DALLAS--(BUSINESS WIRE)-- Today, MD Buyline, the most trusted source in healthcare for product, price, and performance information, released a new service to their members called Buyline Budget Advanced Review Service (Buyline BARS). This new service empowers hospitals with the tools necessary for a successful budgeting process, including data-driven price ranges, consulting support, and an improved budgeting workflow.
With new healthcare regulations that are expected to increase patient volume, budgets will need to increase to accommodate the additional admissions. At the same time, reimbursement will be reduced in certain areas because of new legislation, and as a result of these changes, hospitals will have to be more efficient in their spending. MD Buyline’s new Buyline BARS is intended to provide hospitals with the means to correctly allocate their financial resources and meet these new demands.
Buyline BARS delivers a data-driven price range for the budget line items submitted. With more accurate prices, hospitals can allocate money to other “wish list” items that may have otherwise been ignored. Additionally, MD Buyline’s consulting support offers hospitals insight into product choice and futures, including information on competing technologies.
Beverly Schierer, Vice President of Research and Analysis of MD Buyline, stated, “Under healthcare’s current cost constraints, hospitals have to better budget their money and Buyline BARS helps organizations do that. Not only does the service provide accurate budgeting prices but, more importantly, our analysts can tell hospitals if the product they’re budgeting for is the right product for their needs.”
About MD Buyline – MD Buyline is the most trusted source in healthcare for product, price, and performance information. The company’s services enable healthcare providers to increase clinical efficacy and to save time and money with every phase of the purchasing process, ranging from researching emerging technologies to final negotiations. Members benefit by making sound technology and financial decisions that result in better patient care. www.mdbuyline.com
Courtney C. Rau
800-375-5463 ext. 6762
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS: Technology Data Management Health Hospitals Professional Services Finance