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MD Buyline’s Purchased Services Program identifies over $660,000 in savings on M*Modal contract

Jamie Plunkett — Tue, 07 May 2013 17:47:03 +0000

A multi-facility system in the Midwest with a $200M annual Purchased Services spend was attempting to add new modules to an existing transcription contract with M*Modal and centralize facility level contracts. M*Modal leveraged the fact that they were already fully integrated into the system’s EMR platform and submitted a new contract with drastic changes to terms and pricing. The system’s consulting firm reviewed the new contract and recommended signature, but the system asked MD Buyline to take one more look.

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Purchased Services/Contracted Services

Jamie Plunkett — Thu, 02 May 2013 15:41:11 +0000

In a world of shrinking hospital budgets and growing economic pressures, progressive finance departments are looking for new ways to reduce costs in their service lines. One quick and seemingly low risk method is by utilizing purchased services/contracted services. These encompass a wide range of products, including professional and technical services such as contracted pharmacies, emergency room and other physician staffing services. Examples of contracted or “routine” services include repair services, small equipment rental, laboratory testing services, construction services, IT and other support services.

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2013 Legislation Opportunities

Jamie Plunkett — Thu, 07 Mar 2013 19:07:02 +0000

Since 1980, healthcare spending has grown tenfold to over $2.6 trillion per year, which accounts for nearly 18% of the United States’ GDP. This rise in spending and its effect on the economy along with the social impact associated with healthcare costs has led it to become a major priority for policy makers. In particular, hospital care and physician/clinical services have been the focus of several legislative directives since they account for over half (51%) of all healthcare expenditures. The remaining expenses, associated with retail, nursing home and other personal care expenses are also being targeted but are not a prime focus of the Patient Protection and Affordable Care Act and the Taxpayer Relief Act.

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2013 Reimbursement Opportunities

Jamie Plunkett — Thu, 10 Jan 2013 22:32:54 +0000

Positive reimbursement can be a key factor in determining the financial viability of a service line. For 2013, most service lines will see market basket increases; however, one thing to keep in mind is, across the board, value-based programs under the Patient Protection and Affordable Care Act will start to kick in. Negative payments under the readmission reduction program and never events will be the first to make a major impact in the industry. In addition, hospitals will see reimbursement penalties if quality and patient satisfaction goals are not met. Because of this, not all budget committees will be driven by increased reimbursement incentives, but instead by technologies targeted to improving value directives.

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McLaren Health Care standardizes its imaging equipment using an MD Buyline side-by-side comparison

Loretta Loncoske — Thu, 13 Dec 2012 23:32:55 +0000

McLaren Health Care, a large system in the Great Lakes region, had a newly acquired facility and needed to update it to the Philips MRI technology used by the rest of the system. The facility was a long-standing Siemens customer, and seemed committed to using Siemens’ MRI technology. McLaren engaged MD Buyline for more information regarding the two technologies, so they could convince the facility to make the switch.

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Froedtert Health Achieves Maximum Savings on Imaging Equipment with Buyline Capital

Lori Webb — Mon, 10 Dec 2012 22:05:39 +0000

Froedtert Health, a large system in Wisconsin, had a mandate from the Executive Director of Radiology to standardize three of their facilities to the McKesson PACS system that had already been successfully deployed through several facilities. Despite the fact they were a current McKesson PACS customer, they ultimately felt they were not seeing the discount they deserved. Because of this perception, Froedtert set out to engage MD Buyline.

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Top 10 Emerging Technology Opportunities

admin — Mon, 05 Nov 2012 23:37:35 +0000

New legislation, the need to control costs and a shifting population mix is changing the way providers look at new technology. These are all key factors in driving new trends and emerging technologies. High dollar items such as robotics and imaging systems will continue to catch the eye of leading edge providers. But the next generation technology has a broader target focused on providing solutions to address value to both the patient and the payor.

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The Impact of Consumables and Implant Costs on Your Bottom Line

James Laskaris — Mon, 08 Oct 2012 21:58:31 +0000

Health care market trends over the past decade have made it increasingly difficult for hospitals to provide the services demanded of them while maintaining financial viability. Ever-shrinking profit margins and red ink are the result of growing expenses, flat reimbursement rates and over-utilization. A hospital has very little control over reimbursement and utilization, but shrewd control of supply costs can go a long way in improving a facility’s fiscal health. Unlike most other expense areas, supply costs are negotiable and provided the right tools and information, a hospital can potentially save millions.

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Evidence-Based Maintenance Change Could Mean Big Dollars

admin — Thu, 06 Sep 2012 13:38:55 +0000

Safety has always been a primary focus for hospitals. Traditionally, hospital plant and clinical engineers are given the lead when modifying routine manufacturer recommended maintenance schedules and protocols. Equipment that proves to be very reliable or has limited use can have less frequent routine maintenance, maximizing affordability without compromising patient safety.

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Health System Improves Patient Care & Reduces Cost

admin — Thu, 23 Aug 2012 15:23:56 +0000

The value analysis team at a health system in the Northwest was tasked with reducing its hospital-acquired infections
(HAIs) rate, which was 5% higher than the national average.

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