3 Key Steps to Keep Your Savings Pipeline Rolling
The savings machine at healthcare organizations needs to be constantly humming along and making major strides in order to improve your bottom line and overall financial well-being of your organization. This savings machine has many names and disciplines tied to it but none are universally controlled like the non-salary expense world is in a healthcare system. For instance, Supply Chain has taken the lead to reduce the price of products, services, and technologies through strategic sourcing, GPO contracts, custom contracts, standardization, and much more. So much so that you can really refer to it as an engine that drives a healthier bottom line for every respective health system. But you must ensure that this engine is always primed and has a multitude of opportunities to put through the hopper in order to continually make major savings happen.
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