SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  MD Buyline Reveals Top Trending Healthcare Purchased Service Categories

[July 09, 2014]

MD Buyline Reveals Top Trending Healthcare Purchased Service Categories

DALLAS --(Business Wire)--

MD Buyline's experts keep a pulse on trending healthcare purchased services categories with the most cost reduction opportunity and success rate. In a complimentary report and webinar, MD Buyline's experts share categories hospitals should consider for immediate savings opportunities.

According to research, purchased services can account for up to 35% of a typical U.S. hospital's operating expenses, totaling over $100 billion per year. Industry trending projects this number to grow by 13% over the next five years, which will put a greater strain on healthcare providers' finances.

However, forward-thinking hospitals are currently achieving up to 30% savings on average per purchased service category by utilizing MD Buyline's deep dataset of pricing benchmarks, industry expertise and sustainable solution. By implementing MD Buyline's best practices, member hospitals hav quickly realized a 3% sustainable improvement in their operating margins.


"Hospitals are beginning to recognize the opportunity in front of them regarding purchased services. Our experts are helping hospitals achieve significant savings in a truly meaningful way. Not only do we help them achieve immediate savings, but also develop a long-term approach with a roadmap of initiatives and categories to tackle," said Beverly Schierer, vice president of research and analysis for MD Buyline.

In the complimentary webinar, hosted on Thursday, July 10, 2014 at 2:00 p.m. CT, attendees will learn from MD Buyline's purchased service experts the categories hospitals nationwide are successfully achieving savings as well as how to maximize their return on investment by implementing a roadmap and measuring their results. Register for the "Purchased Service Trends and How to Maximize Your ROI" webinar.

Additionally, MD Buyline has created a complimentary report of five trending purchased service categories. The report shares hidden charges for each category service providers typically include in contract language as well as category-specific recommendations MD Buyline provides its hospital members. Download the report "Five Trending Purchased Service Categories."

About MD Buyline

Healthcare providers recognize MD Buyline as the leading provider of evidence-based information and research. By creating transparency and fostering consultative relationships, MD Buyline has partnered with providers for more than three decades to identify cost reduction opportunities for purchased services, consumables, capital and IT. Providers rely on MD Buyline's data and clinical analysts for financial and clinical insight to reach long- and short-term goals. For more information, please visit www.mdbuyline.com, and follow MD Buyline on Twitter (News - Alert), @MDBuyline.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy