Category: Purchased Services

Streamline Purchased Services Analytics

How to Streamline Purchased Services Analytics

By : | Published On : May 22, 2015

analytics_process

Many times, data analysts and contract negotiators find themselves neck deep in what seems to be garbage or uncategorizable data. This leads to wasted time and increased frustration that could be better spent finding savings opportunities instead of data scrubbing.

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Med-Mal Insurance Providers

Cost Reduction through Partnering with Med-Mal Insurance Providers

By : | Published On : May 15, 2015

med-mal-partnership

Medical malpractice is a phrase that makes doctors across the nation blanch. Whether from claims that are justified or frivolous, our society is all too happy to pull the trigger on initiating litigation against health care providers who we feel haven’t done their job correctly.

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Purchased Services Spend

3 Ways to Better Manage Your Purchased Services Spend

By : | Published On : May 1, 2015

purchased-services-spend

If you don’t know where you are, you’ll have a hard time getting where you need to be. For getting from one physical location to another, smart phones and GPS have largely made this problem a thing of the past, but it’s just as true for non-geographical things, such as financial goals. Hospitals are being asked to find opportunities to cut spending—but if you don’t know the current state of your spending, how will you know where you should start cutting costs?

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Market Conditions

Advanced Contracting Tip: Taking Advantage of Market Conditions

By : | Published On : April 17, 2015

Let’s face it. There are some companies that intimidate us when it’s time to negotiate a new agreement. I’m not afraid to say it, and I’ve been doing this a long time. Technically, you might not be intimidated as much as you are feeling like you don’t have any negotiating power, which to me is a little intimidating. But that’s how these blue chip companies got so big in the first place. They make you feel like you have no oth er option or you might lose your job. Whats the old saying, Nobody ever got fired for choosing IBM?

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Start Saving

Hospital CIOs: Is Now the Time to Start Saving?

By : | Published On : February 17, 2015

The hospital CIO is in the middle of the perfect storm. Regulatory forces such as Meaningful Use and ICD-10 demand that they accomplish Herculean efforts in short time frames with limited staff. Growing security threats force hospitals to adopt stringent risk and security postures, which often make it harder to accomplish larger projects.

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Identify Savings

5 Steps to Developing a Stellar Purchased Services Program

By : | Published On : February 13, 2015

Are you taking advantage of potential savings opportunities in your purchased services contracts the same way you do in other areas?

Tackling purchased services can be tough, but focusing on your spend and discovering savings can breathe new life into your bottom line.

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Food Services

A Look Into Food Services (Part 1)

By : | Published On : February 10, 2015

food services

When people think about purchased services within a hospital, the first few areas they think about are departments that typically get outsourced like Housekeeping, Food Services, and Clinical Engineering. Today, I will spend some time discussing the decision process of one of these big 3 spend areas: Food Services.

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Purchased Services Assesment

How Much Are You Getting Out of Your Purchased Services Assessment?

By : | Published On : January 27, 2015

purchased-services-assessment

You paid somewhere between $50,000 and $150,000 for a consultant (or GPO) to complete a purchased services assessment for your health system. It most likely took them 6-12 weeks to complete, and they identified millions of dollars in savings opportunities. Congratulations! Now what?

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Goals of Purchased Services

How to Reach Your Savings Goal in Purchased Services

By : | Published On : January 23, 2015

 

Since I have the pleasure of meeting with a few different healthcare executives each week regarding purchased services, I have the unique opportunity to hear what’s going on in the real world. One of the biggest reasons our company is being brought in is due to a new trend VPs and Directors of Supply Chain/Procurement are facing. They are being tasked with finding millions of dollars of savings within their purchased services categories.

Not only that, the C-suite (and most likely the board) is not allowing these VPs and Directors to simply say, Yes, sir/ma’am and then scramble to figure out where to find the savings later on. They are requiring them to build a specific work plan on how they are going to achieve it.

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