One of our clients was in the process of purchasing 14 facilities when he turned to us for some help. In order for his group to get a better mortgage rate, enabling an affordable sale, he needed us to send a statement of all the money that we had helped him save in...
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Picking the Right Pair of Pants
Have you ever used the price comparison tool on a retail site? I have, I actually use it all the time. I go to my favorite website, pick a few items and then compare them one against the other. I can see, laid out in front of me, which one is the best fit. I can base...
When was the last time you converted savings into actual money in your pocket?
Saving money is always on everyone’s mind. How can I save money? How do I maximize the amount of money I save? There are several factors to consider when it comes to saving money in your facility. Some are more obvious- replacing outdated systems, battling overtime...
Healthcare Group Purchasing Organizations: 3 Takeaways
A recent article in Forbes reported how group purchasing organizations (GPOs) are playing a huge role in healthcare’s supply chain management. By most accounts, the Affordable Care Act has increased access for previously uninsured individuals. However, it has not...
Long-term Care: 3 Ways NOT to Cut Costs
Long-term care facilities and skilled nursing facilities must respond to the rising cost of care and find ways to protect their bottom lines. According to an article in the Harvard Business Review that surveyed 50 US-based healthcare providers, many attempts to cut...
Pinching Pennies: Healthcare Supply Chain Lessons From The U.S. Mint
Wednesday, January 16, 2013 By Michael Greenfield, CEO, Prime Source It seems that even if you have a license to, literally, print money, it might not be enough in today’s world. As reported recently, the cost of manufacturing both a penny and a nickel is now more...
Prime Source Warns Long-Term Care Facilities To Expect Rising Food Prices In 2013
Tuesday, January 8, 2013 By Michael Greenfield, CEO, Prime Source While long-term care and other healthcare facilities are no longer worrying about milk prices doubling due to the ‘Dairy Cliff’, drought and other factors are predicted to cause food prices to rise...
Prime Source Attends The HCANJ 64th Annual State Healthcare Convention & EXPO
Sunday, October 21, 2012 By We would like to thank everyone who visited us at the HCANJ show this week. It was a pleasure meeting you! The HCANJ 64th Annual State Healthcare Convention & Expo was attended by over 250 exhibiting businesses and more than 2,500...
Prime Source Welcomes United Hebrew Home And Newark Extended Care
Thursday, December 27, 2012 By Prime Source is proud to announce that United Hebrew and Newark Extended Care have selected Prime Source for their purchasing needs. We look forward to serving these two exceptional healthcare organizations. United Hebrew Home is a...
Forget About The Old Methods: New Alzheimer’s Test Poised To Change Industry
Here is a revolutionary piece of news about Alzheimer’s Disease that you won't forget anytime soon. According to a recent article in Forbes Magazine, a team of researchers at Georgetown University have developed a simple blood test which they say can predict, with 90...