The Supply Chain: Your Source for Savings
December 12 at 12pm CST/11am MST Overview: 2023 saw improvements in margins for hospitals due to increased volumes. However, cost increases in labor and nonlabor spending are holding margins in check, with
December 12 at 12pm CST/11am MST
2023 saw improvements in margins for hospitals due to increased volumes. However, cost increases in labor and nonlabor spending are holding margins in check, with the average hospital still operating at a loss. Nonlabor cost reduction offers reliable margin improvement opportunities, with low cultural disruption. With its vastness and lack of visibility, there is no shortage of opportunities. A road map will help provide guidance towards high return solutions and steer efforts to achieve organizational goals.
- Identify top areas of nonlabor opportunity
- Learn key nonlabor solutions to achieve bottom line savings impact
- Review resources to assist nonlabor cost reduction efforts
Presenter: Peter Stille, Manager Director, FORVIS
Peter is a Managing Director in FORVIS’ Health Care Performance Improvement group and leads its nonlabor cost reduction practice.
Peter was Founder/CEO of Strategic Sourcing Results, Inc., a nationally recognized nonlabor cost reduction consultancy. Prior to that, he led Andersen’s Midwest Healthcare Supply Chain practice and its firmwide negotiations training class. He is a frequent speaker and author on the topics of cost reduction and contracting in healthcare.
Over 30 years, Peter has helped clients achieve a margin lift averaging 2% of net revenues, and tracks an average 3YR ROI on fees of 18 to 1.
Registration is free for SDAHO Members and $49 for Non-Members.
Click here to register.
(Tuesday) 12:00 pm - 1:00 pm(GMT-06:00)