GUILFORD, Conn. and WALNUT CREEK, Calif., May 28, 2019

Medpricer, the leading purchased services cost management solution for the healthcare industry, was recently named one of the 20 Most Promising Supply Chain Solution Providers in 2019 by CIO Review. Medpricer, among other supply chain solution providers, was recognized for their efforts to solve the traditional supply chain technology challenges, like foreseeing and eliminating supplier risks, and offering tailored solutions for each of its customers.

This marks the second distinction Medpricer has received in 2019, the first being named one of the Best Places to Work in Healthcare by Modern Healthcare. This year alone, the company has announced four new customers, including Intermountain Healthcare, and launched two new products which help supply chains make faster and better-informed contracting decisions. These accolades prove the company’s dedication to elevating the healthcare supply chain, transforming the way the in which they pursue purchased services acquisitions.

“Medpricer doesn’t just adapt to changes in the purchased services realm, we seek them,” said Chris Gormley, Medpricer CEO. “Our sourcing technology strives to break the confines of operational inefficiencies and revolutionize the status quo through creative solutions that deliver measurable value to healthcare organizations. Our sourcing solutions have saved our customers more than $700 million in purchased services spend.”

Medpricer’s end-to-end cost management platform can be specifically tailored to each customer’s unique needs. Supply chains using Medpricer’s mSource® platform typically save 24% on existing purchased services contracts, and can reduce their time to RFP by 40%. Cost and time savings are ultimately reallocated back to an organization’s bottom line.

“While the savings opportunities are substantial, at the end of the day it’s about providing a platform for hospitals to assert their contracting independence and nurture supplier relationships,” said Medpricer’s Chief Customer Officer Mickey Meehan. “Better contract terms yield improved patient care – and that’s what has proven to be most transformative for our customers.”

To read the full CIO Review article, please click here.