 Managing
contracts, membership, pricing, compliance, renewals, rebates,
sales tracings and all of the data translation and identification
requirements effectively is a challenge that many companies have
struggled with for years. Regardless of their size, companies must
have the right solutions in place to operate effectively in this
marketspace. In 1996,
the Efficient Healthcare Consumer Response (EHCR) published the
results of a comprehensive
study that summarized
the opportunities for
cost savings and greater
efficiencies in the U.S. health care environment.
Key findings by the EHCR are as follows:
- $23 billion in supply
chain process costs;
Approximately $11 billion
or 48% are avoidable
- Costs are recoverable
through the implementation
of three efficiency-oriented
strategies and through
the adoption of four
industry-wide enablers
- The three recommended
strategies are Efficient
Product Movement, Efficient
Order Management and
Efficient Information
Sharing
- The four industry-wide
enablers are Partnerships
and Alliances, Change
Management, Information
Technology and Activity-Based
Costing
The EHCR study further quantifies their cost
savings analysis and
applies figures to each
strategy and enabler. What has prevented health care companies
from implementing and adopting EHCR recommendations in the past
was the lack of specific solutions that apply to each strategy
and enabler. Health Care Business Services has developed those
solutions to help make the EHCR vision a reality!
It is our objective to help companies in the Health Care Industry
to:
- Manage contracts,
rebates, sales tracings
and all forms of control
and supply chain oriented
data sources
- Provide consistent
and reliable reporting
to all stakeholders
- Reduce the costs
of doing business
- Improve sales volumes
and profitability
- Deliver the best
deals to end-users
and consumers yet still
turn a profit
- Target the right
product/company acquisitions
and mergers and help
manage the integration
process
- Optimize salesforce
effectiveness, product
pricing, product positioning
and sales forecasting,
etc.
We believe that all of this is possible through the progressive
utilization of our solutions
and the business strategies and practices that tie it all together.
It is through a direct and deliberate process with expected outcomes
through which these objectives will be met or exceeded.
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