Purchased services can account for roughly 36 percent of total operating expense. That means approximately $400 billion can be attributed to purchased services expenses. To effectively reach purchased services savings goals, it’s important to understand that change is not affected one contract at a time. With thousands of suppliers and millions of dollars involved, the most effective purchased services initiatives take a programmatic approach that forges a contracting lifecycle.

Premier’s sourcing experts have compiled the following guide to help health systems and hospitals improve their financial performance by leading their own cost-effective program and gain control over purchased services spend.

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