We have the perfect solution for purchase services cost savings:
It’s called the multi-year strategy for purchase services.
Luis Martinez coins it. We’ve been talking about it for years, but he introduced me to this better wording in our recent podcast episode (liked below).
The muti-year strategy is about managing everything between contract signing and the end of the contract.
Such as:
- Having quarterly business reviews,
- Performing line item invoice reconciliation to your agreement,
- Talking to your frontline users about how these contracts are going,
- Doing true spend analysis to understand your spend in the contract,
- Testing the marketplace, and
- Preparing for the renewal (which Luis talks about in the podcast).
By managing in the middle, you'll get a deeper level of cost savings and keep your cost structure optimized.
If you want to talk about this multi-year strategy, please reach out to me or Luis.
Podcast episode with Luis Martinez: https://viehealthcare.com/healthcare-supply-chain-series-purchased-services-multi-year-strategy-with-luis-martinez-ep-13/
Subscribe Here: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw?sub_confirmation=1
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