Cost Benchmarking

HCSB provides cost benchmarking services to clients. By comparing their current cost to those on a national supply pricing database, HCSB determines opportunities for clients and quantifies them.

Following are examples of the results of such studies:

• 150 bed community hospital - $130K+ opportunity
• 450 bed stand alone hospital - $200K+ opportunity
• Three hospital system - $500K+ opportunity (Use of the provided data prompted an immediate $200K annual cost reduction from one supplier)

HCSB provides negotiation services to clients. HCSB’s consultants have provided over $4.5M in documented supply cost savings to clients when given the opportunity to negotiate physician preference item contracts on their behalf.

Contact HCSB for details of how this service can assist you in the reduction of your supply costs.

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