Improve Capital Purchasing and Service Contract Negotiations
TractManager clients can take advantage of expertise in professional vendor engagement and negotiations, service contract review, and on-site capital resourcing.
A proprietary Price Paid Database and data-driven quote analysis deliver process efficiencies and reduced costs across the equipment supply chain, including capital equipment, service contracts, and purchased services. More than 1,000 healthcare providers have had in excess of $3.1B in Capital purchases analyzed. They realized more than $280M in quantifiable savings using the Capital and Service Contract Negotiation solution.
Among the services offered:
SOS Sourcing Optimization Service – a pay-for-performance service that reduces capital equipment acquisition costs, streamlines workflow, and supports data-driven purchases. Using price benchmarking and capital quote reviews with evidence-based financial information, this service enables healthcare organizations to make better purchasing decisions.
RECON – an analysis of existing service contracts focused on reducing ongoing operational costs. Comparison of current costs with best available in our Price Paid Database, consolidation of same vendors, and standardization of contract dates, terms, and conditions delivers a more cost-effective approach.
OnSite Capital Resource (OCR) – An on-site employee to facilitate all stages of the capital equipment process – from design to activation. Obtain financial analysis/ROI, competitive sourcing, quote/contract negotiations, standardization support, owner representation, and other services.