Tips

As we round the corner into the second half of 2019, December 31st is closer than you may think. If you act now, there is still time to enable savings initiatives that can positively impact your hospital's bottom line th ...

When evaluating purchase quotes for medical equipment, does your hospital apply benchmarking information based on item level comparison of your quote to other market prices? Given the ongoing complexity and variability i ...

It is easy to think that older digital X-ray imaging equipment has limited value. However, the age of the detector can be an important factor in determining the value of the system. For example, a 10 year old digital mam ...

Does your hospital overspend by purchasing medical equipment it already owns in another department or location? You may be surprised, but this seemingly simple issue costs hospitals millions of dollars per year. In fact, ...

Many hospitals underestimate both the costs and requirements that go into shipping, and the additional fees that result from not knowing can end up costing them a lot more than they had projected. Communicate with you ...

Do you ever feel like you aren't getting the best price from your suppliers on single item equipment purchases? More often than not, you aren't getting the discounts you expect. Know how much you spend, and leverage y ...

Do you ever have a nagging feeling that you didn't get the value you could have for equipment you traded in? More often than not, you're probably right.   When buying new equipment, always start by requesting a ...

Much like watering your garden to help it grow, you can “water” and grow your supplier relationships by maintaining clear, consistent communications to help you get the most value from your suppliers. Continuously “wa ...

Do you ever have that funny feeling that your hospital is building its budget based on preliminary planning quotes? If so, you're probably right. As a result, many hospitals miss out on savings they could get if they ...

Understanding the details of capital equipment purchase quotes or service contracts can be challenging. Hospitals just want to know they are getting what they need at a competitive price, but often don’t know where to tu ...