Advanced Purchase Service Analytics that Average $2.1 to $4.1 Million in Savings – Beyond Price!
An innovative software system that takes purchase service cost management to a whole new level of savings beyond simple contract management
-Get the advantage of knowing where all of your savings opportunities reside at any given time.
-Get the advantage of high-level reporting that is unmatched in the healthcare environment.
-Get the advantage of knowing more than your vendors and how much you should be paying for their services.
The majority of progressive healthcare organizations have already performed initial reviews of contracting on purchase services through normal contracting channels and their group purchasing organizations, but have seen modest results. The reality is that there are bigger savings still residing in your purchase service contracts but are not uncovered because you are not tracking purchase services thoroughly.
The worst thing that can happen to any healthcare organization is for purchase service utilization costs to increase without knowing where, when, why, or how.
The simple truth is that most hospitals stop short on their purchase service efforts and open the door for costs to creep back into the same contracts that were just finalized. How does this happen? Because you are not continuing to monitor the costs of purchase services that represent 33% of your total hospital budget.
The Purchase Service Advantage:
-Continuously benchmarks costs (not price) of purchase services by major and minor categories.
-Provides ongoing monitoring for unfavorable trends in utilization.
-Drills down into vendor variances.
-Questions utilization costs beyond the contracts with vendors and key stakeholders.
Actual Results by Our Member Clients of Over 26:1
Purchase Service Advantage™ Software as a Service provides you with a turnkey system that takes care of all the heavy lifting involved with purchase service management. The PSA team of purchase service experts keeps your system up-to-date and ensures the accuracy of the reporting on ALL of your major and minor purchase services organization-wide.
PSA Software then alerts you and your staff of unfavorable trends and variances and offers solutions to help you realize potential savings through our SMART Success Model reports to quickly and easily save.
Frequently Asked Questions About Purchase Service Advantage™ Software as a Service
QUESTION: How much savings can Purchase Service Advantage Software really uncover for us?
ANSWER: Most hospitals realize approximately 11% to 18% additional savings on their overall purchase service budget by implementing Purchase Service Advantage™. If your supply budget is $25 million a year, you can realize $2.8 to $4.5 million dollars in additional savings beyond your contracting process.
QUESTION: If we already had an audit by our GPO or large consulting firm on purchase service contracts, do we really need a system to manage these after they save us so much?
ANSWER: Yes, you need a system as you have achieved the first level of savings through an initial audit, but what your GPO and consulting firms fail to implement is an ongoing tracking and alert system to let you know where your new savings reside moving forward. Remember, purchase services, like supplies, are utilized and purchased every day and should not be treated like a one-time event. The moment those new contracts are put in place there are new savings opportunities in the usage and utilization of those purchase service areas. You must have a system to make you aware of them!
10 Reasons Why You Should Deploy SVAH's Purchase Service Advantage™ Software as a Service
1. It can save you 11% to 18% on purchase services. It is much easier than managing your purchase services with spreadsheets.
2. It can uncover purchase service savings that are hidden from your view.
3. It can save you hundreds of hours of research and development.
4. It can make your job quicker, easier, and more productive.
5. It can find purchase service contracts you never knew existed.
6. It can give you a dashboard that will tell you all you need to know.
7. It can do the heavy lifting for you, so you have time to think.
8. It can keep you more organized and on top of your game.
9. It can capture all of your contracts' details in one place.
10. It is much easier than managing your purchase services with spreadsheets.
Best of all, it can give you the peace of mind that all of your purchase service contracts are under control, competitive, and waste free.
3:1 SERVICE GUARANTEE
To ensure that our offer to you is RISK FREE, we guarantee that if you don’t save twice as much as our monthly subscription fee after one year we will write you a check for double the fees you paid us for the service. That’s our promise to you – in writing!