Manage Your Vendors

As you get into your daily practice routine and have set up vendors to handle everything from medical supplies to office cleaning it is important to consistently monitor the market for opportunities to manage your vendors. While the personal relationship with field reps offers added value to your business there are often vendors where there is no added value to the relationship outside of the transaction. These often come in the form of large national vendor agreements for items like medical supplies or waste disposal. Are you consistently checking in on other vendors that provide a similar service to make sure you are getting the most value for the service provided? For example one medical waste company that you currently use and have used for years may not provide the same value anymore as opposed to if you were a new customer with a different medical waste program. If you have brand loyalty then leverage that new customer quote with the second company to lower your costs with that current company. However, constantly checking in on rates with other companies you are not working with can be a time consuming activity. VM Practice Consulting will source quotes for these services to lower your cost or make sure you get the best rate as a new practice looking for services. This can help you, as the provider, dedicate that time to revenue generating patient care while letting VM Practice Consulting work for you to get the best vendor pricing.