Steward Resources.
We will achieve optimal financial performance through strategic resource management, revenue growth, efficient expense management and sustainable financial decision-making.
Strategy 2: Manage expenses more efficiently by improving purchasing systems, maximizing resource utilization, and adopting effective cost-saving measures.
Measure: Reduce cost per patient.
2025 2026 2027 BY WHEN? B=Begin C=Complete
ACTION STEPS
RESPONSIBILITY
2a Establish clear purchasing procedures, including staff roles, spending limits, RFP processes, bidding protocols, and criteria for selecting awards.
April Delozier
B
C
2b Conduct regular reviews of vendor contracts, focusing on office medical supplies, lab services, Stericycle, and other key vendors.
April Delozier/Denise Cone
B
2c Reduce the use of locum tenens staff to manage costs (see Human Resources).
Ashley Barnes/Darainey Hudson
B
2d Develop and implement a comprehensive inventory management plan to optimize resource tracking and utilization.
April Delozier
B
C
Strategy 3: Establish a system for evaluating the financial feasibility of new programs, services, and opportunities to ensure responsible and strategic growth.
Measure: System consistently used throughout organization before beginning new sites, programs, services.
RESPONSIBILITY
2025 2026 2027
ACTION STEPS
B=Begin C=Complete
3a Review and select analysis and decision-making tool to assess the feasibility of new programs and services.
Ashley Barnes/April Delozier
B
C
3b Train employees on the use of the feasibility evaluation system to ensure consistency and understanding.
Ashley Barnes/April Delozier
B
c
3c Implement the system and require its use before investing in new programs, services, or opportunities.
Ashley Barnes/April Delozier
B
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