Your lab contracts can be renegotiated to achieve cost savings.
Many of our clients believe that because they have a long-term lab contract or because they are operating under a GPO pricing arrangement that a contract cannot be changed. This is not true and almost any contract can be changed. It is true that some contracts may not warrant the time it would take to negotiate a new deal and some suppliers are more difficult to deal with than others but contracts can be changed.
Plan your cost-cutting lab contract negotiation with seasoned experts.
Before a contract can be changed though a review is needed and benchmarking must be done. We have the expertise and have renegotiated numerous supply contracts for our clients without disruption to day to day workflow and without changing out instruments. That said, often we have negotiated upgrades to aging equipment as part of the new terms of the supply contracts.
Valley Street Lab Partners realizes $400,000 savings for our clients.
One such lab contract negotiation recently delivered a 30% ($400,000) savings on POC glucose supplies alone.
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 to begin the conversation.
Recent Case Studies
Amid a highly competitive healthcare environment, you won’t find a more skilled consultant in our industry who understands the path that hospitals, health systems, and their laboratories must trod down in order to be relevant.