COMPREHENSIVE ANALYSIS
ANALYZING FINANCIAL REVIEWS, STATISTICAL COMPARISONS, AND CLINICAL PRACTICE ASSESSMENTS
The analytical stage of the engagement is critical to the success of the project. It is often the most resource intensive part of the process. Using a combination of financial reviews, statistical comparisons and clinical practice assessments, we develop a comprehensive assessment of how the organization’s supply cost dollars are being spent.
An initial analysis of spending sources is performed to identify current and past trends in expenditures. Stratification and prioritization is established as part of the analysis.
| VENDOR NAME | SPENDING | % CHANGE |
|---|---|---|
|
ABC Medical |
$
5000000
|
0%
|
|
XYZ Food Service |
$
2000000
|
11%
|
|
Healthcare Corporation |
$
1000000
|
11%
|
|
123 Medical |
$
0
|
39%
|
|
Radiology Supply |
$
1000000
|
-10%
|
|
456 Supply |
$
1000000
|
78%
|
|
ABC Company |
$
1000000
|
14%
|
|
Health Service Company |
$
800000
|
48%
|
|
123 Laboratories |
$
700000
|
25%
|
|
Data ABC |
$
600000
|
3%
|
| VENDOR NAME | SPENDING | % CHANGE |
|---|---|---|
|
ABC Medical |
$
5000000
|
0% |
|
XYZ Food Service |
$
2000000
|
11% |
|
Healthcare Corporation |
$
1000000
|
11% |
|
123 Medical |
$
0
|
39% |
|
Radiology Supply |
$
1000000
|
-10% |
|
456 Supply |
$
1000000
|
78% |
|
ABC Company |
$
1000000
|
14% |
|
Health Service Company |
$
800000
|
48% |
|
123 Laboratories |
$
700000
|
25% |
|
Data ABC |
$
600000
|
3% |
An initial analysis of spending sources is performed to identify current and past trends in expenditures. Stratification and prioritization is established as part of the analysis.
| TOPIC | CURRENT ACTIVITY | BENCHMARK |
|---|---|---|
|
Forms |
$18.91/AOB |
$10.85/AOB |
|
IV Tubing |
$3.49/Admin. Line |
$1.48/Admin. Line |
|
Laundry |
$17.56/IP Day |
$6.50-$9.98 |
|
Cardiac Perfusion |
$858.00 /Perfused Case |
$492.00 /Perfused Case |
MEDICAL/SURGERY QUESTIONNAIRE
1. What is the current interval between IV set changes?
2. What is the current utilization of leukocyte reduction filters?
3. What IV sets are used in Surgery?
4. When are IV Pumps proscribed for use?
Using industry standard benchmarks, cross industry comparatives and our own client information database, a comparative analysis of your firm’s spending trends is developed.