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Survey Respondents Report Unmanaged Purchased Services; Missed Savings Leave HC Organizations More Vulnerable to Financial Pressure

June 21, 2017

Medpricer is pleased to announce the upcoming conclusion of its "Pulse of the Market" survey of healthcare executives involved in the supply chain.  Alarming...

Improve Cash Flow by Sourcing the Right Revenue Recovery Partner in Healthcare

June 05, 2017

 With continuously declining reimbursements, hospitals cannot afford to lose more revenue which is why it is more important than ever to recover patient payments...

Supply chain tip of the day: Use precision benchmarking for purchased services

May 31, 2017

Product benchmarking can be based on simple ratios related to volume, price and geography. However, in purchased services, ratio benchmarks provide no insight...

The #1 Way Your Health System Can Avoid Layoffs and Service Cuts

May 04, 2017

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...

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...

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...

Why Most Purchased Service Benchmarks Don’t Work & What You Can Do About It.

December 05, 2016

Throughout my nearly ten years managing purchased service sourcing initiatives for health systems across the country, I’ve been provided countless third-party...