Healthcare Category Expertise

Information technology continues to play an increasingly vital role in healthcare organizations, with providers investing heavily in their electronic health record (EHR) systems and expanding their digital tools and capabilities in both clinical and non-clinical functions. As a result, spend with IT has continued to grow annually, representing 10% of a hospital’s total non-labor spend.

Non-clinical purchased supplies and services are essential to the operational side of a healthcare system and, consequently constitute approximately 35-40% of hospitals non-labor spend. Due to the increasing need of these services, hospitals need more efficient ways to control the overwhelming costs associated with them.

Clinical purchased supplies and services are the backbone of healthcare organizations all over the country and directly impact a patient’s quality of care. With recent increases in clinical purchased services, hospitals have increased attention and focus into cost saving initiatives. At Pathstone, we have found that about 30-35% of a hospital’s total non-labor spend is dedicated to clinical supplies and services making this a prime opportunity to drive value for our clients.

We understand that laboratory services can be complicated and overwhelming. By partnering with us, you will gain access to a knowledgeable management team of consultants with deep industry experience, who can help you bring clarity and discover value in a highly complex segment of healthcare delivery.

Pharmacy is a vital function of healthcare organizations, and the demand is only continuing to grow as the median age of the population increases, and with it, the number of individuals who require medication to treat health issues. Pharmacy represents approximately 13-15% of a hospital’s total non-labor spend.