Closed-Loop Savings Validation Turns Estimates and Promises Into Real-Time Results
The Ultimate Automated Supply Savings Tool
Know With Certainty That All Savings Brought On by Contracting, Value Analysis or Other Means Has Taken Hold and is Sustaining
All Non-Salary Savings Projections Need to be Verified
The typical hospital, system, or IDN’s supply chain management department will project and then report to their senior management the estimated savings for a finalized price, standardization, value analysis, or utilization project based on the commodity’s prior purchase history, but rarely, if ever, verify that the savings are achieved down the road. Wouldn’t you agree that this is fuzzy math?
This is a Universal Challenge that Now Has a Solution
SVAH’s studies show that less than 64% of the savings that are reported each year to a healthcare organization’s senior management does not hit their bottom line because of compliance issues due to product upsells, inadequate training, too much product variation, etc. That’s why all non-salary savings projections need to be verified quarterly, annually, and for the life of the contract.
Enable Automated Performance Based Contracting Now!
Now the wait is over, as we have finally cracked the code to provide patient volume centric reporting to show the total cost of product standardization, value analysis, and contract changes in one simple reporting module. No more drawn out spreadsheets or data mining, no more reinventing the wheel, and no more guessing whether we brought about the results we worked so hard to achieve.
Schedule Your Free No-Obligation Demonstration of SupplyValidator Today
Take your supply chain savings machine to a whole new level of vendor and initiative performance.