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 Cost Management Strategies  

More strategies to deliver more savings

Every healthcare organization is different, with distinct strengths and needs. No single tool or approach can create solutions for all.  Owens & Minor’s Cost Management Strategies offer custom solutions that suit your operation, with expertise and well designed processes that allow you to concentrate on your core strength—providing high quality patient care.

Value Analysis
With Owens & Minor’s Value Analysis service, the difference is in the breadth. Value Analysis drives savings by letting you see your entire universe of spend—including all products, services and supply-chain expenses.  It is a proactive, user-driven process, which allows customers to identify and purchase products that have a harmonious balance of low cost, clinician ease of use and patient effectiveness. Our review includes all supplies, purchased services and related equipment. And the Value Analysis teams we help establish continue to drive savings long after our consultants have departed.

Purchased Services
At Owens & Minor, we know that when it comes to managing costs, healthcare professionals must look well beyond supply costs. Most hospitals spend an equal or greater amount each year on Purchased Services. Our consulting teams help you identify areas of opportunity around services, and create and implement action plans around those opportunities to create real savings – all in a manner that is beneficial and equitable to both you and your service partners.

Physical Inventory
Healthcare organizations can also save precious resources by bringing Owens & Minor experts in to perform Physical Inventory. Our turnkey Physical Inventory services send in qualified people to provide a timely and accurate assessment and valuation of all supplies on hand. This creates a starting point to optimize and improve supply chain operations, and can generate key recommendations to cut costs while ensuring you are prepared for the future. 

 Success Stories

  • Stanford Hospital + Owens & Minor’s Value Analysis

    $9 million in 9 months: That’s what Owens & Minor value analysis saved Stanford Hospital and Clinics by reducing supply budgets and renegotiating services. The organization is on track for $15 million in annualized savings. Learn more.

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