Top 6 Reasons to Automate Source to Pay for Healthcare

di Vishal Patel

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.

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.

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.

A comprehensive and easy to use source-to-pay tool set makes it easier for healthcare to achieve strategic objectives:

1. Reduce costs
2. Improve control
3. Increase efficiency
4. Lower risk
5. Accelerate innovation
6. Enable growth

Dive into this in more detail: see how Ivalua helps Healthcare Find Value Beyond Savings