Cost Reduction News

Cost Reduction News 2017-11-08T17:24:01+00:00

In The Press

EMN Continuing to Make History.

10 Action Steps to Maximize Your GPO Savings

Healthcare facilities are usually shocked when we tell them expenses for supplies could be as much 28 percent lower just by taking better advantage of GPO (Group Purchasing Organization) contracts. They thought they were getting full advantage of their GPO just by signing up. But in fact, it’s like signing up for a gym. Look at these two guys pictured below. Both of them have the gym membership, but only one of them is taking advantage of it.

9 Simple Ways Your Medical/Surgical Facility Can Reclaim Thousands of Dollars in Lost Savings. Part 5 of 9

It’s not unusual to find a facility that’s placing several purchase orders per week or even per day with the same vendor. This gets very pricey when you consider that it usually costs about $100 in administrative costs to produce 1 purchase order. That's not counting the shipping costs associated with smaller orders that do not meet the minimums for free shipping.

9 Simple Ways Your Medical/Surgical Facility Can Reclaim Thousands of Dollars in Lost Savings. Part 3 of 9

Failure to consolidate vendors is a common example of a bad leak in ASC spending. Contracting with too many vendors means you have high administrative costs, extra shipping costs and an increased overall hassle. In addition, many vendors are willing to reduce prices in exchange for an exclusive contract.

9 Simple Ways Your Medical/Surgical Facility Can Reclaim Thousands of Dollars in Lost Savings. Part 2 of 9

During my 25 years working on materials management for medical and surgical facilities, every facility I ever dealt with had significant leaks in its spending “bucket” for supplies and services. These leaks routinely amount to tens of thousands of dollars in lost savings that the owners and operators aren’t even aware of.

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YOUR Medical/Surgical Facility Can Reclaim Thousands of Dollars in Lost Savings

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