The healthcare industry is expecting a revenue deficit of $58 - $166 billion in 2021. Furthermore, the cost of purchased services are expected to rise by 16% according to Kauffman Hall. If you haven’t begun exploring purchased services optimization opportunities, there is no better time then now. With more industry leaders paving the way, readily available category and sourcing insights are now more accessible than ever before.
Beyond the obvious argument to multiply cost-savings, there are several other factors driving purchased services transformation, such as: total contract value, patient outcomes, risk tolerance.