New aged care procurement survey and benchmarking tool

Aged care procurement survey and benchmarking tool

Inside Ageing and Valtatech recently cooperated in hosting a webinar, where we heard about HammondCare’s journey to modernise its procurement strategy by implementing a cloud-based source-to-pay system across their entire business – approx 60 locations throughout NSW, QLD and Victoria.

If you missed the session you can still access it On-demand here.

The live session attracted a lot of questions, which we’re hoping to answer through a new tool that can help providers understand where they may be at with respect to their own procurement strategy and what type of cost savings they can achieve through a single system that controls spend and manages activity, including e-invoicing and approvals.

The online survey and benchmarking tool can be Accessed Here and takes around 8 minutes to complete. At the end of the session, you will receive a comprehensive ‘Health Check’ that outlines where your strategy is currently at and what type of savings you will be able to secure – in some cases more than $20 to process each invoice.

A detailed 13-page report will be emailed at the conclusion of the survey, providing both a ‘health check’ and risk analysis, with comparisons against other industries and the aged care sector itself.

With many providers experiencing negative cash flow and increased reporting requirements on the horizon, we hope this tool helps quantify where improvements can be made.

We currently have data sets for around 100 businesses across the region, which the report uses to benchmark against.

All company names are de-identified and by taking this survey you will be adding to the pool of data that will be shared with all participants and in future reporting by Inside Ageing.

The survey can be taken below.


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