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Cost Reduction through Partnering with Med-Mal Insurance Providers

Posted by Matt Clark on May 15, 2015 8:00:00 AM

Medical malpractice is a phrase that makes doctors across the nation blanch. Whether from claims that are justified or frivolous, our society is all too happy to pull the trigger on initiating litigation against health care providers who we feel haven’t done their job correctly.

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Topics: Purchased Services

How to Benchmark Your Capital Equipment Service Contract Spend

Posted by Chris Heckler on May 12, 2015 8:00:00 AM

Investment in capital equipment is a decision that shouldn’t be made lightly, particularly for health care organizations. There are many factors to consider when selecting equipment that best suits your needs, with the bottom line being the consideration of total lifetime costs associated with its use. Other factors may include:

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Topics: Purchased Services

5 Ways Hospitals Increase Their Purchasing Power with GPOs

Posted by Chris Heckler on May 8, 2015 8:00:00 AM

Some businesses—think Wal-Mart or Amazon in the retail world—buy a lot of stuff. Their high-volume buying enables them to extract better deals from their vendors, the kind of deals that smaller businesses simply don’t have the clout to command.

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Topics: Purchased Services

A Closer Look at Savings in Hospital Waste Management

Posted by Chris Heckler on May 5, 2015 8:00:00 AM

Hospital waste management is a system more complex than it first seems, involving a complicated group of disposal methods that can increase the burden of healthcare logistics on any organization. When it comes to different types of waste, healthcare facilities must use a strict set of guidelines to dictate the appropriate way to dispose of waste safely and effectively.

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Topics: Press Release

3 Ways to Better Manage Your Purchased Services Spend

Posted by Chris Heckler on May 1, 2015 8:00:00 AM

If you don’t know where you are, you’ll have a hard time getting where you need to be. For getting from one physical location to another, smart phones and GPS have largely made this problem a thing of the past, but it’s just as true for non-geographical things, such as financial goals. Hospitals are being asked to find opportunities to cut spending—but if you don’t know the current state of your spending, how will you know where you should start cutting costs?

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Topics: Purchased Services

5 Benefits of Outsourcing Your Hospital's Accounts Receivable

Posted by Chris Heckler on Apr 28, 2015 8:00:00 AM

Accounts receivable is an area not often considered when purchased services is brought up. This is likely due to the fact that the potential savings hospitals could realize from outsourcing this service is not well understood.

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Topics: Purchased Services

Hospital Document Management Part 5: Document Printing

Posted by Chris Heckler on Apr 24, 2015 10:39:03 AM

In previous posts of this series, we learned about why hospital document management matters and talked about three of the four main categories of document management: 

Storage

Scanning

Shredding

Today’s post focuses on the last aspect: printing.

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Topics: Purchased Services

Advanced Contracting Tip: Taking Advantage of Market Conditions

Posted by Chris Heckler on Apr 17, 2015 2:45:00 PM

Let’s face it. There are some companies that intimidate us when it’s time to negotiate a new agreement.  I’m not afraid to say it, and I’ve been doing this a long time. Technically, you might not be intimidated as much as you are feeling like you don’t have any negotiating power, which to me is a little intimidating. But that’s how these blue chip companies got so big in the first place. They make you feel like you have no other option or you might lose your job. What’s the old saying, “Nobody ever got fired for choosing IBM”?

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Topics: Purchased Services

The Biggest Myths About Hospital Purchased Services

Posted by Chris Heckler on Apr 7, 2015 8:00:00 AM

You might be surprised to hear that hospital purchased services categories are still not getting much attention in some organizations across the country. In fact, people often have misconceptions aboutwhat exactly hospital purchased services are and how much they are spending on them. Therefore, we decided to help clear up the confusion.

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Topics: Purchased Services

Reference Labs: Choosing a Primary Vendor

Posted by Chris Heckler on Apr 3, 2015 8:00:00 AM

Do you know how many reference labs your hospital is using? If it’s a question you haven’t considered, you’re not alone: most hospital executives aren’t aware of how many reference labs their hospitals rely on. We pulled the average number of reference labs being used across the 60+ hospitals within Valify, and I’m surprised to inform you that it’s 15 unique vendors.

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Topics: Purchased Services

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