With Insights CSUM,

healthcare organizations gain actionable insights that drive continuous improvement, leading to enhanced resource utilization, sustained savings, and optimized operational efficiency.

Insights CSUM is fluid due to the month-to-month and year-to-year shifts in healthcare supply chain spending relative to patient volume. New savings opportunities emerge with every data update, making Insights CSUM a continual driver of cost efficiencies.

Why Insights CSUM?

Insights CSUM technology is a game-changer and will consistently generate savings between 5% and 11% of the total supply budget. Implementing Insights CSUM is akin to when hospitals and healthcare systems first joined Group Purchasing Organizations (GPOs), unlocking millions of dollars in savings. The initial savings tend to be substantial because many organizations currently do little to manage usage optimization across their enterprise.

Beyond Price and Contract Standardization

While securing competitive pricing and standardizing purchases are essential, these tactics typically impact only 20% of total costs. Insights CSUM tackles cost inefficiencies by identifying excessive usage and unnecessary products.

Some organizations mistakenly assume that best pricing equals best overall cost control, but Insights CSUM challenges this notion in two key ways:

1. Overbuilt Products: If a facility is using premium, feature-rich items unnecessarily—akin to driving a luxury car when a standard model would suffice—costs will remain high.
2. Excessive Usage: Even with optimal pricing, consuming 23% to 42% more than necessary in areas like Cath Lab Balloons, IV sets, or CRM devices leads to significant wasted expenditure.

Insights CSUM enables organizations to monitor real data-driven Key Performance Indicators (KPIs) and benchmarking methods to uncover savings month after month.

Value Analysis: The Backbone of Insights CSUM

A successful usage optimization program needs dedicated management, and Value Analysis (VA) teams are perfectly suited for the task. With the right training, VA managers can effectively identify root causes of excess spending and implement targeted solutions that drive long-term cost reductions.

Establishing a Baseline and Maintaining Visibility

Insights CSUM data begins with a solid baseline that enables organizations to measure fluctuations in cost and quality over time. Using a database-driven approach simplifies reporting, ensuring data is cleaned, validated, and actionable. While managing Insights CSUM might seem complex at first, the potential savings are well worth the effort.