Market Summary:

The majority of healthcare systems, IDNs and healthcare coalitions are managing acute care and non-acute care as independent operations and processes. Since more and more care is being provided at non-acute care facilities, supply chain spend at these centers is increasing and so is leakage. These centers lack sophisticated, easy to use infrastructure for their purchasing process and value analysis. Reasons for managing these processes vary but can be summarized as below:

·        ERP systems are difficult and expensive to deploy for small, non-acute care facilities

·        Product data, catalog, and pricing management is a drain on corporate IT systems and staff

·        Training and customer support on ERP systems is cumbersome and not cost effective

·        Integration with corporate IT and ERP systems can be expensive especially when the number of non-acute facilities is small

·        Because of the uncertainty connected with M&A activity, it’s difficult to commit to a multi-year contract with ERP providers

The ideal solution must be cost-effective, offer a streamlined workflow, and provide an organization the ability to improve its performance. SupplyCopia has applied its passion for cost savings and its technical expertise to develop just such a solution.

The SupplyCopia platform is designed with optimizing non-acute care facilities spend and provide the parent organization visibility, control, and cost management.

The components of the solution:

1.      Catalog: A retail-like catalog of products and pricing pertinent to the non-acute care purchasing process. Product and clinical data sourced from more than 200 sources and made available at the point of consumption. The contracted pricing for the healthcare system is mapped to the SupplyCopia global products database to create a unique, state of the art, first in the industry custom product catalog.

2.      Automated work flow: Buyers have the option to route requisitions for approval to a corporate ERP system, or to create and send purchase orders directly to the suppliers and collaborate with them.

3.      Integration with ERP systems- SupplyCopia will integrate the platform to corporate ERP systems so that existing business rules and routing mechanisms are leveraged along with any EDI relationships (SupplyCopia can also bring its own partners for cost-effective, hosted EDI transactions, reducing the cost for the client).

4.      Value and spend analysis- SupplyCopia’ s big data analytics and predictive intelligence platform will deliver spend analysis at each non-acute care facility, as well as consolidated reporting and dash boarding at the corporate level.

5.      Cost savings recommendations: Over 50 levers are applied to analyze the spend and identify leakages. Cost savings recommendations are delivered both at an individual facility level as well as at a corporate level.

6.      Collaboration: Non-acute care facilities can collaborate within the facility, and network with suppliers via the broadcast functionality as well as via instant messenger.

7.      Customer support: SupplyCopia will provide customer support to each facility and deploy state of the art “companion app” for trouble shooting.

Advantages of our solution:

Time to market: Leverage SaaS, cloud and advanced analytics driven platform, Health system’s can drastically reduce the time to market and gain competitive advantages.

Continued innovation: SupplyCopia will continue to enhance and further customize the platform to bring best practices from other industries, innovate the platform on an ongoing basis, and provide intelligence to drive outcomes.

Ease of use and payment: 100% customer satisfaction guaranteed and there are no long term contracts to sign.