Public school education budgets are tight and each district must determine how they are going to spend their money to best meet the needs of the students. Decentralizing the budget process has shown to be effective by empowering principals to be the decision makers. They are allowed lead and meet the school’s specific needs without a one-size-fits-all mentality.
Below is an article from educationdive.com that provides a real-life example of how a district was able to make a few strategic changes that provided large gains at their schools. After reading the article, give us a call at SpendBridge so we can partner with you and your procurement and accounts payable departments to provide cost-saving efficiencies.
Source: educationdive.com | Re-Post SpendBridge 4/19/2018
Leaders in Chicago and those who observe the district from the outside are quick to say there is no one single bullet that led to school improvement in the district. In fact, in many ways, the improvement was in response to a need to get creative after hands were all but tied by state policy. For instance, state laws passed in 1988 and 1995 made Chicago the most de-centralized large urban school system in the country, and mandated, among other things, that curriculum and budget decisions have to be made at the local level. The district has embraced this and run with it, said Jackson, whose first experience with CPS was as a student in Head Start, and who worked her way from student in CPS to teacher to the district’s top seat. (more…)
Two of the most important aspects of providing healthcare are the quality and safety. If either of those are missing at a facility, the care of the patient is compromised. Additionally, as patients become more educated and vocal, finding a facility that meets those demands is critical to its success.
Below is an article from modernhealthcare.com where Industry experts share personal stories explaining how the U.S. has a long way to go on quality and safety when it comes to the healthcare system. After reading the article, give us a call at SpendBridge so we can assist you with any of your procurement or accounts payable needs. Enjoy the article.
Source: modernhealthcare.com | Re-Post SpendBridge 4/19/2018
Many people have harrowing stories to tell about their encounters with the U.S. healthcare system, involving issues of quality, safety or cost. That’s particularly true for physicians and other healthcare insiders, who can spot problems that a layman might miss.
“Every health policy person, especially doctors, has a story or multiple stories to tell,” says Dr. Robert Berenson, a fellow at the Urban Institute and former member of the Medicare Payment Advisory Commission. (more…)
Traditionally the way a college or university spent their money was their business and not questioned. However, in recent years students and parents want to better understand where and how their tuition dollars are being used. This has initiated a deeper look into college and university finances.
Below is an article from hechingerreport.org that provides details on how student groups are going about scrutinizing the financials of colleges and universities and publishing their findings. After reading this article, give us a call at SpendBridge so we can discuss the best way to manage procurement and accounts payable at your institution.
Source: hechingerreport.org | Re-Post SpendBridge 4/19/2018
One of the most active student clubs at Michigan State University meets every other Wednesday in a room above a buzzing cafeteria.
This club doesn’t organize intramural sports or plan keg parties or produce the yearbook. It pores over dense financial documents to examine how the university handles its money. One kind of risky deal they unearthed, the students in the group say, cost the school more than $130 million at a time when tuition was increasing much faster than the national average. (more…)
Transaction processing can be very time-consuming. It is very important to review processes from beginning to end to find areas of redundancy and tasks that can be eliminated. Additionally, finding and eliminating bottlenecks can reduce waste.
Below is an article from theaccountspayablenetwork.com that details some recommended methods on how to improve the process of transactions processing in your business office. After reading the article, give us a call at SpendBridge so we can assist you with streamlining your procurement and accounts payable processes to reduce waste.
Source: theaccountspayablenetwork.com | Re-Post SpendBridge 3/22/2018
A 2017 report from APQC, a business benchmarking and research firm, reveals that we’re still spending too much time on transaction processing.
While thought leaders recommend moving AP and AR staff into more strategic roles to capitalize on the cost of their labor—as well as to shield them from obsolescence brought about by automation—it appears that many organizations are still struggling with the relatively menial tasks associated with transactions: handling paper invoices and checks, manual keying, and so on. (more…)
As communities look to technology for ways to improve their economy, Governments are realizing benefits of collaborating with Universities on projects related to such things as smart city, health care, and energy. This partnership creates a living laboratory on campus.
Below is an article from govtech.com that details how a partnership between a local government and universities use IoT to create economic improvement. After reading the article, give us a call at SpendBridge so we can assist you with building strong procurement and accounts payable departments within your organization.
Source: govtech.com | Re-Post SpendBridge 3/22/2018
The Cleveland region is set to explore Internet of Things (IoT) technology with help from two area universities.
Case Western Reserve University and Cleveland State University have joined forces with the IoT Collaborative to focus on the researching and testing of IoT devices and projects related to smart city, health care, energy and other areas. The collaborative is funded, in part, with a $1.75 million grant from the Cleveland Foundation awarded in late January. (more…)
Student academic achievement may seem to be a direct result of student funding. However, research shows that funding per student is relatively the same in urban areas vs suburban yet achievement disparities between suburban and urban schools persist.
Below is an article from theatlantic.com that explains why the idea that equal inputs will produce equal outcomes is not reality. After reading the article, give us a call at SpendBridge so we can partner you with your procurement and accounts payable departments to provide cost-saving efficiencies.
Source: theatlantic.com | Re-Post SpendBridge 3/22/2018
Supporters of urban education frequently make the case that city schools are underfunded. Hampered by reliance on local property taxes, they contend, urban schools lack the resources they need to ensure their students succeed.
In most states, though, spending on education in rich and poor neighborhoods is relatively equal. And in states including Minnesota, New Jersey, and Ohio, city schools regularly outspend their suburban counterparts. Even in those cases, however, achievement disparities between suburban and urban schools persist. Those who advocate against increased funding for urban schools are quick to point to this fact as evidence that more money won’t make a difference. (more…)
Micro-hospitals are being constructed all over the country and are targeted at communities that fall in the gap between a large hospital and an emergency room. This is a smaller version of a full-service hospital in neighborhoods that have specific medical needs but lack the necessary facilities and resources to support a full-service facility.
Below is an article from usnews.com that describes what a micro-hospital is and the many benefits it can provide. After reading the article, give us a call at SpendBridge so we can assist you with any of your procurement or accounts payable needs to streamline your processes in your facility type.
Source: usnews.com | Re-Post SpendBridge 3/22/2018
SMALL-SCALE INPATIENT facilities, known in the industry as micro-hospitals, are popping up across the country to offer medical care in underserved communities and provide a local alternative to the potentially long waits for emergency care at major hospitals.
The size of small ambulatory-surgery centers, micro-hospitals have an average of eight to 10 short-stay beds each and provides some of the simpler acute and emergency services commonly performed in much bigger hospitals. (more…)
As tuition costs rise, there is a growing desire from parents and student to justify those costs. Parents and students desire to understand what their full potential will be after spending time and money to attend a college or university.
Below is an article from insidehighered.com that provides details on how colleges and universities are managing the desire for accountability for the value of the education they are providing. After reading the article, give us a call at SpendBridge so we can assist you with managing costs within your procurement and accounts payable departments.
Source: insidehighered.com | Re-Post SpendBridge 7/22/2018
Colleges are facing more pressure to prove that the credentials they issue are worth the time, money and effort students put into earning them. Robert Kelchen, an assistant professor of higher education at Seton Hall University, attempts to make sense of this building pressure in a new book from Johns Hopkins University Press, Higher Education Accountability.
Kelchen takes a wide scope that tracks the history of efforts to prod colleges to do better, while also looking at the current environment and giving clues about what’s to come. We interviewed him via email about the book, which resulted in the following exchange. (more…)
There are various types of procurement to payment (P2P) models that many times depends on the size of your company. Instead of having 2 separate processes, research is showing the benefits of the Procurement and AP departments partnering to achieve reduced costs and a more streamlined process.
Below is an article from theaccountspayablenetwork.com that describes some of the best practices to promote a more cohesive partnership between procurement with Accounts Payable. After reading the article, give us a call at SpendBridge so we can partner with you to create a better Accounts Payable and Procurement process at your institution improving your cost savings.
Source: theaccountspayablenetwork.com | Re-Post SpendBridge 3/7/2018
Most organizations run P2P in two separate silos: Procurement is responsible for selecting and negotiating terms with vendors and then ordering goods or services from those vendors. And then the purchase gets tossed over the wall to AP to pay for it.
At very small organizations, this distinction is blurred. Procurement and AP may be done by the same person or by two people who sit near enough to each other to naturally work together. But as organizations grow, these silos become hardened barriers.
Traditionally a privately held company offers more competitive pricing on products and services than that of a government entity. However, when it comes to Internet services, City-owned are showing up as the more economical option.
Below is an article from arstechnica.com that details the advantages of using a City-owned Internet Service when compared to a privately owned service. 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: arstechnica.com | Re-Post SpendBridge 3/7/2018
Municipal broadband networks generally offer cheaper entry-level prices than private Internet providers, and the city-run networks also make it easier for customers to find out the real price of service, a new study from Harvard University researchers found.
Researchers collected advertised prices for entry-level broadband plans—those meeting the federal standard of at least 25Mbps download and 3Mbps upload speeds—offered by 40 community-owned ISPs and compared them to advertised prices from private competitors. (more…)