Contract Negotiations & Implementation Strategies for Purchased Services within a Single Facility or IDN's

Description:

Contracting strategies, negotiation, and centralized contract management processes can generate significant savings in one of the largest areas of spend. Purchased Services represents 20% of a facility's operating expenses and is generally overlooked as a savings opportunity, even though it can generate rapid savings. A team of Hospital Executives shares the lessons learned, implementation experiences, and savings they brought their facilities, focusing on the non-traditional areas of spend.

Learning Objectives:

• Define the non-traditional areas of operating expense.
• Articulate the service categories available within the scope of the engagement and average savings that can be achieved.
• Leverage contracting and negotiation strategies to centralize your own Purchased Services program.

Presenters:

• Andy Motz — Vice President & Chief Procurement Officer, Sisters of Charity Health System
• Doug Colburn — VP Operations, Midtown Medical Center
• Meredith Bass — Controller, Columbus Regional Health
• Todd Hamilton — VP Supply Chain, AmSurg
• Tom Chickerella — VP Supply Chain, Ardent Health Services