volume-based purchasing that GPOs offer does indeed garner discounted pricing.
However, hospitals and health systems should not assume a ...
Reducing healthcare costs is no longer sufficient. Leaders must focus on delivering high-value care by improving processes and reducing costs without sacrificing clinical outcomes. When making decisions regarding physician preference items, a capital purchase, a ...
Let us guide you to financial health with these 3 real-life examples. TractManager’s Strategic Sourcing Cashflow Solutions are focused on helping you reduce the cost of care while delivering better outcomes. Strategic sourcing is an ongoing process — one that can ...
Beginning the Journey to Hospital Financial Wellness – While hospitals and health systems have gotten better at promoting healthy habits and preventive strategies for common threats to individual and population health, they have struggled to maintain their own ...
The COVID-19 pandemic will have profound impacts on the way healthcare is delivered and consumed. Healthcare providers are being challenged to provide services with social distancing in a very social industry. When exploring Telehealth solutions, how do you know ...
Whether it is a basic vital signs monitor at the physician’s office or a multi-parameter, full-screen monitor in the Intensive Care Unit, physiologic monitors provide the foundational information for a multitude of care-related decisions.
Until recently, the
Collaboration with others leads to all success, whether producing innovation, growing a business, or reducing costs. While people talk about how collaboration is the key to success, one question comes to mind: How do you make cross-departmental collaboration occur ...
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.