Name: Best Way to Manage Vendor's Complex Pricing Structures - Healthc…
Description: Best Way to Manage Vendor's Complex Pricing Structures - Healthcare Management Here’s how you can tackle vendor’s complex pricing structures: Ask for line item deta…

Best Way to Manage Vendor's Complex Pricing Structures - Healthcare Management
Here’s how you can tackle vendor’s complex pricing structures:

Ask for line item details for every aspect of your purchase.

You can take the complexity out by:

- putting the line item details in the contract
- giving explanations and being very specific
- thinking about all the what-ifs
Example: What happens to the contract if you sell a hospital or buy another one.

But for some reason, if you can’t get down to that line item detail level, here are 2 ways to manage complex pricing structures:

1. Have a precise review of your monthly invoices.

This will allow you to capture any pricing issues in real-time every month.

You can even hire a company to perform this reconciliation.

2. Discuss your invoice with your vendor in quarterly business reviews.

You can resolve any issues in that quarter.

It’d ensure you don’t have a dispute that takes years to remedy.

Let me know if you found this helpful!

Subscribe Here: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw?sub_confirmation=1

Discussed Topics:
1. Vendor's Complex Pricing Structure
2. contracting, contract negotiations
3. Contract Management
Recommended Playlists:

Data Analytics - https://www.youtube.com/watch?v=9vAZJtC8gWs&list=PLgrQkbpxRHsxRjr6sU-2wlx0CpNyqaCU-

Hospital Supply Chain - https://www.youtube.com/watch?v=gqbYXSXtPd8&list=PLgrQkbpxRHsw8QbmxIbg8DaRGf69zTzC9