What is Savings Validation and Why is it Important?
The genesis of the savings validation concept came up on our radar screen when SVAH’s staff repeatedly observed hospitals, systems, and IDNs booking GPO and locally negotiated or initiative savings that failed to materialize. We are talking about multi-million-dollar year-over-year cumulative losses for hospitals, systems, and IDNs annually. This fact should be important to you for the following reasons:
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