Healthcare

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.

Realize savings across all spend
- Advanced sourcing functionality for clinical and non-clinical spend
- Granular spend enrichment
- GPO price sourcing and management
Automate the complete process
- Single organic Source-to-Pay cloud application
- Modern e-commerce experience
- Contract analysis and intelligence
- Partial period Invoicing and Reconciliation
Collaboration and visibility
- Mapping of Health Care commodities to UNSPSC
- Intelligent search across catalog and Punchout
- Mobile interface for on the go physicians and nurses
Configurability and flexibility
- Provider contracting
- Contingent and complex services procurement
- Enables HIPAA and SOX compliance
- Configurable fields for manufacturer, distributor, internal item codes, GTIN

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.