Procurement - the Right Way
At CMSL, we do things different. We don't just look for the lowest item cost on an invoice; we look at how it impacts every aspect of your organization in what we call evidence-based healthcare procurement.
It is critical at the outset to understand what defines truly effective and cost-efficient procurement. Healthcare procurement is NOT simply about lowest invoice cost. Truly cost effective healthcare procurement is far more complex, requiring:
- Focus on the CLINICAL OUTCOME that is targeted to be achieved as well as responsiveness to clinicians' needs and treatment preferences.
- Overall VALUE - Procurement that not only provides basket and line items savings, but provides education (both official languages), procurement support (edi, bar coding), and reporting.
- MEASURABILITIES - A two-fold approach is essential, and must include:
- An ongoing focus on savings throughout the contract life cycle and measurement of these savings.
- Identification of the clinical outcome and monitoring and evaluating to ensure these clinical needs are being met.
Truly effective healthcare procurement MANAGES efficiencies - not just invoice cost and rebate/dividend return. National GPOs focus primarily on invoice and/or unit cost.
Innovation Milestones
CMSL has grown its business year over year. How? By being proactive, innovative and flexible, and by making innovation the cornerstone of our success. In the past few years, Contract Management Services:
- Pioneered cost-saving prime vendor model for pharmaceuticals in New Brunswick
- Facilitated purchase of software systems for New Brunswick RHAs and Community Health Centers
- In partnership with national supplier, designed and implemented comprehensive incontinence program - the first of its kind in Canada
- Had its Atlantic Trade approved processes adopted by national GPO
- Contracted New Brunswick's first Shared Services Study (1997)
- Grown our business by nearly 28% in 2009
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