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.

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By: Staff

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

The hidden revenue loss hospitals rarely see until it's too late

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