Supply Chain Standardization
Prodigo’s Solution Suite consolidates all the organization’s spend for supplies, purchased services, and capital into a single, compliant procurement workflow. Prodigo’s directed buying experience gives the supply chain more control over what is purchased and where it's purchased by directing users to the preferred sources of supply.
Prodigo directs more requisitioning activity to active, valid contracts to increase the accurate purchases of the right item from the right source at the right price. This is done to maximize the cost savings hospitals have already negotiated and should be receiving. With the control and visibility into spend, health systems reduce the risk of rogue spend, which improves patient safety by eliminating non-approved products and standardizing items. It also reduces overall supply chain acquisition costs.
Healthcare pricing is complicated and confusing. With built-in distractions such as rebates, bonuses, and tiers, hospitals must continually monitor their contracted price, ensuring prices are competitive. Prodigo enforces price accuracy and contract terms across the Procure to Pay [P2P] process; reducing the risk of pricing errors and price variances across the supply chain requesting locations.
Prodigo’s suite of solutions improves the operational efficiencies of the supply chain and its workflow with other departments. Synchronizing the supply chain with clinical needs and finance creates a cohesive environment where everyone benefits. Some of the main benefits include:
- Purchase accuracy – 5-10% of supply chain costs occur by manually managing and using information in the supply chain. Improving data quality – accuracy and completeness of data – improves transparency across the supply chain.
- Full Transaction Lifecycle Automation [REQ to Invoice] – reduces supply chain transaction costs by eliminating paper-based, manual processes in the P2P cycle [yields greater than 70% reduction in transaction processing cost – from $36.51 reduced to $3.47.
- Directed Buying Experience – helps users more quickly perform supply chain functions, giving them more time for patient care.
- Standardize Formulary Management – consolidate physician preferences supplies to standard contracted items.
- Risk Mitigation – reduce clinical variations in the patient episode of care by ensuring that all items/services are approved for use.
- Supply Chain Transparency – provide visibility to improve management of the supply chain.