Operational Impact
Healthcare is growing in complexity as mergers and organic growth are pursued to better serve patients. MedSpeed designs and manages optimized logistics networks so our customers can capture the benefits of scale and integration. Connecting the physical points of care enables MedSpeed customers to uncover additional savings opportunities and scale with agility.
Leveraging Technology and Education to Reduce On-demand
A large northeastern health system partnered with MedSpeed in 2007. Since going live, the system has realized multi-million-dollar savings and decreased its on-demand utilization from 60 to less than 20 percent of overall activity.
The customer’s executive team recently sought to further streamline their on-demand service to achieve additional savings.
The Challenge
The Solution
The Result
Spend Reduction with Longstanding Client
Working with MedSpeed, the customer leveraged the proprietary technology system to analyze the movements that were taking place. Through this visibility, the teams achieved an additional $120,000 annual spend reduction without impacting care quality. The MedSpeed team worked with the customer to educate its sites on the less expensive service options and the frequency with which specific sites were calling. Ultimately, this program helped the customer to achieve its spend reduction goals for the year by reducing unnecessary orders.