Healthcare

Healthcare's Uncaptured Opportunity: Sourcing & Pricing Physician Preference Items

The coming decade of the global healthcare industry will experience more changes than seen in the last two centuries. Major advancements in science and technology combined with consumer and social trends are pushing this industry forward across all aspects – from pharmaceuticals and biotechnology to healthcare equipment and services.

The healthcare industry in particular is one where companies and providers must continue to invest heavily in R&D to find innovative solutions while maintaining cost structures, profitability and high levels of quality. Doing all this in a highly regulated and fiercely competitive environment is no easy feat.

Ivalua for Healthcare

With Ivalua’s technology, Procurement and Supply Chain leaders have an opportunity to generate tremendous business value by gaining control of all spend areas, engaging in deeper and more collaborative relationships with suppliers, using analytics to drive better decision and improving overall efficiency and effectiveness.

Since getting with Ivalua’s comprehensive P2P suite, we have rolled out key functionality across our network of hospitals and dramatically improved collaboration and connectivity with suppliers. Streamlined processes for ordering, sourcing and contract management have lowered costs, and new saving opportunities are driving investments in sourcing and procurement functions.
Head of Procurement Leading US Hospital Network

Ivalua customers see immediate and sustainable results

400,000+

Digitized and touchless invoices for Healthcare provider

70%

Reduction in contracting cycle-time

10,000+

Contracts managed and monitored digitally for health system

Proven, reliable partner for healthcare organizations.

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