Our Approach
Pathstone improves bottom lines for our client partners without sacrificing quality and service levels with an emphasis on maintaining the highest patient care standards.
Identify Key Opportunities for Margin Improvement.
Pathstone leverages its market intelligence and deep subject matter expertise to evaluate current spend practices and trends to identify areas of opportunity to enhance the bottom line.
Through a collaborative effort with our client stakeholders, a clear path to financial improvement is developed through a review of current and expiring agreements, pricing evaluation, product standardization reviews as well as revenue enhancement opportunities. Each initiative is vetted with our client stakeholders and co-developed for maximum buy-in and support.
Implement a Plan of Action.
Through a collaborative process, Pathstone engages with all relevant organizational stakeholders and facilitates critical interactions with suppliers to implement margin improvement strategies. This is achieved through the deployment of a variety of value levers such as price, utilization, standardization, revenue enhancement, make vs. buy and strategic alliances. We work as an extension of your team to drive value and execute long-term sustainable results.
Review, report, and sustain our results.
Pathstone provides Post-Implementation Review of initiatives to understand the organization’s ability to sustain benefit achieved and identify strategies to address or enhance the ability to sustain benefit over time.
Pathstone also ensures sustainable results post-implementation through Talent Development. Keeping a continued focus on talent development has been shown to drive 10x value over longer time horizons beyond implementation timelines.
Post-Implementation Review activities include collecting relevant data, such as supplier data and invoices, and analyzing actual annual value delivered by initiative. In addition, Pathstone identifies key processes, infrastructure, or tools to continue to sustain value and presents these findings to key stakeholders.
