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How efficient is your purchased service spending?
Take our free Purchased Services Assessment to find out.

GET YOUR SCORE TODAY >

How efficient is your purchased service spending?

Take our free Purchased Services Assessment to find out.

GET YOUR SCORE TODAY >

WHY MANAGE PURCHASED SERVICES

Purchased Services is a Huge Untapped
Savings Opportunity for Healthcare Organizations

For healthcare providers who are experiencing shrinking operating margins, Medpricer provides a purchased services cost management platform that delivers up to 5% operating margin improvement through superior visibility, savings, and control over unmanaged spending.

WHO TRUSTS MEDPRICER WITH THEIR SPEND?

VIEW SUCCESS STORIES

WHY MANAGE PURCHASED SERVICES

Purchased Services is a Huge Untapped
Savings Opportunity for Healthcare Organizations

For healthcare providers who are experiencing shrinking operating margins, Medpricer provides a purchased services cost management platform that delivers up to 5% operating margin improvement through superior visibility, savings, and control over unmanaged spending.

WHO TRUSTS MEDPRICER WITH THEIR SPEND?

VIEW CASE STUDIES

OUR SOLUTION

mSource—The Only All-in-One
Spend Management Platform

mSource complete is the healthcare industry’s first “one-stop” purchased services cost management platform.
With it, you can discover, organize, benchmark and manage your service provider spend. 

OUR SOLUTION

mSource—The Only All-in-One Spend Management Platform

mSource complete is the healthcare industry’s first “one-stop” purchased services cost management platform. With it, you can discover, organize, benchmark and manage your service provider spend. 

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Software and Services Integrated in
One Complete System

We work alongside customers using a hybrid software and services approach to teach best practices sourcing while completing real projects, often resulting in empowered teams who can sustainably capture significant overlooked savings year after year through mSource.

mSource Platform

A subscription based, end-to-end purchased services spend management software platform available in three suites: Analytics, Sourcing and Complete.

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Sourcing Services

Medpricer’s strategic sourcing personnel and expertise are available as a managed service or on-demand through your branded mSource platform.

LEARN MORE

Software and Services Integrated in
One Complete System

We work alongside customers using a hybrid software and services approach to teach best practices sourcing while completing real projects, often resulting in empowered teams who can sustainably capture significant overlooked savings year after year through mSource.

mSource Platform

A subscription based, end-to-end purchased services spend management software platform available in three suites: Analytics, Sourcing and Complete.

LEARN MORE

Sourcing Services

Medpricer’s strategic sourcing personnel and expertise are available as a managed service or on-demand through your branded mSource platform.

LEARN MORE

Why Partner with Medpricer

National GPOs lack the purchased services sourcing expertise and consultants don’t build up the institutional knowledge within sourcing organizations. Medpricer has productized its time tested service to deliver a best-in-class end to end sourcing platform for organizations at all levels. And with the ability to augment the software with product specific supporting services, we build up the organizational knowledge while we help teams achieve significant savings.

0 yrs
Sourcing Experience
0B
Sourced
0+
Unique Categories

“We are able to demonstrate value to the organization because of the value we get from Medpricer.”

VIEW CASE STUDY
Luis Valadez, Director of Supply Chain, Hennepin County Medical Center

East coast hospital saves over $80 million with Medpricer.

VIEW CASE STUDY
East Coast Health System

“Another great benefit is the reduced time to develop an electronic RFP and to put this out to bid via Medpricer’s electronic live negotiation. It is extremely fast compared to the traditional paper model which can take several months to complete.”

VIEW CASE STUDY
Luis Soto, VP Supply Management, Maine Health

“Through our relationship with Medpricer, we are able to demonstrate greater value to our stakeholders…The powerful visual reports equip me with the information I need to have meaningful conversations with my internal customers to collaboratively identify and prioritize savings opportunities.”

Brenda Morgan, Project Manager, Supply Chain Services, University of Florida Health, Shands Hospital

Why Partner with Medpricer

GPOs lack the purchased services sourcing expertise and consultants don’t build up the institutional knowledge within sourcing organizations. Medpricer has productized its time tested service to deliver a best-in-class end to end sourcing platform for organizations at all levels. And with the ability to augment the software with product specific supporting services, we build up the organizational knowledge while we help teams achieve significant savings.

0 yrs
Sourcing Experience
0B
Sourced
0+
Unique Categories

“We are able to demonstrate value to the organization because of the value we get from Medpricer.”

VIEW CASE STUDY
Luis Valadez, Director of Supply Chain, Hennepin County Medical Center

East coast hospital saves over $80 million with Medpricer.

VIEW CASE STUDY
East Coast Health System

“Another great benefit is the reduced time to develop an electronic RFP and to put this out to bid via Medpricer’s electronic live negotiation. It is extremely fast compared to the traditional paper model which can take several months to complete.”

VIEW CASE STUDY
Luis Soto, VP Supply Management, Maine Health

“Through our relationship with Medpricer, we are able to demonstrate greater value to our stakeholders…The powerful visual reports equip me with the information I need to have meaningful conversations with my internal customers to collaboratively identify and prioritize savings opportunities.”

Brenda Morgan, Project Manager, Supply Chain Services, University of Florida Health, Shands Hospital

COMMON ISSUES

“I am struggling to hit my cost savings targets.”

LEARN HOW WE HELP

“I don’t have enough resources and can’t process bids fast enough.”

LEARN HOW WE HELP

“We need more category specific skills and knowledge to take on more categories.”

LEARN HOW WE HELP

“My team is inundated with administrative stuff.”

LEARN HOW WE HELP

“I don’t have full visibility into my purchased services spend.”

LEARN HOW WE HELP

News & Insights

Get the most recent news, insights and best practices here. Get more information about how to tackle common issues and read our opinions about the road ahead in purchased services.

Medpricer Unveils Next Generation of Purchased Services Analytics Software

Medpricer mSource® Analytics now offers industry first terminology customization and on-the-fly editing of purchased services spend classifications. April 4th, 2018 - Guilford, CT - Medpricer, a purchased services cost management platform for healthcare providers, today [...]

  • Amazon to Distribute Healthcare Supplies

Amazon Enters Healthcare, Misses Half of Supply Chain Spend

Recent articles in the Wall Street Journal and Modern Healthcare herald the “Amazoning” of healthcare supply chain. Amazon promises vastly reduced costs on goods – e.g. hips, sutures, and gloves.  Amazon’s goal appears to provide supplies and superior delivery [...]

Medpricer Welcomes Steve Piotraczk as Chief Revenue Officer to Support Growth

GUILFORD, CONN. (PRWEB) FEBRUARY 12, 2018 Medpricer, the leading purchased services cost management solution for the healthcare industry, today announced Steve Piotraczk will join their executive team as the company's Chief Revenue Officer. In this position, [...]

SEE ALL THE NEWS

Survey Respondents Report Unmanaged Purchased Services; Missed Savings Leave HC Organizations More Vulnerable to Financial Pressure

Wed, 21 Jun 2017 14:02:31 GMT|

Medpricer is pleased to announce the upcoming conclusion of its "Pulse of the Market" survey of healthcare executives involved in the supply chain.  Alarming findings revealed from early respondents indicate that 90% don't have a clearly defined process to achieve their purchased services savings goals and less than 14% of supply chain staff have expertise in developing and performing RFPs for all purchased service categories. 

Improve Cash Flow by Sourcing the Right Revenue Recovery Partner in Healthcare

Mon, 05 Jun 2017 16:51:41 GMT|

 With continuously declining reimbursements, hospitals cannot afford to lose more revenue which is why it is more important than ever to recover patient payments and/or bad debt collections in a timely and efficient manner to help improve cash flow.

Supply chain tip of the day: Use precision benchmarking for purchased services

Wed, 31 May 2017 14:11:59 GMT|

Product benchmarking can be based on simple ratios related to volume, price and geography. However, in purchased services, ratio benchmarks provide no insight into the quality of a service provided, according to Chris Gormley, CEO of Guilford, Conn.-based Medpricer. 

SEE ALL THE INSIGHTS

Contact Medpricer

Get more information about individual products or read our opinions about the road ahead in purchased services.