Join your IDN Summit peers and uncover the three pillars of effective purchased service management: strategic spend optimization, robust governance frameworks, and utilization excellence. Through collaborative peer learning, explore actionable frameworks and best practices to develop purchased services into a strategic asset while balancing financial optimization, risk mitigation, and operational efficiency.  

1:30 PM - 3:00 PM

Purchased services account for a significant percentage of a health system’s non-labor expenses and can be critical to not only improving margins but optimizing operations as well. The complex financial landscape of purchased services extends far beyond simple cost accounting in your organization. Understanding the intricacies of service costs allows for strategic collaboration and communication within your organization. 

 

Join your peers to discuss the current status of your organization’s purchased service expenses and highlight best practices to optimize your operations and ensure cost savings.

 

Learning Objectives:
1. Identify opportunities for cost optimization across service categories.
2. Outline innovative ideas that balance cost containment with service quality.
3. Demonstrate a strategic understanding of your organization’s purchased services spend.
4. Assemble actionable frameworks for strategic financial management.

3:00 PM - 4:00 PM

Governance of purchased services is a critical mechanism for organizational risk mitigation and appropriate spend. Without proper purchased service management processes, many organizations can face difficulties in identifying areas of savings opportunity. Healthcare supply chain leaders must navigate complex regulatory environments while ensuring that service partnerships deliver measurable value and support organizational objectives.  

 

Discover proactive approaches to purchased service governance based on the experience of other organizations, and share learnings gathered from the real-world experiences of your own organization in this collaborative workshop.

 

Learning Objectives:
1. Define the role of governance in purchased services for your organization.
2. Evaluate relevant stakeholders in a system approach to managing all purchased services spend.
3. Construct risk mitigation strategies for service contracts based on peer feedback.
4. Outline ways for all spend to be effectively managed.

4:00 PM - 5:00 PM

Effective purchased service utilization demands a comprehensive understanding of your organization’s current purchased services and a clear knowledge of their scope and purpose. To improve the management and impact of purchased services, organizations must move beyond traditional tracking methods and implement innovative strategies that ensure optimal performance. Guaranteeing this optimization requires a careful evaluation of financial, operational, and strategic implications to maximize value.

 

Uncover transformational strategies for analyzing, managing, and optimizing purchased service utilization across your organization through the success stories of your supply chain peers. 

 

Learning Objectives:
1. Define effective utilization in your organization and what it looks like practically.
2. Compare purchased service utilization data with contract terms to monitor performance.
3. Identify contract gaps leading to purchased service discrepancies. 
4. Analyze steps for improving purchased service utilization moving forward.

For more information on the 2025 Spring Summit please contact Trey Beuttel at 859.523.5701.

Trey Beuttel
Director, Provider Relationships and Education
859.523.5701