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SERVICES

RDA offers a broad range of supply chain consulting and resource management services which provide tangible and sustainable value to its clients through improvements in operational efficiencies and reductions in unnecessary cost.

 

Click here to see a list of RDA's Scope of Services.

Cost Management

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RDA leverages its Enhanced Value Analysis Program and proprietary technology and product research solutions to deliver significant and measurable results in cost reduction and sustainable cost containment efforts.

 

Our technology tools support cost management initiatives that enhance data analytics, value analysis, and PPI cost reduction services in collaboration with physicians and clinicians in achieving desired savings outcomes for acute and non-acute healthcare providers.

 

RDA offers the following Cost Management Program services to the healthcare industry to lower costs, drive efficiencies, and improve quality:

 

  • Enhanced Value Analysis & Collaborative Clinical Decision Support Programs

  • Supplies & Purchased Services Spend Analysis

  • Identification of specific standardization opportunities

  • Cost savings opportunity analysis for contracting opportunities

  • Invoice-to contract audits

  • GPO compliance/maximization, best pricing, and capture of rebates & incentives

  • Non-file/non-catalog item analysis

  • Identification of undocumented/unknown costs. i.e.; excess utilization/consumption of supplies or services, overpayment for incorrect pricing & sales tax; or lost rebates/credits; and failure to recoup dollars when higher cost items were substituted by a supplier

  • Contract Gap Analysis

  • Contract Compliance Analysis

  • Facilitation of the product/purchased service selection process (negotiate/Bid/RFI/RFP, pricing benchmarks, contract templates)

  • Contract Negotiation

  • Contract repository solutions (all supplies and service contracts)

  • Hospital or System-wide contracting for supplies & purchased services

 

Fee Structure Options

 

RDA offers its Cost Management Programs with the following Fee Structure Options:

 

  • Fee-For-Services – Flat monthly rate based on scope of services, savings target, number of resources required and duration of the engagement.

  • Gainsharing – Monthly rate equal to 25% of projected annualized savings at time initiative is approved by client for implementation, with consideration to cap Fees at a pre-negotiated dollar amount based on identification and implementation of a specific savings target to reach the cap.

  • Guaranteed Savings Ratio – Total Project Fees are adjusted to equal no more than 25% of projected, annualized savings at the end of the engagement period, with a Rebate Clause where RDA would rebate the client a percent of monthly consulting fees paid if the guaranteed savings target is not achieved upon completion of the engagement to meet a Guaranteed Savings Ratio of 4-to-1.

 

RDA targets the achievement of at least a 4-to-1 ROI for its Cost Management engagements regardless of the selected Fee Structure Option. RDA Cost Management agreements with clients contain mutually agreeable descriptions and examples for documenting, calculating, and reporting actual savings throughout the term of the engagement to ensure achievement of the desired savings target.

 

RDA offers its Contract Management Services, resources and technology solutions on a fee-for-services basis for either an interim or extended period of time, per client-specific requirements.

 

No Cost, No Obligation Program

 

Utilizing our proprietary Savings Opportunity and analytical processes, RDA provides clients with a No Cost, No Obligation Analysis that identifies potential savings opportunities for specific categories of high dollar volume supplies and PPIs such as Spine and Hips & Knees.

 

For more information on how you can receive a No Cost, No Obligation Savings Opportunity Analysis and/or a PPI Vision Technology Analysis for your organization, click here. 

Supply Chain

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Supply costs, labor and overhead related to supply chain management can account for as much as one-third of a hospital’s operating budget, and therefore, present opportunities for significant savings through the elimination of redundancies in the supply chain, operational improvements, and increased efficiency in the related logistics and materials functions.  As healthcare institutions realize this potential for savings, they are seeking experts in this field to identify and affect these areas of opportunity.

 

RDA assists healthcare institutions evaluate their supply chain management and related logistics operations in order to identify opportunities to improve efficiency, productivity, and service.  In association with operational redesign, RDA can identify additional cost reduction opportunities from inventory asset optimization and reduction initiatives, product standardization, spend and utilization management, product pricing, contract compliance, invoice errors, and purchased services audits in order to address the full scope of supply chain operations.

 

Interim Management Services constitutes the assumption of responsibility and authority for the supervision and management of specific departments or operational activities.  This control of the healthcare institution’s personnel and resources could be provided from a central location or could involve the placement of an RDA resource(s) on-site on an interim basis or for an extended period of time, usually twelve to twenty-four months. Contracted Resources Services involves 1) providing experienced resources to support a client’s internal high-priority projects based on a shortage of available resources or skill sets to support these projects; 2) providing resources for rapid response to support any internal supply chain situation on a temporary basis; 3) or providing resources for an extended period of time to perform supply chain services, or functions per client-specified requirements.  

 

Click here to obtain information on how to receive a No Cost, No Obligation Supply Chain Continuum Check-Up.

Strategy

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RDA promotes supply chain strategies that balance labor and non-labor investments, and that convert supply chain operations from a transactional to a transformative model.   RDA supply chain methods focus on the achievement of operational excellence and consistency in supply chain processes, quality improvements, and sustainable savings to support the cost reduction requirements of the Affordable Care Act and its impact on operations and operating margins for all health care participants in accountable care.

 

Partnerships are forming between suppliers and healthcare providers where consulting and management services are being provided as a natural offshoot of these developing and progressive relationships. These arrangements bring about the need for an independent, outsider’s viewpoint to verify the integrity of the programs.  RDA prides itself in being an independent contractor offering unique, unbiased, customized programs and services developed through a hands-on team approach involving the client’s staff which results in a tailored program designed to meet the client’s specific needs and allows for a transfer of knowledge for sustained results.  RDA can assist healthcare institutions in staff training, development, and mentoring/coaching services in order to build and sustain a high performance supply chain management operation.

 

STRATEGIC ALLIANCE NETWORK

 

RDA has established a strategic alliance network with several healthcare companies that provide specialized services to the healthcare industry.  

 

Following is an overview of the service offerings provided by RDA’s current Strategic Alliance Network Partners:

 

  • A group of niche independent healthcare supply chain consulting companies that have aligned to expand their service offerings, expertise, resources and technology solutions in supporting the healthcare industry

  • A company that offers comprehensive medical facility and logistics planning services

  • A company that acquires hospitals short dated and surplus products; and offers private label products for sale on line

  • A company that provides business advisor services to the healthcare industry

  • A company that incorporates a network of service companies that provide comprehensive integrated Best Practices™ solutions to the healthcare industry that delivers significant cost savings for their clients

  • A company that provides physician support services and products

  • A company that provides a broad range of operational and consulting services to leading healthcare providers and health plans

  • A company that provides lean healthcare management systems development and deployment and strategic development and deployment to hospitals

  • A company that provides physical inventory valuation services, asset management services, consulting and technology solutions

  • A company that has a group of nurses, physicians, technicians and analysts that provide operational assessment, operational improvement interim management, mentoring and education in Perioperative Services, Sterile Processing, and Emergency Departments

  • A company that builds and markets web based supply chain solutions which is delivered via an Applications Services Provider (ASP) which allows minimal technology investments. Also this company has developed applications that support Low Unit-of-Measure (LUM) programs utilizing an integrated bar-code technology to improve the accuracy of managing clinical department inventories. Their solutions are capable of integrating with hospitals ERP systems

  • A company that provides supply storage products and storage design solutions while maintaining infection control standards and ergonomics for product replenishment and retrieval. This company also has a Kanban solution to support a LEAN solution for supply storage and a visual signal when product needs to be reordered

  • A company that is is the most respected and experienced sales and marketing firm in the US, supplying specialization in GPO, IDN and Major Health System market share expansion for healthcare suppliers.

 

Click here to see a list of our Strategic Alliance Network Partners.

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