Name
Financial Performance Track: Savings Beyond Price
Date & Time
Monday, August 26, 2024, 1:00 PM - 2:00 PM
Location Name
Grand Canyon 7
Track
Financial Performance Track
Description

When considering areas for potential savings, it can be instinctual to fixate on price. However, price reductions are only one way of many to combat high costs.

This session will explore other opportunities beyond contract bid calendars such as improving GPO admin fee shareback, clinical lab outsourcing, different ways of approaching support services like clinical engineering and food service, clinical services like perfusion or hospitalist services among other ideas.

Learning Objectives

1. Evaluate the source of your organization’s savings opportunities.

2. Identify areas of strength where your organization is already prioritizing savings beyond price.

3. Analyze savings opportunities beyond traditional contract categories.

4. Draw conclusions based on examples to determine areas for growing savings.

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