In a recent post, Spend Matters’ Andrew Karpie addressed a rising trend in the healthcare industry: the use of contingent workforce, specifically the use of “locum tenens,” or temporary physicians. In his article, Locum Tenens and Healthcare Contingent Workforce Management: An Innovator’s Dilemma (Part 1), which published on Spend Matters last week, Andrew pointed to a Staff Care survey showing 42% of healthcare facility managers are currently looking for these temporary physicians, up from 32% in 2012.
The Healthcare Matters Category
After a long period of business as usual, the entire healthcare industry has begun to change dramatically. In this two-part series, we examine some of the changes that are occurring in the temporary physician contingent workforce segment (locum tenens) and what may lie ahead. We do this through the eyes of a standout innovator and entrepreneur who has been developing an online “work intermediation platform” (WIP) approach to temporary physician staffing.
Like a saint cut apart into various relics, spread across the land to bring hope to those praying for more cost efficient and effective healthcare, the assets of MedAssets are getting hacked into strategic pieces. As my colleague Tom Finn reports on our sister site, Healthcare Matters, Pamplona, a private equity firm, is buying part of the assets of MedAssets and planning to combine its “revenue cycle management business with its Precyse business, and to sell the MedAssets spend and clinical resource management business to VHA-UHC Alliance, a network largely composed of not-for-profit hospitals.”
Prodigo and Healthcare – Customer Case Studies and Applying Lessons Learned to Cross-Industry Procurement [PRO]
Prodigo, a procure-to-pay (P2P) technology specialist in the healthcare market, has a lot to offer procurement organizations. We began our discussion on the provider in Part 1 of this multi-part Spend Matters PRO research brief. Today, we share stories from Prodigo customers who we have had a chance to speak to and who are supporting highly complex transactional procurement environments. These customers have confirmed the complexity of the environments that our briefings and demonstrations here at Spend matters have suggested. For example, one customer has seen all internal item master information become part of the Prodigo catalog. But the Prodigo system is also used to index and manage external information for direct purchases from manufacturers (enriched with third-party data as well) because the internal item master doesn't carry all the items or the information necessary to make frontline decisions. This may sound simple, but the use case and complexity is surprising indeed to provide complete buying transparency and control – and bring a range of lessons learned for non-healthcare procurement organizations as well.
Occasionally, a procurement technique or solution approach we see in healthcare potentially brings broad applicability to other sectors as well. We’ve learned over many years that most solutions in this market are highly bespoke given all the challenges associated with managing complex (and specialized) product information, physician preference items, billing and reimbursement and attributes unique to hospital and clinician environments. But a recent set of briefings, demonstrations and customer reference discussions with Prodigo Solutions, a procure-to-pay (P2P) technology specialist in the healthcare market segment, suggest a range of lessons from healthcare environments that we can apply to more generalized purchasing environments. This 2-part Spend Matters PRO research brief explores Prodigo’s capabilities, the customer experience and what procurement can learn from healthcare.
Attacking Costs in Healthcare: Tactical Procurement Can Address Up to 40% of a Total Operating Budget
There’s often a mistaken viewpoint that says labor costs form the dominant and often hard to address costs of healthcare service delivery in the United States (for example, the physicians, nurses, administrative staff). Granted, labor costs are a significant and core component of healthcare. But so are capital expenditures as well as overall procurement. In fact, a recent article, “7 Reasons to Merge Revenue Cycle and Supply Chain Management,” cites research from the Health Sector Supply Chain Research Consortium at Arizona State University (HSRC-ASU) that suggests the potential impact better procurement can have.
Spend Matters welcomes a guest post written by Jon Winsett, CEO of NPI, a spend management consultancy, focused on eliminating overspending on IT, telecom, and […]
When it comes to group purchasing organizations (GPOs) in healthcare and beyond, most procurement professionals first think about how such organizations can potentially bring value […]
Today, we thought we'd feature a recent post on Healthcare Matters: Third-party logistics firms (3PLs) are essentially travel agents for freight. They generally do not […]
In the first post in this series, we examined how healthcare GPO provider Premier is tackling group-buying opportunities and the success it has realized for […]
The concept of group buying is one that many seasoned procurement buyers and managers often get excited about, given the leverage such an initiative might […]
Here's what Tom Finn has been up to over on Healthcare Matters this week. SCM Capabilities Drive Imperial Holdings Move into African Healthcare -- Imperial […]