Archive

1. Health Care

   January 22, 2016 10:51 am Comments Off on Health Care

   This large hospital system (Facilities & Construction area) had concerns regarding the cost of the current outsourced maintenance contracts to a local maintenance services provider (Provider). It was believed that in-house management of the services might yield better service and a lower cost.

   The hospital system had contracted with the Provider for several years for maintenance-related services. Typically, these services included the full range of maintenance needs. Ten hospital sites were included within the scope of the review. Each site had a separate contract with a different expiration date. Over time, the hospital system believed that it was not receiving the best service at the lowest cost and sought other solutions to reduce cost.

2. Financial Services

   10:49 am Comments Off on Financial Services

   A mid-sized Bank ($3.5B in assets) needed to implement an Enterprise Risk Management (ERM) program for their organization. A new internal audit Vice President had recently been hired, and there were regulatory pressures to show development of an ERM program. They engaged Core Catalysts to provide subject matter expertise and thought leadership to help them define the ERM program processes and structure.

3. Expense Reduction

   10:42 am Comments Off on Expense Reduction

   This large hospital system (Facilities & Construction area) had concerns regarding the cost of the current outsourced maintenance contracts to a local maintenance services provider (Provider). It was believed that in-house management of the services might yield better service and a lower cost.

   The hospital system had contracted with the Provider for several years for maintenance-related services. Typically, these services included the full range of maintenance needs. Ten hospital sites were included within the scope of the review. Each site had a separate contract with a different expiration date. Over time, the hospital system believed that it was not receiving the best service at the lowest cost and sought other solutions to reduce cost.

4. Asset Efficiency

   January 21, 2016 9:55 am Comments Off on Asset Efficiency

   Multi-billion dollar, global manufacturing company frequently offers special pricing to distributors of its products in the form of bill-backs and discounted pricing below a distributor’s into stock pricing. The company also offers trade discounts to distributors to promote the sale of its products. The company’s management team was concerned that their existing processes and tools for managing the discount programs and reconciling and adjudicating the claims may result in processing invalid discounts, inability to accurately measure the performance and impact of discount programs, inability to accurately measure financial liabilities and inability to accurately adjudicate claims.