Elevating Supply Chain Management and Sustainable Costs
As the second largest operating expense, supplies comprise the largest opportunity for most hospitals to decrease costs and reduce care variability. The question for many hospitals is how do I reduce supply costs and variability without compromising physician preference and the quality of patient care? Traditionally, third parties assisting in addressing the issue of reducing consumable spends have fallen short in their mission to help. Solutions aren’t sustainable due to limited resources, static research tends to be outdated, and databases aren’t granular enough to identify items specific to your purchasing situation. A successful supply cost reduction program requires strategic decision support integrated with tactical recommendations grounded in evidence. MD Buyline now offers two solutions to ensure members identify and capture immediate and long-term savings in unexpected, often overlooked areas. With these solutions, healthcare organizations are now able to clearly identify, and take action on, reduced costs around their PPI and supply items, thanks to the rich, intelligent, granular nature of our data.Two New Consumables Solutions
Consumables Spend Analytics™
Consumables Spend Analytics is a state-of-the-art analytics platform that provides a more diverse, granular level of intelligent information never seen before in the industry. It’s the result of dynamic analytics in action. Our data doesn’t sit. Each day our members are provided with the most up-to-date data and transactions around the PPI and consumables supplies you’re reviewing.Specifically, Consumables Spend Analytics features:
- Comprehensive, streamlined data uploads
- Interactive analytics for quick identification of spend reduction opportunities
- Customizable filters to reveal only the information most pertinent to your purchasing situation
- Centralized platform that allows you to view purchases throughout an entire system, down to a single facility
Consumables Spend Management™
Analyst driven custom research, paired with our dynamic analytics and data, allows you to uncover and achieve sustainable pricing for PPI and supply categories while aligning your physicians. Additionally, Consumables Spend Management allows you unlimited access to our analysts during all steps of the acquisition process.Specifically, Consumables Spend Management features:
- Unlimited analyst consults
- RFI/RFP creation and support
- Scenario and construct price modeling
- Contract reviews
- Analyst driven data cleansing and support
- Comprehensive, streamlined data uploads
- Interactive analytics for quick identification of spend reduction opportunities
- Customizable filters reveal only the information most pertinent to your purchasing situation
- Centralized platform allows you to view purchases throughout an entire system, down to a single facility