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Cost Reduction
MedModus helps you align your financial objectives with the surgeon’s clinical preferences and needs. And…we do this without forcing standardization. MedModus takes an open market approach to the sourcing, contracting and purchasing of Physician Preference Items. The surgeons get what they want, your GPO relationships remain intact and your bottom line gets healthier, now and into the future.
Elements of our Cost Reduction process include:
Contract Review and Savings Opportunity Analysis
- Current product pricing analyzed and compared to potential “best” pricing using our extensive, proprietary database
- Purchase invoice audit, comparing costs to local, regional and national contracts (stand-alone and/or GPO)
- Determination of the potential savings for the client hospital
Expenditure and Price Audit/Analysis to establish baseline costs
Active Physician Participation
- Cost saving can be achieved most effectively when physicians partner with hospitals to understand the process
- We respect the physician's need to utilize the implant of choice to achieve the best clinical outcome for their patient
- We do not ask physicians to standardize implants
Supplier Negotiation
- In concert with your Materials Management department.
- Direct supplier negotiations on our clients' behalf