There are numerous fixed cost reduction opportunities within hospitals that can lead to substantial savings, including those related to freight and shipping -- both outbound and directly from your supplier.
Evaluating freight and shipping costs can save hospitals and health systems hundreds of thousands of dollars, yet hospital CFOs and other financial executives may not look extensively to see how they are shipping their supplies and which couriers offer the most competitive prices.
When hospital financial managers think of direct freight management, they often think of negotiated rates. However, negotiating rates is only a fraction of cost-saving strategies. The most significant savings are generated by program participation, mode optimization and predictive analytics.
In the upcoming OptiFreight® Logistics webinar, "5 ways to drive incremental savings" presented by Becker's Hospital Review, Marc Mullen, vice president and general manager of OptiFreight® Logistics, and Mike Walker, system director of centralized purchasing for Presence Health, will offer attendees five practical methods to drive more freight savings and how to identify a strong freight management program that extends far beyond negotiated rates.
The webinar will take place Tuesday, May 12, 2015 from 1 -2 p.m. CDT. You can register for the webinar by clicking here.