April 24

Podcast 46 – 3 Powerful Tactics to Ensure Your Healthcare Organization Has a Foolproof “Closed-Loop Savings Verification” Process

0  comments

After reading an article by David Shannon and Chuck Miller of Bain & Company about “Closed-Loop Savings Verification” processes (CLSV) in other industries, I discovered that this industry best practice also mirrored what is happening in healthcare. More and more, hospitals, systems and IDN’s CFOs are requiring their supply chain professionals to verify their projected savings on every savings initiative.

In my opinion, this is because too often savings are reported by supply chain management to CFOs that never hits their healthcare organization’s bottom line.  To avoid this from happening at your healthcare organization, here are three powerful tactics to ensure your healthcare organization has a foolproof “Closed-Loop Savings Verification” process that works


Tags

bottom line, CFO, closed loop savings system, Podcast, projected savings, savings, supply chain management, verification


You may also like

5 Important Things for Hospital Value Analysis and Supply Chain Professionals to Think About as We Roll Into 2025

5 Important Things for Hospital Value Analysis and Supply Chain Professionals to Think About as We Roll Into 2025
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!