Being comfortable isn’t always a good thing, especially when it comes to the price of medical equipment. That’s because the market for medical equipment is dynamic and constantly changing, and so are supplier pricing strategies and your potential savings opportunities. Just because a price you paid in the past for equipment or services was considered good compared to market prices THEN doesn’t mean you can assume that it’s still good NOW. Even if the price is the exact same as it was last time, the price you’re being quoted may actually be much higher than what would be considered a good price today. How can you keep yourself from getting too comfortable with your previous prices of medical equipment and services?
Always validate the most current prices quoted to your hospital. Monitor market trends and use information resources to analyze your pricing so you can know you are getting the most savings. And, of course, be sure to submit a Purchase Quote Review or Service Contract Review report request in EVMS for everything for the most reliable and actionable benchmarking information available – so you can know exactly how your price compares to what other hospitals are paying right now.
Taking steps to validate that current pricing from your supplier is good in today’s market is a great way to be more certain about (and comfortable with) your equipment spending decisions. Rejecting the comfort of prices from the past is a proven way to get the best price and avoid letting savings pass you by.