Improve your bottom line by getting the most out of your purchased services
Maximize purchased service value to exceed your goals
Your healthcare organization provides excellent patient care and the best chance for positive outcomes. Its clinical core competencies are second to none.
But when it comes to the bottom line, is there room for improvement?
When clients come to us looking to cut costs and realize significant savings, we first analyze how they manage and maximize their purchased services. If they’re managing them at all.
What are purchased services in healthcare?
A purchased service is typically any non-labor spend a healthcare organization acquires from outside vendors rather than providing those services in-house.
These services are usually contracted or outsourced to vendors specializing in a particular industry or service offering.
We can provide expert oversight and support to the following purchased services at your organization:
- Clinical Engineering
- Food and Nutrition
- Patient Transport
- Environmental Services (EVS)
- Facilities Management
- Information Technology (IT) Solutions
Why is it important for healthcare companies to manage their purchased service spend?
In a stressed and stretched industry, healthcare organizations are learning to operate leaner without sacrificing critical services that promote excellent patient care.
Managing purchased services contracts helps control costs and:
Reduce expenses through better contract negotiation and reliable vendor selection.
Eliminate unmanaged spending by analyzing and categorizing expenses to pinpoint specific departments or activities contributing to uncontrolled spending.
Identify impactful savings opportunities by highlighting areas where cost-cutting measures can be implemented without negatively impacting performance.
Why choose Advantus for purchased service management?
We approach the Purchased Services space differently – we intentionally evaluate and build strong and trusted partnerships with our strategic suppliers and vendors.
These relationships result in long-term, innovative, service-orientated collaborative agreements that meet your needs.
To maximize your benefits, we provide insights and knowledge when negotiating purchased service contracts.
And we look for opportunities to help improve efficiencies and ensure you receive the best price.
Revolutionize your healthcare delivery
Advantus can transform your purchased services for enhanced patient care and organizational efficiency. By implementing our solutions, you’ll bring more value to your organization and better care to your patients by:
- Standardizing your operating procedures to ensure the delivery of consistent services
- Leveraging technological solutions to optimize productivity across your organization
- Developing a consolidated competency model to replace your siloed teams with cross-functional roles that drive exceptional results across all service lines
Advancing healthcare excellence through technology management
Our comprehensive and optimized health care technology management (HTM) program (also known as clinical engineering) completely manages all medical equipment services in a health care facility.
Our HTM program focuses on cost control, risk management and optimizing supply chain support. It covers ongoing maintenance, monitoring for and addressing recalls, disinfection and distribution, and more.
- Healthcare technology management for imaging, biomedical, and laboratory equipment
- Capital planning and asset optimization
- Rental equipment management
- Cybersecurity management
- Mobile equipment cleaning and distribution
Advantus & GE Healthcare – Building healthier futures together
Advantus & HHS – Extending Hospitality Services Expertise
Best-in-class hospitality management
Improve your patients’ experience and quality of services, all while reducing costs by implementing our best-in-class workforce training and talent management, standardized operations and digital solutions.
We’ve partnered with the best in hospital hospitality to help you boost:
- Food and nutrition programs to improve the patient experience
- Patient transport, with a focus on enhancing transport times
- Environmental services, including improved room turnaround times
Are you ready to learn how you can bring quality employer health services and solutions to your employees?
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