The Last Word
Michael Bohon
A Common Mistake Hospitals Make in Their Savings Efforts Michael Bohon, CPSM, C.P.M., CMRP, Managing Director of HealthCare Solutions Bureau
Decisions, Decisions You, as the supply chain leader for your hospital organization, have been tasked with reducing the expenses under your control dramatically. Where to start? We’re not talking about 2 – 3%. The C-suite is looking for big numbers. The pressure is on. At a meeting with your team the idea of doing a GPO (Group Purchasing Organization) assessment has been raised. After all, you have not considered this option in a number of years, but how do you pull off this complex venture? You consider the options. You can bring in some consultants to handle the process for you or you can DIY (Do It Yourself). Of course, you will first consider the second option for following reasons: • • •
You have all the data. You are familiar with your current GPO. Your organization will not be anxious to approve the expense of hiring outsiders.
Volume 5/Issue 1
Healthcare Value Analysis & Utilization Management Magazine
30
