Purchased Services are found all throughout Hospitals and often this spend is decentralized and not reported to Purchasing. QFS has been able to address 70% of a Hospital's Purchased Service spend with savings ranging from 5% to 33%.
The large disconnect between hospital cost reduction goals and physician preferences creates huge variability in cost and quality. In addition to the typically high price tags, physician preference items generally prove to be difficult supply to manage effectively. It's estimated that 60% of a hospital's total supply cost consists of PPIs. QFS can help to reduce those costs through benchmarks and standardization.
Throughout each engagement, QFS provides education and training to clients. Additionally QFS can provide no cost seminars to clients. Some of our seminars include, but are not limited to, "Insider Secrets to Savings", "Navigating the Landscape of Healthcare Negotiations", and "Better Benchmarking".
QFS takes a unique approach to the typical AP Audit by diving into the client's AP Spend and Accrual Reports to provide maximum savings and credits.
Each year, QFS manages dozens of RFPs for clients. QFS handles the entire process from creating the RFP, to engaging and contacting the various vendors to the final vendor implementation.
Understanding how supply expense related to reimbursement can uncover additional opportunities for your facility to consider.