DOTmed September 24, 2021
In the last 18 months, purchased services have accounted for 34.8% of non-direct labor spending. With the Delta variant surge now digging into 2021 revenue gains and expenses rising, hospitals are looking at these third-party options to save on cost while maintaining operational efficiencies, according to Conductiv, a third-party spend optimization solutions provider and a consolidated subsidiary of Premier.
“In many cases, the urgency of sourcing new categories and implementing safety measures with on-site third-party service providers has highlighted the fragmented and unstandardized nature of supplier management for healthcare providers,” Chris Gormley, CEO of Conductiv, told HCB News.
Looking at 102 healthcare organizations that spent $49 billion on these services, Conductiv calculated significant cost savings with such services:
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