01.
The Challenge
Radiology Partners (RP), founded in 2012, is the largest radiology company in the US. RP has a national radiology practice that is a physician-led practice transforming radiology for radiologists, radiology practices, hospitals, health systems, patients, and families. RP has experienced significant acquired growth resulting in 8,000+ employees (400 IT staff) and 70+ practices with minimal integration of policy, procedures, systems and tools.
The project sponsor, Sr. VP IT, wanted a supplier assessment and IT spend analysis validating the need to further reduce RP’s supplier network, and establish an annualized IT spend baseline.
02.
What We Did
- Created a multi-tiered Procurement Taxonomy to classify IT spend improving budgeting/forecasting and sourcing needs.
- Captured ‘root-causes’ of supplier concerns – reducing the number of suppliers was a symptom, NOT the solution.
- Identified strategic sourcing opportunities and realistic cost savings.
- Defined core best practices to drive forward optimization within IT Procurement.
03.
Our Impact
In 10-weeks, we identified short-term solutions to bridge policy, process, and data gaps, and identify longer-term synergy opportunities enabling technology to deliver efficiencies and governance.
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