13 Contracts Hospitals Should Review to Save Money

Vendor contracts often collect dust within many organizations, hospitals included, but re-evaluating those contracts could result in savings to hospitals’ bottom lines.

Advertisement

According to SIB Development & Consulting, hospitals can find savings in several different areas of vendor contracting, including:

•    Uniform/laundry
•    Landscaping
•    Travel
•    Payroll service
•    Debt restructuring
•    Cost segregation
•    Leasing
•    Freight/shipping
•    Maintenance
•    Janitorial
•    Advertising
•    Computer hardware
•    Software

More Articles on Hospital Savings:
The ROI of Evidence-Based Hospital Design
Study: Collaborative Care Model for Depression, Dementia Could Save Billions
7 Waste Disposal Areas Where Hospitals Can Save Money

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.