Expectations have never been higher for hospital supply chain teams to identify and pull-forward savings opportunities. In this session, healthcare executive advisor, Neil Olderman, discusses best practices to consider in the vendor selection process and using competition to deliver guaranteed realized savings that hit the hospital’s bottom-line. Neil describes the steps he follows from assessment to agreement and pitfalls to avoid. Additionally, the Innovative Health Strategies™ team, a wholly owned subsidiary of Faegre Drinker Biddle and Reath LLP, gives a market update on new and creative approaches to generating near-term savings in high-cost, high impact service lines.   

Learning Objectives:

1. Outline the key considerations for each step of the vendor selection process.
2. Discuss potential obstacles, from assessment to agreement, to a successful vendor selection.
3. Evaluate new approaches to generate near-term savings across a variety of service lines