Reduce supply costs and analyze utilization.
Second only to labor costs, supplies make up one of the largest cost drivers for any hospital or health system. MedeAnalytics Supply Chain analyzes your purchase orders and invoices to identify patterns in spending and opportunities for savings in all departments. With insight into the supply chain, you can maximize contract discounts, react to new supplies or price changes, evaluate vendors and substitute sources, and compare actual spend to budgets.
Reduce overall supply spend
Uncover overpaid invoices and vendors who systemically bill more than the expected price
Improve contract compliance to maximize discounts
Encourage electronic ordering
Increase utilization of group purchasing organization (GPO) negotiated prices
Benchmark vendors to identify low-cost items
Gain early alerts to developing trends in volume of price of supplies
Generate vendor scorecards to equip contract negotiators
Aggregated supply chain data presents a full picture of supply chain performance.
Insights like contract compliance compared to targets enable you to quickly and easily reduce supply spend.
Increased utilization of preferred GPO contracts, vendor tier pricing, and insights into sudden volume or price changes help you reduce spend.
Key Performance Indicators
- Supply cost by supplier, manufacturer, and vendor
- Contract compliance rate
- Specialty drug spend
- Vendor benchmarks
- EDI ordering rate
- Supply spend as a percentage of revenue and per patient day
- Price variation alerts
- Spend vs. budget