Net Gains for the Network
From cost savings to compliance, aptitude helps the Independent Hospital Network Sourcing Group drive value – quickly and easily. For the Independent Hospital Network (IHN) Sourcing Group, it all started by changing a diaper contract. “We were trying to find solutions to bring to our toolbox and get more speed to value,” said Shawn Katusin, executive director of the IHN Sourcing Group. “The aptitude platform had caught my eye, and we decided to try it out.” With thousands of contracts and multiple member hospitals to manage, Katusin wanted to find a faster way to achieve cost savings. “It can take from two to six months to execute a contract, so we were interested in new ways to use data and technology to streamline the process,” he said. Using aptitude, Katusin and his team executed a contract for diapers in only 29 days, resulting in projected savings of $145,439, or 45% of the total annual spend.
"If a supplier commits to a price based on volume, the member needs to hold up their end of the bargain."