Hospitals can use model procurement code to ensure that vendors deliver on contracts.
A hospital that is part of a state university system is subject to statutory restrictions on obligation of funds. Suppliers frequently delay hospital deliveries or performance beyond the date when funds can be obligated. The hospital doesn't like to pay in advance and needs some way to assure performance of these contracts. In this dialogue, Dr. Decker offers some solutions to the problem.
D000066:Accounting; D000067:Accounts Payable and Receivable; D003132:Commerce; D003284:Contract Services / Q000331:legislation & jurisprudence*; D005376:Financial Management / Q000331:legislation & jurisprudence*; D006076:Government; D006783:Hospitals, State / Q000331:legislation & jurisprudence; D011682:Purchasing, Hospital / Q000331:legislation & jurisprudence*; D013997:Time Factors; D014481:United States; D014495:Universities