Validate and VerifyHow to Establish Healthier Vendor Relationships During and After the Pandemic
A white paper by:
Tina M. Hatlee, CMRP
Senior Analyst, TractManager
Tom Watson, BS, RCVT, RDMS
Senior Clinical Strategist, TractManager
As part of TractManager’s ongoing commitment to innovative thinking in healthcare contracting, strategic sourcing, and provider management, this white paper is the latest in a series dedicated to improving your healthcare organization’s financial health.
Validate and Verify: How to Establish Healthier Vendor Relationships During and After the Pandemic
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. Enormous financial losses have amplified trends that were pressuring industry margins long before anyone had ever heard of COVID-19. However, the pandemic can also enable healthcare organizations to reimagine aspects of their business and position themselves for success in a post-pandemic world. Restructuring your vendor relationships in ways that reflect the new normal is one important opportunity that can result in healthier relationships and stronger bottom lines.