Podcast 87 - Savings Beyond Price - You Control the Faucet

Let’s face it, inflation, clinical labor shortages, and market
conditions are doing a number on our health systems’ bottom lines
and forcing organizations to find new and better ways to eke out
costs while maintaining quality and outcomes. This is easier said
than done. Group purchasing organizations and your own custom
contracting are readjusting to the new normal, but inflation has
taken away the majority of what I call “home run savings
opportunities” that we once had. There are still some singles and
doubles with savings that can add up, but they just aren’t what
they used to be, nor can they alleviate the hit our health systems’
bottoms lines are taking. None of this is new to anyone in the
healthcare industry, we all know what the market conditions are.
The big question is, where are we going to get the next major level
of savings to start hitting doubles, triples, and even home runs
again in the savings department?