Contract Negotiations & Implementation Strategies for Purchased Services within a Single Facility or IDN's
Price: Member: FREE | Non-Member: $99.00
CEC Hours: 1
Description:
Contracting strategies, negotiation, and centralized contract management processes can generate significant savings in one of the largest areas of spend. Purchased Services represents 20% of a facility's operating expenses and is generally overlooked as a savings opportunity, even though it can generate rapid savings. A team of Hospital Executives shares the lessons learned, implementation experiences, and savings they brought their facilities, focusing on the non-traditional areas of spend.
Learning Objectives:
- Define the non-traditional areas of operating expense.
- Articulate the service categories available within the scope of the engagement and average savings that can be achieved.
- Leverage contracting and negotiation strategies to centralize your own Purchased Services program.
Presenters:
- Andy Motz — Vice President & Chief Procurement Officer, Sisters of Charity Health System
- Doug Colburn — VP Operations, Midtown Medical Center
- Meredith Bass — Controller, Columbus Regional Health
- Todd Hamilton — VP Supply Chain, AmSurg
- Tom Chickerella — VP Supply Chain, Ardent Health Services
Related Resources
On-Demand Educational Webinars
Supply chain leaders share their processes and experiences in managing non-labor and non-personnel expenses.
Podcasts
Michael Brown, Director of Supply Chain Management and Eric Swaim, Manager of Strategic Sourcing and Vendor Management at Texas Children’s Hospital…
Webcast
AHRMM presents a four-part series on successful collaboration with suppliers.
On-Demand Educational Webinars
Purchased services typically represents over 20 percent of a healthcare system’s total annual expenditures. During this webinar, we discuss best…
On-Demand Educational Webinars
Budget Impact Analysis (BIA) is a type of analysis that can bridge organizational gaps to help improve coverage decisions for new products or…