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Streamlining procurement to cut the total cost of care
Learn how healthcare organisations are using Amazon Business to help lower care costs by optimising procurement and supply chain management.
Today’s value-based care models emphasise the importance of delivering high-quality care and by measuring and managing the total cost of care, healthcare organisations can work toward achieving more sustainable spending and improving health outcomes for patient populations through smart business buying.
Many factors contribute to the total cost of care. But here’s what’s sometimes overlooked:
- Improving the efficiency of procurement processes can play a significant role in cutting costs.
- When assessing procurement efficiency, healthcare organisations must consider not just big-ticket purchases, such as capital equipment or expensive medical device disposables, but also smaller, high-volume purchases, from bandages to office supplies. By getting the best possible prices for all supply purchases, healthcare providers can better manage their costs.
- With healthcare organisations continuing to grow and mergers or acquisitions up recently (18 mergers or acquisitions in Q3 2023), they can lose control of smaller purchases if each facility buys supplies directly in its own way. By centralising, simplifying and tracking purchasing, the entire organisation can benefit from volume discounts and more efficient procurement processes.
Simplify buying to help increase educator satisfaction
Keeping talent in the field of education requires tools that reduce workload burnout, such as efficiency tools or the latest teaching technologies. Education leaders have the opportunity to tailor their procurement strategies to meet the direct needs of their establishment, honing in on suppliers that provide not just products, but meaningful tools that support the institution's objectives.
One of many critical tools that simplifies purchasing is Budget Management. Through Budget Management, education leaders can proactively oversee and manage their spend for the fiscal year, allowing their teaching staff to make their own purchasing decisions without overspending. It also reduces the significant time spent in manually creating and tracking requisitions for every order, alleviating their administrative tasks.
Taking a holistic view, procurement becomes more than just a process of acquiring “stuff.” It fosters an environment that cultivates and invests in talent, as educators are now equipped with the resources needed to be successful and focus on their students. By curating supplies and solutions all in one place that directly support educator satisfaction, alternative educational methods, and promote ongoing professional development and inclusive culture, smart business buying can be instrumental in the overall mission of education.
Why educational organisations rely on us
Education leaders buy from Amazon Business because we simplify the buying process, with customers spending more than 33% of their total yearly spend during Back to School. We have a wide selection of millions of products across education-relevant categories from trusted suppliers with educator-specific pricing. Numerous facilities rely on our smart business buying solution to streamline their purchasing process and give more autonomy to their staff, making them feel empowered and valued. By going digital and moving to a centralized system where administrative tasks are automated and deliveries are predictable, educators can devote more time to focus on their students – and critically, themselves.
Learn more about how Amazon Business can help your business develop more efficient procurement processes
