Vendor contracts often collect dust within many organizations, hospitals included, but re-evaluating those contracts could result in savings to hospitals' bottom lines.
According to SIB Development & Consulting, hospitals can find savings in several different areas of vendor contracting, including:
• Uniform/laundry
• Landscaping
• Travel
• Payroll service
• Debt restructuring
• Cost segregation
• Leasing
• Freight/shipping
• Maintenance
• Janitorial
• Advertising
• Computer hardware
• Software
More Articles on Hospital Savings:
The ROI of Evidence-Based Hospital Design
Study: Collaborative Care Model for Depression, Dementia Could Save Billions
7 Waste Disposal Areas Where Hospitals Can Save Money