$1.3M Savings on Supplier Pricing.
Client: 238 bed multi-specialty children’s hospital in Southern California including a Level 2 Trauma Center.
Service: Supply-chain consulting services for Reference Lab and Lab supplies.
Results: $1.3M or 23% savings.
Methods: In this engagement, we achieve these savings primarily through incumbent contract negotiation, trading out the primary reference lab, reduced inventory stocking levels, implemented supply management controls and provided a handful of lower cost alternative products which were exact replacements with a different label.
The team of lab consultants at Valley Street Lab Partners has the expertise to deliver proven results to your organization. Adapting to the rapidly changing healthcare industry can create new opportunities for our clients to thrive. Contact us today to begin the conversation.