Medpricer is pleased to announce the upcoming conclusion of its "Pulse of the Market" survey of healthcare executives involved in the supply chain. Alarming...
With continuously declining reimbursements, hospitals cannot afford to lose more revenue which is why it is more important than ever to recover patient payments...
Product benchmarking can be based on simple ratios related to volume, price and geography. However, in purchased services, ratio benchmarks provide no insight into...
Across the nation, the healthcare industry is facing severe financial crisis resulting in layoffs, cuts in services and “all sorts of terrible things”. Some of the...
What Does Benchmarking “Really” Mean in Purchased Services?
April 09, 2017
Purchased services benchmarking is distinctively different from medical/surgical and commodity products. Product benchmarking is easy in relation to purchased...
MaineHealth Uncovers Savings In Purchased Services
March 15, 2017
By Luis Soto and Emil Layacan
Cloud-based technology and external support helped MaineHealth improve its data collection and analysis, as well as its negotiation...
Why You May Not be Getting the Best Price on Furniture Procurement and What to do About it
February 22, 2017
Are you averaging 13% to 17% savings in furniture procurement? If not, read on because I have a process that will help you drive more savings in this area.
3 Ways eNegotiation is a Better Alternative Than Reverse Auctions for Purchased Services.
January 12, 2017
If you are looking for ways to dramatically decrease the costs of purchased services, you may want to consider eSourcing as a way to do this. There are two types of...
Why Most Purchased Service Benchmarks Don’t Work & What You Can Do About It – Part II.
December 19, 2016
Last time, we discussed why Purchased Services benchmarking requires a unique analytical approach that differs from the process of simply comparing product costs,...
Throughout my nearly ten years managing purchased service sourcing initiatives for health systems across the country, I’ve been provided countless third-party...
