Purchased Services Profiler

Actionable Data to Better Negotiate Your Purchased Services

At approximately 20% of total non-labor operating expense, service contracts are a key component of total expense for healthcare systems and surgery centers.

Transparency is here. If you run a hospital or ASC, you are addressing this already on the consumer front, because patients demand it. With average hospital margins shrinking and financial pressures mounting, that same sort of discipline must also be applied to what hospitals pay their vendors and suppliers.

Our Purchased Services Profiler solution provides transparency into key service options and pricing, empowering you to more quickly source and negotiate service contracts while achieving savings.

Core Functionality

  • Establishes category-specific metrics on which comparison are made
  • Provides data to compare service providers for each service offering
  • Help identify service contracts that are not market competitive
  • Enables collaboration between multiple stakeholders across an organization
  • Supports real-time benchmarking results on-demand
  • Provides key negotiation tips sourced from category experts

Our category analyses make it easy to stay abreast of all purchased services activities and contracts, so you have the historical context to make services negotiation decisions.

Client Management

As a company invested in your success, our Client Management team provides coaching and support for your initiatives. The team works collaboratively with you to help you learn the platform, integrate the analyses into your workflows and strategically pursue savings opportunities in a systematic way.

Our Client Management team acts as your trusted advisor, serving as an extension of your team.

Every member of the team has extensive supply chain, clinical, value analysis or group purchasing organization experience.

These seasoned professionals:

Work collaboratively with you to identify savings opportunities across the range of your non-labor expense

Help you develop a reporting system to measure the key drivers of your expense over time, as well as the results of your savings execution strategy

Provide market insights and assist with preparation for supplier negotiations

Relevant Insights & Resources

Here are some resources to provide you with additional insights about healthcare cost management and analytics.