Optimize non-labor and pharmacy costs

With unsustainable operating expense growth and margin dilution, non-labor and pharmacy expense represents up to 40% of an organization’s operating expense and continues to be a critical and often under-optimized value opportunity.

Traditional non-labor and pharmacy cost management strategies depend heavily on pricing as well as a health system’s GPO and other vendor partners to deliver savings through optimized contracting practices.

These strategies are a good start but only achieve incremental impact.

The Opportunity: 5-7% Cost Savings Beyond Pricing

GE Healthcare Consulting helps organizations adopt new and comprehensive value-based procurement programs to unlock near-term, recurring non-labor and pharmacy cost savings that can represent substantial cumulative impact over time.

GE Healthcare Consulting’s non-labor and pharmacy team works closely with supply chain and operational leadership to enable and accelerate cost savings through areas such as:

Product & service standardization to maximize contracts

Optimized, aggressive unit pricing and contract development

Improved distribution models

Evidence-based utilization protocols for supply and drug formularies

Evaluation of high value insourcing and outsourcing opportunities

340B program optimization and expansion

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The GE Healthcare Difference

At GE Healthcare Consulting, we utilize tools and processes to assist healthcare organizations with their toughest challenges.

Across our range of services, we embrace our change management approach to address the people side of change. Our collaborative, shoulder to shoulder delivery model enable our clients to design and activate performance improvement projects that will elevate their organizational transparency and communication.

At GE Healthcare Consulting, our approach is to understand the organization’s legacy and culture to equip them with the capabilities needed to drive long-term transformational change and achieve sustainable outcomes.

Leadership

Geoffery Martin Image
Geoffery Martin, MBA
Global CEO
Chicago, Illinois
Eric Kammer Image
Eric Kammer
Managing Principal
Chicago, Illinois
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