Non Labor Expense Reduction

Second only to labor costs, non labor expenses account for a very significant portion of your operating budget. And although every hospital and system has worked hard to reduce their supply costs, significant opportunity still exists to reduce non labor costs and deliver annual savings to your bottom line.

We partner with your department leaders across your organization to investigate expense reduction opportunities across every non labor cost center – supply chain, food and environmental services, marketing, facilities, pharmacy, laboratory, technology, and more. We also partner with your staff to develop a culture of accountability to maintain the savings. The result: tens – even hundreds – of millions of dollars in sustainable, annual non labor savings.

Client Benefits

Reduce non labor expenses
Engage physicians
Improve pricing and contract terms
Enhance standardization
Ensure sustainability of savings
Reduce costs and improve quality

Our Approach

For more than two decades, Novia has partnered with hospitals and healthcare systems to improve their efficiency, quality and financial health. Today we continue to work with hospitals and healthcare systems to transform their non labor expense management as they face increasing pressure to reduce costs associated with this major cost center.

Every client project is overseen by a clinician and every project team comprises a project director responsible for ongoing client communication and subject-matter experts with immense knowledge as well as established healthcare consulting experience. We begin each project with an assessment phase to identify opportunities to reduce costs and increase efficiencies. We then vet each opportunity with you and together we prioritize the opportunities and determine the project plan to achieve the results. Once agreed, we move into implementation phase.

All along, we remain focused on our core tenets:

  1. We do good client work… every time
  2. We assemble strong teams
  3. We motivate our people for exceptional performance
  4. We operate our business in a manner that ensures your future and ours

Ready to Talk?

Contact Tom Fox today to discuss how Novia Strategies’ Non Labor consulting solutions can help your organization succeed.

Tom Fox

Thomas Fox III

Managing Director

Email | 866-747-4200 | LinkedIn | Bio