Hospital and vendor consolidation is bringing greater awareness to the savings opportunities that have been buried in non-clinical purchased services. And in a day when patient satisfaction is paramount, hospitals are looking for ways to assess and cut costs while maintaining or improving service levels.
Non-clinical purchased services are often viewed as “the cost of doing business” yet they account for about 80% of the hospital’s purchased service spend and up to 25% of operating expenses. Not to mention, non-clinical purchased services are one of the most mismanaged spends in all of health care.
It is evident that when properly managed, non-clinical purchased services can be a source of cost savings.