Don’t let Over-Reliance on Traditional Benchmarks Erode Your Savings
Health systems have always relied on benchmarks from within healthcare to establish pricing for complex non-clinical categories needed to operate daily, such as corporate services, facilities management, IT, Marketing, employee benefit programs, and more.
Unfortunately, this means that on average, health systems are paying 7-12% more for the same goods and services compared to industries outside of healthcare, like retail, manufacturing or financial institutions.
The good news is, shifting from a best-in-industry to a best-in-class perspective can see your health system save millions annually, just by optimizing non-clinical purchases.
Find out more about the problem with broad national-level benchmarks and how to ease margin pressure and drive significant savings in our guide.
