The Process of Operationalizing Contracts to Support CQO

By AHRMM

AHRMM eLearning Image

 

Price: Member: $98.00 | Non-Member: $198.00

Continuing Education Credits (CECs): 2 hours

Order eLearning Course  

 

Supply chain departments manage the second largest healthcare expense after labor costs. Months after the time and energy that went into the contract negotiations, we find that costs are up and products are being purchased outside of contracts. The solution is to bridge the gap between contract execution and purchasing. Contract catalogs are a challenge to execute and manage and are not enough to reap the contract savings benefits. We must also manage the related data to achieve contract compliance. This interactive eLearning course teaches how to effectively operationalize contracts, resulting in an organized management process that will allow the entire organization to purchase quality products at the lowest cost.

Learning Objectives:

  • Explain the importance of the contracting function in supporting CQO initiatives.
  • Identify and assess challenges contributing to low contract compliance rates.
  • Describe tips for simplifying and standardizing catalog management to drive users to the correct formularies and increase contract compliance.

Related Resources

Press Releases
CHICAGO, July 23, 2020 — In partnership with the Association for Health Care Resource & Materials Management (AHRMM) of the American Hospital A
Guides/Reports
In partnership with AHRMM, Institute for Supply Management (ISM) is launching its first vertical ISM® Report On Business® in a critical services se
On-Demand Educational Webinars
Health care organizations continue to look for new ways to reduce costs. Ultimately, data, clinical integration, and engaging multi-disciplinary…
On-Demand Educational Webinars
Today, health systems are being forced to leverage disparate data from internal and external sources to drive business intelligence solutions. In…
On-Demand Educational Webinars
The rapid advancement of barcode scanning and RFID technologies coupled with improved interoperability has enabled a new level of data analytics that…
On-Demand Educational Webinars
The role of the supply chain is more important in health care than ever before due to the rising economic challenges that are faced today. This three…