Identifying opportunities for laboratories to drive SKU reduction, cost savings and efficiencies.
$18 million in customer savings
At Cardinal Health, our goal is to help laboratories identify actionable opportunities that enable them to reduce costs while still delivering the high-quality results their patients expect. In fact, we guarantee 10% savings on Cardinal Health brand product conversions.¹
Spend Essentials™: Your roadmap for savings and standardization
With budget pressures and reimbursement cuts top of mind, we have tools that provide you with an easy to navigate roadmap to drive savings and product standardization across your network. The Spend Essentials™ Solution is an interactive data visualization and analytics tool that allows you to view and investigate your purchasing trends so you can optimize your product purchases through Cardinal Health.
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A health system located in the Southeast region of the U.S. was struggling to make informed product purchasing decisions due to limited:
Visibility to the products they were purchasing
People and system resources to analyze their data
Access to material-level details (individual unit price, contracting, manufacturer, locations purchasing and volumes, etc.)
Cardinal Health helped the health system meet their product standardization goals with Spend Essentials™. The solution identifies actionable savings and SKU reduction opportunities based on current purchasing patterns for products purchased through Cardinal Health.
anticipated savings from standardizing three product categories within one quarter of analysis
anticipated savings in total annual spend
anticipated SKU reduction across all facilities
1 CY2017 identifiable savings to Cardinal Health laboratory customers
2These stats were published in Partnering on product standardization, Cardinal Health case study, 2016
All information on this page pertains exclusively to the Cardinal Health U.S. Laboratory Products business