Strategic Sourcing
STRATEGIC SOURCING & VENDOR MANAGEMENT
Revenue Cycle Strategic Sourcing is a systematic and proactive approach to developing 3rd Party Partnerships that goes beyond simply finding the lowest price for Revenue Cycle services. Too often, Providers are lured into low-cost vendor partnerships only to offset those savings with declining revenue recovery or other key financial misses. At Capsys, we focus on objectively assessing current operations and performance, analyzing market dynamics, building strong supplier relationships, defining measurable performance expectations, and making informed decisions that align with the Provider’s overall business strategy and goals.
VENDOR DUE
DILIGENCE
Benchmark and assess the capabilities, performance, and risks of existing or potential RCM Vendors.
IN-SOURCE / OUT-SOURCE
STRATEGY
Alignment of corporate strategies, core competencies, and financial objectives to inform the organization’s RCM In-Source / Out-Source strategy
STRATEGIC
SOURCING
Multi-step process for the identification, evaluation, and selection of the best-fit RCM partners
E2E RCM OUTSOURCING ADVISORY
Strategic Sourcing program tailored to the complexities and uniqueness of End-to-End (E2E) Managed RCM Services.
VENDOR PERFORMANCE MANAGEMENT
Assess incumbent vendor performance, SLA compliance, invoice accuracy, and institute robust Q/A monitoring programs.
CONTRACT RE-NEGOTIATIONS
Restructure contractual agreements to optimize financial terms, align vendor incentives, and ensure partnership objectives
