Outcome led Procurement
Across the world, healthcare systems are facing severe capacity constraints driven by increasing demand and limited financial resources. At the same time, healthcare supply chains are inefficient resulting in mis-allocated financial resources and reduced patient outcomes.
Our ‘Outcome led Procurement’ solutions are designed to contribute to integrated care pathways; patient centered supply chain management ;and better financial and clinical outcomes.
Sourcing & Contract Management
Recent Case Study: 'Countess of Chester'
Healthcare supply chains can easily become inefficient due to high rates of complexity and change, or where the priorities of different decision makers are misaligned, or where patient outcome priorities are misaligned with financial incentives.
In healthcare, inefficient supply chains not only result in misallocated financial resources but also reduced patient outcomes. It is therefore essential that; outcomes and commercial incentives are clearly aligned and managed in commercial contracts, and that these contracts provide sufficient flexibility to adapt to variable patient demand and innovations in treatments. Furthermore, the volume and variety of contracting activities in healthcare organisations, means that enabling technologies are essential to ensure legal compliance, managing risks and delivering efficiency.
With non-pay spend accounting for 30-35% of the entire healthcare budget, procurement should have an important role alongside clinicians, service managers and finance in transforming service architecture and care pathways, to drive better value and outcomes, however, often in hospitals procurement have no business intelligence or comparative information about their supply chains.
Hospital purchase order data is the best source of data about every product entering your hospital. The analysis of product catalogues are an important first step towards improving clinical product governance and product based patient outcome tracking.
Analytics & Benchmarking
Spend Analytics Overview
Application Introduction & Demo