Changing the Game!
Robert T. Yokl
President & Chief Value Strategist
Greetings!
Changing the Game!
What I’m hearing from supply chain professionals is that they are receiving more price increases from their GPOs than price savings offers. I see this as an historic milestone that is “changing the game” of supply chain management – forevermore!
If you think your GPO will continue to pull rabbits out of a hat (in this price is always going up economy) to give you never ending supply expense savings, then you are in for a rude awakening. Even Wal-Mart, Costco and BJ’s Wholesale Club are finding it next to impossible to hold back their vendor’s price increases. So why should healthcare be any different?
The good news is that there are literally billions of dollars of Savings Beyond Price™ in our own back yard in the form of utilization misalignments that have yet to be uncovered in the healthcare marketplace. This situation is analogous to the energy debate we American’s are having now on how much energy resources are available domestically. We are told by experts that these resources (oil, gas, wind, solar, etc.) are almost limitless if we start to explore for them now.
It’s the same with our own healthcare marketplace, we need to start today (not tomorrow or next week) to drill down into our own supply chains to find this hidden “black gold” in our own hospital, system or IDN, because the well is running dry on our price savings.
To sit on the sidelines and hope for the well to fill up again can be dangerous to your healthcare organization’s financial health.
Your Partner In Savings Beyond Price™,
Bob Yokl
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
800-220-4274
P.S. More and more hospitals, systems and IDNs are jumping on the Utilizer™ Dashboard bandwagon to uncover their utilization misalignments before their price savings run out altogether. Wouldn’t you like to be one of them?
P.P.S. Don’t forget to check out my new blog article “Teach, Teach, Teach for Even More Supply Chain Savings” This blog is all about how you can do it the Costco way for million dollar paydays.
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