August Consulting helps healthcare provider save millions
August Consulting has helped one of its healthcare clients optimise its procurement opportunities and expenditure, delivering more than $12 million in benefits within the first year.
The company, which had recently been acquired by a private equity firm, is a major healthcare provider with multiple large sites across Australia.
The organisation required a comprehensive review of its enterprise-wide procurement activities and support with the delivery of a program aimed at realising significant ongoing benefits across all clinical and non-clinical spend.
The program was supported by August Consulting, a boutique consultancy specialised in procurement and supply chain services. The consulting firm provided a range of services to the program, including:
- A detailed review of procurement spend and activities
- Developing a pipeline of activities and estimation of their benefits
- Assessing the team’s capability and capacity for ‘business as usual’
- Allocating the team and a consultant-supplied resource to the defined program of work
- Establishing a governance structure and internal stakeholder engagement forums to facilitate a clinical assessment of new procurement initiatives
- Executing these initiatives through both existing and consultant-supplied procurement tools and processes
August Consulting implemented a program of work to deliver quantifiable and auditable, year-on-year procurement benefits, and a tool to track the work and its delivery of those benefits.
This included more than 50 initiatives, ranging from negotiations with incumbents through to large-scale, go-to-market exercises across all spend areas, including clinical consumables, prosthetics, pharmaceuticals, energy, labour hire and site maintenance.
Headquartered in Brisbane, August Consulting services clients from diverse industries, including healthcare aged care, manufacturing, education, agriculture and oil and gas.
