It’s a fact of life in healthcare organizations today: Budgets are getting tighter, and staff resources are being stretched to the limit. One important place where a shortage of staff can hurt your bottom line is purchased services, which can account for up to 20% of a hospital’s operating expenses. With so many services, categories, vendors, and contracts to keep track of, it’s impossible to be an expert in every category. That makes it easy to fall behind – and that can cost you a lot of money.
Our Professional Services Team Is Ready to Help!
Our experts can act as an extension of your purchased services team. Experienced in dealing with more than 1,000 categories of purchased services, our consultants have the know-how to help your sourcing team map out a best practice workflow for purchased services. We can also show you how to improve your processes based on successful strategies implemented at other hospitals.
Drawing on more than 30 years of capital equipment, technology, consumables, and purchased services data, as well as current data trends and user satisfaction ratings, we’ll put our secure database of more than 3 million purchased services contracts to work for you.
- Analyze your contract repository and spend data to identify problems, focusing on categories with the most opportunity.
- Review what’s up for renewal over the next 12 to 19 months, and ensure you can negotiate the best terms and conditions.
- Tell you if your contracts are competitive.
- Identify your most significant savings opportunities and work with you to realize those savings.
Our team becomes your back-office partner, working alongside your staff. We also have a dedicated team of analysts providing consultative and advisory services that bring the strategy down to the actual category level.
Our experience and expertise give you exceptional insight into industry best practices. And with benchmark data for local, regional, and national vendors, we provide you with pricing benchmarks that are specific to your purchasing scenario.
Purchased Services savings fall straight to the bottom line. When you’re ready to move to real, quantifiable savings, please contact us.