CASE STUDY

How SpendEdge’s Health Care Cost Benefit Analysis Improved an Organization’s Overall Savings by 20%

Nov 9, 2018

Overview of Health Care Services

The global health care industry has witnessed steady growth with soaring health care expenditures around the world. This growth is essentially driven by the expanding world population, rapid urbanization, and increasing demand for the treatment of chronic diseases and comorbidities. As the global health care services industry’s growth continues to be strong and stable, several issues have started restraining the development of the global health care services industry. Let’s glance through some of the challenges faced by companies in the health care services industry:

  • DemoTechnical advancements: With the introduction of advanced health care technologies, players in the health care services sector are increasingly being challenged to devise new ways to engage customers and drive value.
  • Increased data demands: Improving customer experience is the key to improving profit margins. To do so and overcome data-driven challenges, businesses in the health care sector are looking at implementing health care analytics to examine real-time data.

Benefits of a Cost Benefit Analysis Template?

For companies to thrive in today’s competitive marketplace, it’s essential to get the most out of every available option, idea, and investment. To succeed in doing so, several businesses, including large well-established organizations have started leveraging a cost benefit analysis template to take critical business decisions that are based on hard facts. By employing the right cost benefit analysis template, companies can identify the highest ROI based on price structures, resources, and associated risk factors.

Steps in Cost Benefit Analysis Template Creation

Listed below are the fundamental steps to be adopted when developing a cost benefit analysis template:

  • Developing industry benchmarks                      
  • Evaluating new opportunities
  • Weighing investment options
  • Analyzing social benefits
  • Assessing the desirability of industry policies
  • Implementing change initiatives
  • Quantifying impacts

Why SpendEdge? 

For more than 15 years, SpendEdge has been assisting clients across various industries with the best-in-class procurement and supply market intelligence solutions to drive sourcing and procurement excellence. Our procurement solutions have assisted procurement and sourcing professionals from the top 500+ organizations to gain actionable insights for better decision making.


Interested to know how our cost benefit analysis template helped a health care services industry client? Continue reading or request a FREE proposal.

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