|[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
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
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
"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.
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