CFO Insight Series: Don't Be Fooled - Compliance Drives Standards

Posted May 7, 2018

Publication by Prodigo Solutions, Inc.

The average contract utilization for healthcare providers is 57%, which means a typical provider is fortunate to realize half of the savings negotiated in the contract. Working twice as hard to realize half the benefit hardly seems like the best way to drive savings. If providers can’t create an environment that eliminates maverick spending—one that not only forces utilization of existing contracts, but also drives the behavior that triggers negotiated price incentives—then what’s the point?

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