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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 CASE STUDIES

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.

TPC and Medpricer Partner to Maximize Purchased Services Savings

mSource Empowers TPC Members to Achieve Greater Visibility, Cost Savings, and Compliance. TPC, a partnership of independent hospitals formed as a regional purchasing coalition across Arkansas, Missouri and Texas, has selected Medpricer’s mSource cost management [...]

Medpricer’s mSource Empowers Hospitals to Manage Purchased Services

SaaS-Based Cost Management Platform Provides Technology Solution to Control and Capture Savings. Medpricer, the only complete cost management solution for purchased services, today announced the release of their mSource platform. Enabling a hybrid of software [...]

Medpricer & MaineHealth Co-Author Article in HFMA Healthcare Cost Containment

MaineHealth Uncovers Savings In Purchased Services By Luis Soto and Emil Layacan Cloud-based technology and external support helped MaineHealth improve its data collection and analysis, as well as its negotiation strategies. Healthcare organizations are embracing new [...]

SEE ALL THE NEWS

  • Purchased services benchmarking is distinctively different from medical/surgical and commodity products.  Product benchmarking is easy in relation to purchased services since these benchmarks can be based on simple ratios related to volume, price and geography.  In purchased services, ratio benchmarks can be directionally valuable but provide no insight into the quality of a service provided.  So, if you are simply relying on ratio benchmarking, you are missing the mark and you could be sacrificing quality of service and leaving a lot of money on the table, or worse yet--- both.

What Does Benchmarking “Really” Mean in Purchased Services?

Sun, 09 Apr 2017 13:05:49 GMT|

Purchased services benchmarking is distinctively different from medical/surgical and commodity products.  Product benchmarking is easy in relation to purchased services since these benchmarks can be based on simple ratios related to volume, price and geography.  In purchased services, ratio benchmarks can be directionally valuable but provide no insight into the quality of a service provided.  So, if you are simply relying on ratio benchmarking, you are missing the mark and you could be sacrificing quality of service and leaving a lot of money on the table, or worse yet--- both.

MaineHealth Uncovers Savings In Purchased Services

Thu, 16 Mar 2017 03:32:32 GMT|

By Luis Soto and Emil Layacan

Cloud-based technology and external support helped MaineHealth improve its data collection and analysis, as well as its negotiation strategies.

Why You May Not be Getting the Best Price on Furniture Procurement and What to do About it

Wed, 22 Feb 2017 14:17:30 GMT|

Are you averaging 13% to 17% savings in furniture procurement?  If not, read on because I have a process that will help you drive more savings in this area.

SEE ALL THE INSIGHTS

Contact Medpricer

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