Closed-loop savings validation for your healthcare organization is an essential best practice to ensure that savings estimates made when budgeting are accurate and verified. Auditing your supply expense saving estimates and accuracy of data helps strengthen the probability of a positive end result.

Holding vendors to their promises and guarantees and validating projected savings estimates quarterly will help you to anticipate budget fluctuations accordingly and ensure that your savings projections are accurate.

Healthcare Purchasing News offered insight on the importance of auditing savings estimates, read more about it here:
https://www.hpnonline.com/sourcing-logistics/article/21105917/closedloop-savings-validation-is-what-professionals-do