Activating Physician-Led Supply Award Decisions
Rush University Medical Center preserves physician choice and drives savings
Topics: Cost Management, Margin Performance, Finance, Supply Chain, Spine, Orthopedics, Service Lines, Cardiovascular, Hospital-Physician Alignment, Physician Issues, Physician Preference Items
About the Webconference
Identifying supply cost savings seems like a never ending game; even the best organizations face tightening margins and aggressive targets. Organizations encounter, at best, indifferent physician involvement in supply cost decisions. More often than not, hospital leaders are forced to burn hard won relationships to secure preference item choice concessions from physicians.
Rush University Medical Center, through their work with The Advisory Board Company’s Strategic Sourcing Management initiative was able to escape that cycle by leveraging our approach of preference-focused co-sourcing, and uniquely identify and unlock latent value in their supplier relationships. The Advisory Board prioritized physician preferences across large segments of spend in orthopedics, interventional cardiology and radiology, and spine surgery, allowing Rush access long-buried pockets of potential value.
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More Information
To learn more about Strategic Sourcing Management, or to speak with our experts, please contact Sean Sullinger at sullinges@advisory.com or 202-266-6816.
