Healthcare Cost Solutions, LLC

Cost Reduction Ideas tend to fall into one or more of the following categories.  Examples are provided to stimulate yoru thinking.  Please feel free to add comments and additional ideas.

Use less of existing products

• Change from single-sided printing to double-sided printing reducing paper requirements by up to 50%

Use lower cost alternative products

• Change from a product that has extra desirable features to one that has essential features (e.g. Cadillac Escalade vs GM Yukon)

Insource / outsource (Make vs. Buy)

• Compare current inhouse variable costs of  a service to acquiring that same service from an outside vendor at a fixed cost, or vice versa

Reprocessing/Green Purchasing

• Reprocessing pulse oximetry sensors or SCD sleeves versus purchasing new for every use

 Reduce acquisition costs through aggregation or improved leverage

• Group purchasing often falls into this category