Healthcare Facilities and Non-Clinical Cost Optimization

Healthcare Facilities and Non-Clinical Cost Optimization

Many industries manage their facilities and related expenses better than healthcare. Facilities and Non-Clinical Operations (FANCO) represent about 25% of a health system's expense. Frequently, there are 5-20% annual savings opportunities.

FANCO

Common domains to consider are:

  • Maintenance, Repair, and Operations
  • Medical Equipment Management
  • Regulatory compliance
  • Utility Services
  • Hospitality Services
  • Business Support (professional services, document management, etc.)
  • Equipment and Capital Planning
  • Real Estate & Facilities Management
  • Revenue Cycle Management
  • Banking and Merchant Services
  • Insurance
  • Utility Bill Administration
  • HR Services (employee benefits, training, etc.)
  • IT Services
  • Warehouse and Distribution Services
  • Performance Reporting

A few sample questions to ask of current state:

  • Can I see the spend for type of expense and compare across facilities?
  • Is the payment of our utility bills automated? Have we taken steps to lower the energy consumption to lower cost?
  • Are we getting the best price for MRO equipment (GPO or clearinghouse used for best prices for items such as service contracts, ladders, paint, air filters, etc.)?
  • Have I leveraged AI to ensure accurate bill pay (duplicates, excess/erroneous, etc.)? Getting all available incentives through bill pay process? Is it automated??

Would you like to learn more about Facilities and Non-Clinical Cost Optimization?

GlideNet Healthcare has extensive experience building and deploying Facilities and Non-Clinical Cost Optimization programs. Reach out to get started today!

?Mark Wess, MD

Chief Information and Analytics Officer

GlideNet

[email protected]

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