LogicSource Announces 'Procurement Maturity Model' to Elevate Health Systems to World-Class Operational and Clinical Excellence

NORWALK, Conn., March 14, 2024 /PRNewswire/ -- LogicSource, a leader in procurement services and technology, today announced the release of its innovative non-clinical Procurement Maturity Model, a comprehensive tool designed exclusively for the healthcare industry. The Procurement Maturity Model, developed by LogicSource executives, including healthcare supply chain expert Mark Van Sumeren and health system finance executive David Kirshner, aims to guide health systems toward achieving world-class procurement operations that support exceptional clinical services and financial sustainability.

Organized as a five-stage matrix, the Procurement Maturity Model categorizes non-clinical procurement capabilities into levels ranging from foundational learning to advanced world-class practices. The model stresses the importance of self-diagnosis, encouraging organizations to adopt a growth mindset and actively pursue improvement. Using this model, health systems can set realistic goals, implement strategic planning, and engage in partnerships that elevate their procurement operations.

"The healthcare sector is constantly pressured to deliver top-tier patient care while optimizing resources for maximum value," explained Mark Van Sumeren, General Manager of LogicSource's healthcare division. "Recognizing the pivotal role of non-clinical procurement in this equation, the model emerges as a critical tool for CFOs and procurement leaders by encompassing all aspects of non-clinical spending – from IT services and facilities management to professional services and beyond."

"The healthcare sector is at a pivotal moment where the efficiency of non-clinical operations, such as procurement, can significantly impact the quality of patient care and the bottom line," said David Kirshner, Managing Partner of LogicSource's healthcare division. "This model is designed to guide health systems through a transformative journey, enhancing their procurement capabilities and, ultimately, their overall performance."

"As a former health system CFO, I understand the critical role procurement plays in a health system's success," added Kirshner. "This model is a game-changer, offering leaders a strategic lens to view and improve their procurement functions – and ultimately improve clinical outcomes."

LogicSource will discuss the Procurement Maturity Model in a live webinar on March 27th, demonstrating its application with a real-world health system. Registration for the webinar can be found here .

About LogicSource:

The innovative leader in procurement services and technology, LogicSource is purpose-built to drive profit improvement, mitigate risk, and ensure supply chain continuity through better buying. LogicSource focuses exclusively on the sourcing and procurement of indirect goods and services, which typically represent 20% of an organization's revenue and the area of greatest spending inefficiency. These include complex categories like marketing, packaging, corporate services, facilities, information technology, distribution and logistics, and more, for which organizations often lack the capacity, focus and scale to achieve best-in-class buying. Unlike traditional advice-based consultants, LogicSource is a purpose-built buying utility with assets that are configurable to their clients' needs and ready to deploy. By combining decades of sourcing and procurement expertise, superior market intelligence, cross-portfolio spending leverage, and their OneMarket® Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value. For more information, visit logicsource.com.

CONTACT: Erica Olenski, 678-504-6786, [email protected]

SOURCE LogicSource