News from one of my partners:
Hospice saves on medical supplies Savings help address diminishing government reimbursements
Hospice saves on medical supplies Savings help address diminishing government reimbursements Neczus’ Expertise in Health Care
The client is a hospice in North-Central Florida that provides support for patients and their families in their own homes, assisted living centers, skilled nursing facilities, hospitals and hospice houses.
Medicare, Medicaid and most insurance companies cover the care given by the nonprofit organization. Given the current economy, diminishing government reimbursements and a trend toward extended hospital stays for the terminally ill, the hospice wants to continue to provide high-quality care as cost-effectively as possible.
The organization asked health care industry experts with Neczus to review its expenses for medical supplies. Neczus Consultants found both “hard” savings (money) and “soft” savings (process improvements) that will help the hospice continue to fulfill its mission. Market knowledge, proprietary tools, project experience and implementation assistance Using Neczus’ proprietary suite of RFP tools, Consultants were able to gather extensive and detailed information from suppliers. Neczus experts weighed supplier responses based on several criteria important to the hospice, including quality, availability of electronic inventory management tools, shipping charges and price-change notification policies.
They also reviewed existing and proposed contracts for improved pricing, incentives and discounts; arranged a “Vendor Day” so that suppliers under consideration could present alternative products that offered substantial savings; and assisted in implementation with a 60-day transition period after contract signing to ramp down incumbent supply.
Industry: Health Care Expense: Medical Supplies Client ROI: $5,625/hour Suppliers: New Net Savings: 10%
Other successful industry projects Neczus has handled many successful expense- reduction projects for the health care industry. Expenses reviewed include: Bank Fees Cleaning Services & Supplies Employment Services (including Contract Nurses) Food Services Freight Insurance – Workman’s Comp, Health, P/C Medical Supplies Merchant Card Fees Office Supplies Payroll/HR Admin (including PEOs) Records & Information Management Telecommunications Uniforms & Linens Waste & Recycling