Medpricer and UCHealth Sign Deal on Cost Management Solutions

Monday, June 11, 2018 General News
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The healthcare system will use this partnership to implement a strategic sourcing platform for its entire network.

GUILFORD, Conn., Jun. 11, 2018 /PRNewswire-PRWeb/ -- Medpricer, the leading purchased services cost management solution

for the healthcare industry, today announced a new partnership with UCHealth, a nationally-recognized health care system based in Colorado. The partnership empowers the health system staff to implement a strategic sourcing program utilizing Medpricer's complete mSource platform and Precision Benchmarking.

UCHealth recognizes the tremendous potential of tapping into purchased service cost savings and has invested in the success of these efforts. With on-going growth and hundreds of service contracts expiring in the next 12 months, UCHealth leaders chose Medpricer's cost management platform and benchmarking software to analyze service costs, run sourcing events and manage live negotiations and contracts. The cost savings that Medpricer expects to deliver will allow the organization to continue to reinvest in its core mission to improve lives.

With access to Medpricer's unlimited Precision Benchmarks subscription, UCHealth will leverage reports that define savings opportunities within specific service categories. When combined with Medpricer's complete, AI-powered automation platform, mSource, users standardize the processes for analyzing service opportunities in addition to contract negotiations and management. These tools create visibility within the health system by increasing stakeholder accountability, offering one place to conduct contract management and renewal, and simplifying the overall management of the self-sourcing process.

"Within weeks of onboarding, the UCHealth team is better equipped to run category-specific analytics and conduct incumbent negotiations. This goes to show our solutions are intuitive and collaborative across entire healthcare ecosystems," said Medpricer CEO Chris Gormley. "Our partner recognizes that our end-to-end contract management process offers opportunities to put their saved dollars into other resources."

About Medpricer For more than a decade, Medpricer has helped move savings strategies forward with scalable purchased services solutions that improve sourcing efficiency and financial health. Their industry-leading software, mSource®, is the only all-in-one contract management, negotiation, and analytics platform that enables organizations to tailor contract terms to fit their unique needs – not those of a group. Engage with your purchasing data, learn from market intelligence, unite your stakeholders, and move contracts through the pipeline – faster. No catches, no hidden admin fees. Discover substantial savings and deliver outcomes that continuously improve the quality of patient care. To learn how other leading healthcare providers are transforming their savings strategy, call (888) 453-4554 or visit http://www.Medpricer.com.

About UCHealth UCHealth is an innovative, nonprofit health system that delivers the highest quality medical care with an excellent patient experience. UCHealth?combines Longs Peak Hospital,?Memorial Hospital,?Poudre Valley Hospital,?Medical Center of the Rockies,?UCHealth Medical Group,?Broomfield Hospital,?Grandview Hospital, Yampa Valley Medical Center, Pikes Peak Regional Hospital and?University of Colorado Hospital?into an organization dedicated to health and providing unmatched patient care in the Rocky Mountain West. Nationally-ranked University of Colorado Hospital is based on the CU Anschutz Medical Campus and is the only academic medical center in Colorado. With more than 150 clinic locations, UCHealth pushes the boundaries of medicine, providing advanced treatments and clinical trials and improving health through innovation.

 

SOURCE Medpricer



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