We are Idalius Medical Consulting Services, a leading consultancy designed to help medical device industries in their expansion to attain new avenues of Business Success
Healthcare Device Manufacturers
Healthcare Device Distributors and Dealers
- Procurement process of Medical Devices
- Managing ROI on high value Medical Equipment
- Managing hidden cost in procurement
- Helping customization in medical equipment
Procurement is the process of selecting vendors, strategic vetting, establishing payment terms, selection, contract negotiation, and final purchasing of goods. Proper procurement management is important because if it’s not done properly, an organization can end up spending well over half of its revenue on purchasing goods and services.
Healthcare organizations oftentimes cannot access procurement data to develop actionable steps to boost efficiency. The lack of health IT to identify and analyze procurement data can lead to a lot of wasteful spending. In response to healthcare procurement challenges, more provider organizations are looking to implement health IT systems that can better manage procurement costs under value-based reimbursement models. Many value-based reimbursement models require healthcare organizations to accurately measure and compare healthcare costs with the outcomes of the patient.
The core of healthcare procurement spending is the cost of the product, but healthcare organizations should be aware of invisible costs associated with the procurement, such as inventory holding and distribution expenses. Understanding the costs behind utilization, internal distribution, inventory holding, and special deliveries will not only yield savings but will also enhance clinician and patient satisfaction.
Generally, medical equipment is produced in high volumes with standard specifications. However, customization in specifications to meet the specific needs increases the medical equipment procurement cost. The manufacture of such specific products may result in errors as the companies struggle to meet the demands of the end-users within the stipulated time frame.
In Which We Expertise
New Markets Expansion
New Product Portfolio
Legal and Regulatory
"Helping Health Care Professionals, Healthcare Device Manufactures, and Healthcare organizations to expand in new avenues of Business Success."
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1. For Healthcare Institutions