Pay just the right amount for your service contracts

Topics: Margin Performance, Finance

Pay just the right amount for your service contracts

July 31, 2013  |  Services Sourcing Impact

Right Size Your Scope to Maximize Savings

Purchased services typically represents 40-50% of a hospital’s expenses, but account for 10% or less of savings initiatives. Yet research shows that fixed-price services contracts that are negotiated and executed effectively drive significant value and reduce costs.

The right-sized scope involves looking across the market at all possible options and value levers, thinking about everything that “could be” and figuring out what actually makes sense based on your needs and market availability.

Rick Conlin shares how you can immediately drive down your operating expenses.

Get More Information

Learn how Spend Performance Solutions can help your organization's purchased services contracts.