Purchased Service Trends and How to Maximize Your ROI

Date(s) - - 12:00AM CT

Hospitals allocate nearly 30% of their operating budget to purchased services, that is nearly $100 billion per year. This number will only continue to grow as industry trends show that purchased services will increase by 13% over the next five years, putting even more strain on healthcare providers’ finances. However, the good news is that studies also show that purchased services can be reduced from by 10% to 30%, much more than typical physician preference items and standard medical capital equipment, directly impacting the hospital’s P&L.