Purchased Services Benchmarking With Richard Dormer | E. 38
The good, the bad and the average of purchased services benchmarking.
In this episode:
The good, the bad and the average of purchased services benchmarking.
The seven types of purchased services benchmarking.
$1 million cost savings identified by VIE for one hospital on a single RFP.
Accurate benchmarking is not possible without the line-item details from your purchased services invoices.
GPOs do not always pass on cost savings to hospitals if they negotiate them mid-term.
Benchmarking by ratio or comparison should be avoided.
The most effective purchased services benchmarking is carried out with a holistic ‘’best practice’’ approach.
Successful benchmarking is not a one-time event.
The radio show is sponsored by VIE Healthcare Consulting; https://viehealthcare.com
Connect with Lisa:
📧 lmiller@viehealthcare.com
📱https://www.linkedin.com/in/lisamiller/