Finally, a system to validate the actual financial results of any and all supply expense contracts. SVAH Solutions introduces SupplyValidator™ (The Ultimate Vendor Compliance Monitoring System) to validate a vendor’s contract savings, hold vendors accountable for their promises and guaranteed results while uncovering all your hidden contract savings that are going unreported.
Skippack, PA (PR Web) November 1, 2017 – Robert T. Yokl, President and Chief Value Strategist, SVAH Solutions (SVH) announced today the release of its new SupplyValidator™ (The Ultimate Vendor Compliance Monitoring System). Yokl stated that, “We see a new trend bubbling up at all healthcare organizations: Value-Based Performance Contracts. This is where directors of supply chain mandate that their vendors guarantee their contract’s lifecycle costs over the term of their contracts. No longer will price be the only determining factor on future contracts.
“It comes down to this”, Yokl says, “Value-Based Purchasing by healthcare organization now mandates a change in supply chain contracting methodologies. For example, a healthcare organization signs a fixed cost Value-Based Contract with a third-party payer. Correspondingly, their supply chain director also needs to sign Value-Based Performance Contracts with their vendors to be assured that their supply total cost will not rise one cent over the term of their hospital’s Value-Based Purchasing Agreements. This is a whole new way of doing business that our SupplyValidator™ can help ensure that these savings happen as planned or calculate what a vendor owes to a hospital, system or IDN at the end of their contract term.”
Just as important, the SupplyValidator™ can help supply chain departments to capture more savings that wasn’t anticipated at the outset of a Value-Based Performance Contract. For instance, a client of SVAH calculated $32,000 at the outset of an agreement on a floor glove contract and 18-months later saved $92,000. Their supply chain director agreed that if his hospital wasn’t employing the SupplyValidator™ they would never have captured this extra unreported savings.
Traditionally, supply chain managers haven’t focused on lifecycle contract cost with any intensity. However, now that your hospital, system or IDN will be at risk with at least half or more of their Value-Based Purchasing Contacts, supply chain managers need to ensure that the total cost for any of their commodities will be fixed a period. This can only be accomplished by measuring, managing, rewarding and penalizing your vendors when warranted by employing a tool like the SupplyValidator™.
If you would like to see how the SupplyValidator™ can help your hospital, system or IDN to validate the actual financial results of any and all supply expense contracts just sign up for a FREE demo at www.supplyvalidator.com.
About the Company: SVAH Solutions (SVAH), Skippack, Pennsylvania, is a software, training and consulting firm specializing in value analysis, clinical supply utilization management and vendor compliance management. SVAH’s mission is to give its clients greater control over their supply chain expenses by providing them with better information, better focus, and better systems so that they can make better decisions on their healthcare organizations second biggest expenditure.