There is one certainty about the health care sector—costs are on the rise! While everything else, from the nuances and implications of implementing federal regulations, to the potential of ‘repeal and replace” is uncertain, one thing is clear: healthcare and medical service providers must be efficient without sacrificing care quality.
Health Care providers are especially hit hard as the availability of Federal Funds and the stability of re-imbursement models is in question. Providers must focus on reducing the cost of care, while maintaining care quality. A source-to-pay automation system can help procurement and medical professionals in Health Care Provider organizations automate manual processes (that are often hospital centric), easily access medical supplies and devices already under contract, quickly execute spot buys for changing needs, provide requestors visibility into order status and lead times, and granular spend data to enable efficient sourcing.
By eliminating the costly, time-consuming tasks that are often associated with legacy and ERP systems, the Ivalua Solution delivers a host of benefits to organizations. With Ivalua, healthcare procurement, administrative and IT professionals can gain access to the tools and enhanced visibility that they need to make smarter procurement decisions.
eInvoices per year for a Healthcare and Hospitality GPO
Deployed to manage spend for 24000 hospital beds
Employees across 28 operating units
— Head of Procurement, Leading US Hospital Network