Cost Reduction Solutions & Consulting for Hospitals | Plante & Moran
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Cost Reduction (eMusic) 

Cost Reduction (E-MUSIC)

 In order to help our hospital clients cope with increasing pressures to provide more for their patients with less money, Plante & Moran’s management consultants have developed a cost reduction solution with a guaranteed ROI of 7:1* and an expected ROI of 9:1.

 

Cost Reduction Solutions for Hospitals: With a guaranteed 7:1* ROI, E-MUSIC will save you money

In order to help our hospital clients cope with increasing pressures to provide more for their patients with less money, Plante & Moran’s management consultants have developed a cost reduction solution with a guaranteed ROI of 7:1* and an expected ROI of 9:1.

E-MUSIC is a decision implementation service that helps hospitals End Medically Unnecessary Supplies in In-patient Care. E-MUSIC zeroes in on the 80,000 different items and resources that hospitals use, from shoe covers to repair contracts, and looks for ways to minimize usage and cut costs. 

A 254-bed, acute care facility in Illinois used E-MUSIC’s patented algorithmic filter to select and sequence savings opportunities from E-MUSIC’s long list of solutions. One of the solutions they chose was to use standard surgical packs rather than custom surgical packs, eliminating $239,067 in direct costs or 19 percent of their total cost for procedure pack purchases. This was just one of 60 E-MUSIC solutions that the hospital decided to use. They also implemented several solutions pertaining to reducing physical inventory, blood use, lab studies, and femoral closure devices.


There are no catches

E-MUSIC is a cost reduction solution that can achieve the promised bottom-line savings with no layoffs and no reduction in quality of care. The physicians, nurses, and operations improvement consultants who developed E-MUSIC have identified 600 ways to begin cutting hospital costs. 

Ode to cutting hospital costs

By implementing E-MUSIC cost reduction Solutions, including laundry expenses, supply-based contractual obligations, and surgical supplies, a 222-bed hospital saved more than $550,000 in less than two years. By using a third-party company to negotiate maintenance and repair contracts, a 200-bed hospital saved $116,000 in a year... and that’s only the beginning. One hundred percent of E-MUSIC hospitals that completed two-year engagements achieved greater than 7:1 ROI. 

Results come quickly

To begin the E-MUSIC process, your key management team will be asked to complete a 20-minute questionnaire online. The questions relate to resource utilization, operations, and processes. We will select and sequence the most relevant Solutions for your facility — those producing the biggest savings ASAP. We also will provide on-site implementation advice.

We deliver a new set of cost reduction Solutions and implementation advice every 21 days. Our experienced consultants will visit every 60 days to ensure effectiveness. And there is a help desk available 24/7 to answer questions and offer suggestions and support.

The goal — to quickly begin cutting hospital costs.



*This guarantee does not apply to Plante & Moran audit clients due to restrictions by the AICPA.

 

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