Mid Year Update - Book
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PPROCURMENT/ CONTRACTS<br />
Procurement<br />
‒ Monitored purchases to identify potential lost<br />
savings opportunities, and to prevent incurring<br />
service fees.<br />
‒ Annual training for buyers to strengthen skills and<br />
knowledge conducted.<br />
‒ Coordinated drug conversion of system initiatives<br />
to maximize cost savings opportunities<br />
Contracts<br />
‒ Coordinated 14 initiatives that resulted in >$1.8<br />
million in savings<br />
• Savings from scale, operational improvements and utilization<br />
controls<br />
• Tracking savings at the facility and by initiative level<br />
• Data available on a monthly basis for performance<br />
management, goal setting, and financial reporting by the<br />
integration value team<br />
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