Economic Value
Quality and Cost Reduction Don't Have to be a Trade Off
The cost of doing business is rising. Today, more than ever,
healthcare is challenged to do more with less. Even so,
cutting back on service or quality is simply not a viable option.
Healthcare leaders must look for other ways to combat the rising
costs of care. A partnership with MedSpeed provides an ideal
opportunity to discover new savings and add value to your
operation.
Four Ways to Save
As your transportation partner, MedSpeed creates a strategic
asset for your organization that will generate four ways to
save:
- Direct, Day One Savings - A MedSpeed partnership instantly
saves your organization from the direct cost burdens of time and
resources.
- Unbudgeted Savings - From error reduction savings, to liberated
real estate, to transfer of the risk and liability in maintaining
an internal department, MedSpeed drives indirect savings for its
customers.
- Future Cost Avoidance - Future capital investments for
technology, personnel, fleet replacement and excess capacity needs
are avoided, as MedSpeed handles them entirely.
- On-Going Cost Containment - Through centralized operations and
transparent pricing, MedSpeed makes it easy to identify changes and
adjust service levels to meet your needs. Our analytical
processes identify new service offerings, revenue opportunities and
consolidation or expansion strategies and our flexible pricing
model allows for their cost effective implementation.
How We Do It
Meaningful day one savings for one client, a significant
reduction in on-demand for another - how do we do it? After
more than 10 years in the industry, MedSpeed understands that
quality and value do not have to be a trade off. Our savings
opportunities are created through a combination of smart analysis
and balance. In short, we do not cut corners - we just design
smart solutions and manage efficiency.
Our cost benefit summary includes:
With MedSpeed, we realized meaningful savings on day one and their analytics have driven ongoing value as Advocate and the MedSpeed relationship have grown over time.
Rosemary Grein, Administrator, Strategic Sourcing and Clinical Resource Management, Advocate Health Care