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How Hospitals can Save Millions of Dollars on Physicians Pre

Above the Standard Procurement Group® located in Middlesex, NJ is proud to introduce a new cost reduction tool to help hospitals lower their costs. They partnered with a company that can implement cost reduction strategies for a hospital’s Physician Preference Items (PPI). They partner with the client hospital on how to structure and save money on their vendor pricing contracts.

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How Hospitals can Save Millions of Dollars on Physicians Pre

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  1. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  2. How Hospitals can Save Millions of Dollars on Physicians Preference Items Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  3. Above the Standard Procurement Group® located in Middlesex, NJ is proud to introduce a new cost reduction tool to help hospitals lower their costs. They partnered with a company that can implement cost reduction strategies for a hospital’s Physician Preference Items (PPI). They partner with the client hospital on how to structure and save money on their vendor pricing contracts. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  4. The Physician Preference Items industry is approximately $30B. This is projected to grow above 8% per year, which is driven by the Baby Boomer generation. Surgeons manage 80% of a hospital’s PPI surgical devices budget. Hospitals are under considerable pricing pressures from insurance companies and the government to lower costs. As a result, surgeons are realizing pay increases of only 2% per year. Also, hospitals are no longer buying the surgeons recommended surgical equipment and implants to perform their gifted surgeries on the severely injured and people near death. As a result, the top surgeons in the country are moving to other hospitals that can afford to perform the surgeries with the latest andcutting edge of surgical implants on the marketplace. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  5. Client hospitals have realized actual cost reduction of approximately 15% to 45% on current PPI service line expenditures. A few of the Physicians Preference Items serviced include: Neuro & Spine, Orthopaedics, Cardiovascular, Sports Med, Trauma, and Biologics. The company offers their services on a pay-for-performance model meaning that no fee is charged unless the client hospitals save money as a result of their cost reduction expertise. The company will share in the client hospitals cost savings over a defined period of time. There is no risk to the hospital to have their Physicians Preference Items (PPI) reviewed by their company experts. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  6. PPI’s require a highly specialized knowledge of the surgical expedients, the manufacturers, hospital internal supply chain, hospital administrator, surgeons, and finance officer. The company will provide dedicated resources to the hospital at no additional charge to partner with the hospital to evaluate, develop, and implement cost reduction strategies. These associates develop effective Physicians Preference Items price and service charge contracting, monitoring, reporting strategies, and practices.Their experts will enhance communication between surgeons, hospital administration, supply chain directors, finance officers, and procurement. They establish the trust to balance the physician /supplier relationship with the surgeons. The company experts provide critical experience with surgeons on the education and implantation of PPI devices. They educate physicians on using the right product for the right patient in order to optimize patient outcomes and the bottom line. The company experts identify pricing and servicing inefficiencies. Also, they develop solutions that help hospitals at the strategic and tactical levels by delivering a higher quality of care, while increasing profit margins! Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  7. The company experts optimize and exploit opportunities, identify PPI unsubstantiated charges, and PPI service fees. They develop an effective device and cost reduction strategy. They ensure all stakeholders’ internal and external are given status updates during the entire process. They prepare the procurement department with all of the documentation to re-negotiate device and service fee contracts. Also, they assist in the direct negotiations as well. The company experts implement the renegotiated contract with the key stakeholders’ and monitor invoices to identify any added or fraudulent charges. After the recommendations are implemented, the company shares in the hospitals cost savings over a defined period of the time. The cost savings are added back to the bottom line and can be used for other strategic initiatives within the hospital to save lives. There are no upfront costs for the hospitals that utilize this service. The company only makes money when the client hospital saves money. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  8. For more information on how to lower Physicians Preference Items, please contact Above the Standard Procurement Group® toll free at 855-271-1700 or 732-271-1700. You can find them on the web at www.ATSCostReduction.com. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  9. Above the Standard Procurement Group® provides cost reduction, procurement outsourcing, and business growth services. They are a privately owned company located in Middlesex, NJ. Above the Standard helps small to fortune-100 companies, hospitals, non-profits, and school districts save money on products and services they are already buying and improves their bottom line. Their founder has delivered results over 30-years saving clients billions of dollars. Above the Standard Procurement Group® provides their services on a pay-for-performance basis meaning there are no up-front costs and only make money if there are cost savings. They share a percentage of the cost savings when the program is implemented. Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

  10. ATS Cost Reduction and Business Growth Contact Us ATS Cost Reduction and Business Growth Contact U Compass Advisory Services Corp. P.O. Box 686, Middlesex, NJ 08846 , Office: (732) 271-1700 , Fax:  (732) 271-1701 , Attn: Dan Barlette, Jr. , e-mail:  DBarlette@ATSCostReduction.com

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