3 Powerful Tactics to Ensure Your Healthcare Organization Has a Foolproof “Closed-Loop Savings Verification” Process

After reading an article by David Shannon and Chuck Miller of Bain
& Company about “Closed-Loop Savings Verification” processes
(CLSV) in other industries, I discovered that this industry best
practice also mirrored what is happening in healthcare. More and
more, hospitals, systems and IDN’s CFOs are requiring their supply
chain professionals to verify their projected savings on every
savings initiative.

In my opinion, this is because too often savings are reported by
supply chain management to CFOs that never hits their healthcare
organization’s bottom line. To avoid this from happening at your
healthcare organization, here are three powerful tactics to ensure
your healthcare organization has a foolproof “Closed-Loop Savings
Verification” process that works