Latest Posts

5 Questions To Ask Internal Stakeholders Before Changing Your Source-to-Pay Process

Change can be difficult, even if you know it will create a better outcome in the long run. Determining when change is necessary can be key in creating efficiencies and saving money. Additionally, making sure all of the key decision makers understand and support the change is a top priority.

Below is an article from paystreamadvisors.com that describes why it is necessary to get all stakeholders on-boarded in the organization’s procurement transformation. After reading the article, give us a call at SpendBridge so we can partner with you to help transform your accounts payable and procurement operation to be the most efficient it can be.

Source: paystreamadvisors.com | Re-Post SpendBridge 2/19/2018

Most of us, by default, are resistant to change once we are used to something. After a certain point, inertia kicks in and we sometimes resist change instead of adopting it for the good. The mind’s defense mechanism starts finding reasons, some rational and some completely irrational, for wanting to continue things the way they were in the past. (more…)

Study Finds Huge Price Swings At Minnesota Hospitals

Determining what the cost of a medical procedure can be very challenging. However, with rising costs, people are finding it necessary to “shop” various providers to find the lowest price for the service they need. Research estimates pricing failures from the lack of transparent information on health care costs contribute more than 14 percent to waste or inefficiency in today’s health care spending.

Below is an article from healthcaredive.com that describes the need for transparency to lower waste and the discrepancy between facilities for the same procedure. After reading the article, give us a call at SpendBridge so we can discuss how we can help you to better manage your accounts payable and procurement process allowing you to provide the best service to your patients.

Source: healthcaredive.com | Re-Post SpendBridge 2/19/2018

Dive Brief:

New research released by the Minnesota Department of Health finds wide swings in prices for several common medical procedures.

While the average cost of a total knee was $23,997, prices paid to Minnesota hospitals ranged from $6,186 to a high of $46,974 — an eightfold difference. The lowest to highest prices for cesarean section deliveries — $4,693 versus $22,831 — represent a five-fold difference. (more…)

Has UMUC Turned Enrollment Woes Around

Finding the best way to distribute your message to the right people can be challenging. Colleges and Universities are finding that they need to focus on techniques such as open educational resources, improving to the student experience, using digital marketing and finding a more effective use of data analytics to locate the right students for their institution.

Below is an article from insidehighered.com that details how UMUC was able to implement some strategic initiatives to turn around the decline in their enrollment to record enrollment. After reading the article, give us a call at SpendBridge so we can help you implement strategies to better manage your procurement and accounts payable needs.

Source: insidehighered.com | Re-Post SpendBridge 2/19/2018

The University of Maryland University College, one of the oldest distance education providers, was created after World War II with a mission to educate veterans and those in active service. The university stationed faculty members at military bases overseas, and ran correspondence programs, before becoming an early adopter of online learning. Serving the military, UMUC says, is “in its DNA.” (more…)

Body Cameras Increase Satisfaction And Creates Savings For The Las Vegas Police Department

Many times job satisfaction isn’t just in a paycheck. Since turnover is very expensive, creating an environment where individuals feel safe and have the tools they need for success is crucial to keeping an employee long-term.

Below is an article from statetechmagazine.com that describes how the Las Vegas Police Department is finding increased job satisfaction by having access to body cameras. After reading the article give us a call at SpendBridge so we can assist you in our partnership with Government to implement a procurement and accounts payable process to best meet your needs.

Source: statetechmagazine.com | Re-Post SpendBridge 2/19/2018

Body cameras are quickly becoming commonplace on police officers. Buoyed by the Justice Department’s decision to allocate more than $23 million in funding for bodycam implementation, nearly one-third of the 18,000 state and local police departments in the U.S. have adopted the technology, according to TIME. They hope the tech can increase accountability and help to de-escalate situations. (more…)

Performance Pay System Leads To Small Gains In Student Learning

In corporations, a person is rewarded based on performance. However in education many times these rewards are not provided. Research is showing that with the implementation of a Teacher Incentive Fund (TIF) students perform slightly better in reading and math when their teachers receive performance-based bonuses.

Below is an article from educationdive.com that provides evidence that a TIF program is having a positive effect on student learning. After reading the article, give us a call at SpendBridge to learn how we can help you implement a procurement and accounts payable process that will help reduce operating expenses to put more dollars back into the classroom.

Source: educationdive.com | Re-Post SpendBridge 2/19/2018

Dive Brief:

A final evaluation of the Teacher Incentive Fund (TIF) finds that students perform slightly better in reading and math when their teachers receive performance-based bonuses. (more…)

Lessons from Learning Science – Making Schools More Personalized

Source: hechingerreport.org | Re-Post SpendBridge 2/8/2018

Some of the most celebrated education reform efforts today serve to make instruction more difficult. Personalized learning, project-based learning, mastery-based learning – they all require more work of teachers and more work of students.

But several speakers at the LearnLaunch Across Boundaries conference on education technology and innovation, held last week in Boston, argued that these reforms are not simply trends that will come and go, but the evolution of an education system that, in the scope of human history, is still quite young. (more…)

Matching Invoices to Contracts – The Cure for Contract Leakage

Leveraging a business network to automate the matching of order, invoice and contract data represents a huge advance in transaction processing. This includes a strategy of buying from the right suppliers at the right price.

Below is an article from sdcexec.com that describes the benefits of transaction processing. This approach helps organizations better manage their spending and enforce contract compliance, especially for non-PO invoices. After reading the article give us a call at SpendBridge so we can partner with your organization to implement transaction processing in your organization.

Source: sdcexec.com | Re-Post SpendBridge 2/1/2018

How can companies ensure that their employees are buying from the right suppliers at the right price?

In the world of accounts payable, approving invoices that don’t conform to contract terms may be an epidemic. While procurement may do a good job of negotiating contracts with suppliers, someone needs to be the enforcer. How can companies ensure that their employees are buying from the right suppliers at the right price, eliminating contract leakages that could cost an organization tens to hundreds of millions of dollars each year? (more…)

3 Tips For Smoother State IT Procurement Reform

IT procurement within a Government setting can be a difficult and frustrating process that often proves to be an innovation stopper. When an efficient process is implemented, the link between government and vendors can be created that provides cost savings while acquiring the latest technology.

Below is an article from statetechmagazine.com that provides advice that can help speed up reforms and create a more collaborative procurement environment. After reading the article give us a call at SpendBridge so we can assist you in your partnership with Government to implement a procurement process to best meet your needs.

Source: statetechmagazine.com | Re-Post SpendBridge 2/1/2018

For state and local governments, IT procurement can be a difficult and frustrating process that often proves to be an innovation roadblock — or at least a speed bump. When the process is streamlined appropriately, however, it can be a critical link between vendors and governments, ensuring new technologies are rolled out effectively in the public sphere.

While some states, such as Ohio, have managed to revolutionize this process to make it quicker and more inclusive for smaller vendors, procurement overhaul is no simple matter. (more…)

Will Letter Grades Survive?

A recent trend in K12 education is to shift away from credit hours, GPA’s and grades to transcripts that provide more comprehensive, qualitative feedback on students. Although competency-based education is in its infancy, more research is being done to determine the best method for implementation.

Below is an article from edutopia.org that describes the details of a competency-based education, including the concerns and challenges on how this new methodology might benefit students over the traditional way of assessing students. After reading the article, give us a call at SpendBridge to partner with you to determine the best way to measure the skills of your students.

Source: edutopia.org | Re-Post SpendBridge 2/1/2018

A century-old pillar of the school system is under fire as schools look to modernize student assessment.

Under pressure from an unprecedented constellation of forces—from state lawmakers to prestigious private schools and college admissions offices—the ubiquitous one-page high school transcript lined with A–F letter grades may soon be a relic of the past. (more…)

Healthcare Merger Frenzy: A bid For Survival?

Healthcare organizations continually seek to find ways to reduce costs. One of those ways is through mergers. These transactions allow companies to use the expertise of each organization to reduce operating costs and then pass the savings on to their customers.

Below is an article from healthcaredrive.com that describes the various mergers that have been announced over the last few weeks and the impact it can have on healthcare providers and users. After reading the article give us a call at SpendBridge so we can work together to implement practices at your healthcare facility to take advantage of the positive impact from these mergers.

Source: healthcaredive.com | Re-Post SpendBridge 2/1/2018

If done well, the recently announced string of vertical and horizontal integrations could lower costs across the board. The execution required to achieve that, however, is complex and takes time.

December saw a flurry of merger activity underscoring a sense of desperation within healthcare. (more…)