Here’s our zero-based budgeting approach for purchase services:
In this, you need to validate every single line item spend in your department.
It sounds like a massive undertaking.
To find out more about Using Zero-Based Budgeting For Your Purchase Services Strategy please visit: https://www.thehealthcareleadershipexperience.com/
This video covers the following subjects:
-Zero-based budgeting advantages
-Zero-based budgeting steps
-Zero-based budgeting process
-When should zero-based budgeting be used?
-What is the main point about zero-based budgeting?
One thing I saw when I was searching for information on Using Zero-Based Budgeting For Your Purchase Services Strategy was the lack of relevant info.
Using Zero-Based Budgeting For Your Purchase Services Strategy, however, is a subject that I know something about. This video for that reason should matter and be of interest to you.
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But it delivers huge results even if you modify it a little bit.
You must justify every single spend - not in the aggregate, not 5% less than last year, or not based on gut feel.
For example, you could say, “We did 1,300 one-on-one dialysis cases last year,” or “We did 5,000 specific XYZ lab tests last year.”
These details matter because if you have a budget issue going forward and you're basing it on 5% less than last year, how will you know what to address?
That’s why you must justify the contracts of your purchase services spend and pull out the line item details so that you have a true real budget.
How do you budget for your purchase services spend?
I'd love to hear from you in the comments.
P.S. If you need any help, we could support your departments with our zero-base budgeting approach to purchase services.
If you would like to discover even more regarding zero-based budgeting advantages I suggest you look into our other video clips: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw
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