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In the dynamic and highly competitive healthcare landscape, optimizing financial performance while maintaining the highest standards of patient care is a formidable challenge. We had the privilege of partnering with a leading healthcare provider in the United Arab Emirates (UAE) to address this challenge comprehensively. This case study outlines our multi-faceted approach to unlocking the client’s healthcare financial potential.
Our client, a prominent healthcare institution in the UAE, faced the dual imperative of enhancing revenue and reducing operational costs. Their commitment to providing world-class healthcare services to their community drove their collaboration with us to develop and implement strategic solutions.
Results and Impact: Our collaborative efforts with the client yielded substantial results:
In our partnership with this UAE healthcare leader, we demonstrated the potential to unlock significant financial benefits within the healthcare sector. Our customized Cost Tracking Dashboards, coupled with revenue-focused dashboards and strategic sourcing, exemplify our commitment to helping healthcare institutions optimize their financial performance while delivering the highest quality of care to their patients. This case study showcases our dedication to “Unlocking Healthcare Financial Potential” and underscores our expertise in driving sustainable results in the healthcare industry.
EmpoweringCPO is a team of experienced sourcing and procurement professionals with hands on experience of having worked with many fortune 500 companies. The company was founded in 2011 and since then has executed multiple strategic sourcing projects and have achieved average savings of 10-12% so far. In addition to Strategic Sourcing their other offerings are Spend Analysis, Procurement Intelligence, Procurement Analytics, Best Cost Country Sourcing, Procurement Outsourcing, Built Operate Transfer, Supplier Diversity, Sustainable Procurement, Tail Spend Management, Item Master Optimization, Collective Buying, Compliance Tracking and Managed Procurement Services.
Compliance management is very critical as otherwise the procurement organization may run into a scenario where there is a huge gap between realized savings and reported savings. Many procurement functions estimate large savings numbers when contracts are signed. They also invest significant time and effort in negotiating contracts for necessary goods and services, only to have a third or more of their purchasing dollars flow outside those deals. Some of the obvious fall-outs of non-compliance and maverick purchases are:
As compared to the current contract that was finalized after the sourcing process, the tool helps in tracking:
The objective of this tool is to ensure that the orders are placed only with the vendors that were shortlisted after the sourcing process and at the same price that was agreed upon and negotiated during and after the strategic sourcing process.