Supply Chain Optimization
We have comprehensive operational and financial databases, supply spend metrics and revenue benchmarking that can help your hospital identify expense reductions and revenue enhancement opportunities within your supply chain. Our HealthTechS3 team can work with medical staff, department managers and executives to implement supply-chain best practices and reduce non-labor expenses. Supply chain metrics benchmarking reports, specifically targeted for the small community hospital, compare seven universally measured areas. Additional comparisons drill down to department level spending including, surgery and pharmaceutical costs.
GPO Utilization & Management
Through your group pricing organization (GPO), HealthTechS3 can help your hospital access negotiated pricing for the purchase of clinically effective products and technology at the best price possible. Our team can provide customer service support to assist with vendor selection, pricing and conversion to optimize savings for your hospital.
HTMS’s GPO Partner
HealthTechS3 offers its client hospitals the opportunity to realize extensive cost savings on supplies, purchased services and capital equipment through its GPO partner, MedAssets. Alignment with MedAssets provides access to contracts in cath lab, radiology, medical, non-medical, pharmacy, surgical supplies as well as capital equipment and IT supplies. Monthly reports provide detailed information to the hospital to identify areas for contract optimization and savings. Quarterly compliance reports provide feedback to administration comparing other similar hospitals. Drug expenses make up a large percentage of the overall supply chain costs. To help optimize the manufacturers’ contracts, savings opportunities are reported identifying specific drug substitutions and available generics.
Capital Equipment Budgeting
Working with MedAssets, annual capital equipment budgets are aligned with current contracts to provide a roadmap for your facility early in the process of evaluating and acquiring big-ticket items. Equipment pricing proposals are reviewed and validated to ensure all terms and conditions, warranties, and pricing is accurate. Engaging MedAssets Construction Services as part of your facility’s project provides overall project management tracking, monitoring and reporting resulting in 8-10 percent savings on subcontractor best bids.
Business Partnership Program
Through the Business Partner Program HealthTechS3 also offers access to leading healthcare vendors who offer competitive pricing on services such as marketing solutions, medical coding, pharmacy management services, revenue cycle, software, patient satisfaction survey services and more. LEARN MORE >>