5 Ways Hospitals are Wasting Money

5 Ways Hospitals are Wasting Money

Hospitals and surgery centers alike are constantly looking for ways to budget and save on cost wherever possible.

Yet, they don’t realize it’s not just about saving but looking at the source of their spending to overcome their budgeting problem.

Here are 5 ways hospitals are wasting money and why they should start rethinking where their dollar goes.

1. Spending Money on the “Middle Man”

Sales representatives are sent to hospitals and surgery centers to promote their product and provide them with a quote since their prices aren’t transparent—it is not listed or available to the public. They act as a “middle man” bridging the gap between the manufacturer and the hospital and receive commission per sale as compensation. Why deliberately pay someone to spoon feed you the information you should have had to begin with and convince you to buy something you wanted from the first place– or worse, convince you to spend money on something you didn’t need to begin with.

2. Using Too Many Resources to Simply Place an Order

Purchasing is a long, whirlwind process where it requires too many heads and too much time to complete a single transaction. The hospital must go through countless ricocheting between the doctor, the OR manager, the purchasing director, the purchasing department, and the sales rep for the sake of creating and finalizing a Purchase Order in their purchasing system. One could only imagine the additional lag time between each step as it lands onto each department’s lap to wait on their decision and approval to proceed into the next.

3. Paying for the Name

Doctors and surgeons stuck in their old ways of thinking are insistent to only purchase equipment from name brand manufactures whose prices are steadily increasing despite the instruments have remained unchanged for decades. Why pay more for the name of the same quality product when an alternative is just as good and cheaper?

4. Not Utilizing Repair Services

Broken equipments that were deemed to be obsolete can be brought back to life at a quick turn around at a fraction of the purchasing price under AED’s Service and Repair Programs . With over 30 years of experience, 99% success rate, a 90 day warranty and a complimentary diagnostic evaluation, it would be ludicrous not to take a chance at refurbishing when it means you can save up to 60-80% of the cost of buying new.

5. Wasting Time Not Purchasing Directly Online

Why waste precious time waiting on reps or other departments to get back to you or for it to be the appropriate business hour when you can place an order anywhere, at your leisure, 24/7 with a fast and easy checkout? Endoscopy Superstore conveniently has all your endoscopy needs in stock and available for direct purchase online with a click of a button.

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