Coconut Creek, FL (PRWEB) April 7, 2006
Benchmarking Excellence, LLC has been formed to provide hospitals with a unique blend of data, research, content and supply chain expertise to assist them in reducing the cost of their in-house materials management operations. This step follows the enthusiastic response to the recent launch of a unique hospital materials management benchmarking program.
Hospitals need to find new ways to save money and the materials management function is a significant area of opportunity that is often overlooked. But removing costs from this area is difficult because the real costs of providing materials services within the hospital are rarely measured. It has been estimated that nearly 40 percent of supply related costs in health care are spent moving supplies. If true, a hospital with an annual supply budget of $50 million would have a real total materials management operational cost of as much as $20 million dollars per year.
The company’s flagship benchmarking program allows hospitals to compare their total supply management cost per average occupied bed against other similar sized hospitals. The company’s web site is expected to become a repository of performance improvement content, including data from other industries, designed to enhance customers’ operational savings. Customers will also benefit from training and guidance in implementing Activity Based Management.
Benchmarking Excellence, LLC’s mission is to help hospitals reduce the cost of managing and moving supplies. The company’s innovative benchmarking program will be supported with content and Founder and General Manager Lynn Everard’s supply chain operations expertise and will energize the cost management efforts of participating hospitals while they remain in full control of their materials operations. According to Everard, “While some suppliers and consulting firms do touch on this area it is often not their core expertise. Benchmarking Excellence is neither a supplier nor a consulting firm and is therefore able to deliver its array of services free from the pressure to sell supplies or consulting services. And most customers will be able to enjoy the company’s services for an entire year for less than the cost of hiring a single consultant for a single day.”
The company’s services will also benefit hospital senior executives who have grown frustrated with being unable to effectively measure the financial and operational performance of their materials management functions.
Benchmarking Excellence, LLC is a hospital materials management performance improvement resources firm that uses data, research, content and supply chain expertise to support hospitals in their efforts to measure, manage and optimize their materials management operations. To learn more visit the company’s web site at http://www.benchmarkingexcellence.com or call 954-647-3554.