January 12, 2021 – Yankee Alliance and Conductiv, a third-party spend optimization solutions provider, have partnered to bring a first-of-its-kind regional Purchased Services Readiness Program to their members.
Yankee Alliance will access Conductiv’s analytics software, contract intelligence products, and local group purchasing expertise to achieve savings at scale.
Conductiv’s sourcing experts will evaluate individual members’ needs and develop a tailored Purchased Services Program complete with an actionable sourcing roadmap, the company says.
Additionally, Yankee Alliance will utilize Conductiv Analytics and Contract Intelligence reports to target categories for savings opportunities and/or contract terms improvement across its network. Benchmark reports will reveal regional spend patterns and enable Yankee Alliance to further expand its focus on non-healthcare third-party service suppliers.
By harnessing Conductiv’s AI-powered data and category expertise, Yankee Alliance advisors can guide members on ways to better optimize purchased services outcomes and evaluate categories with the greatest ROI potential, the companies said.
Using this intelligence, Yankee Alliance is assembling a CFO steering committee, which will become executive sponsors of their respective organizations and provide peer-reviewed guidance to further strengthen the alliance.