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MD Buyline Releases Tiered Solution to Tackle Healthcare PPI and Supply Chain Cost Containment
By: Business Wire
Jan. 7, 2013 07:00 AM
MD Buyline today released the next generation of Buyline Consumables, a comprehensive, evidence-based technology and services suite designed to help healthcare providers achieve greater predictability and data driven cost reductions across their Physician Preference Items (PPI) and supplies purchases.
With cost containment on PPI and supplies being a critical challenge facing healthcare institutions today, Buyline Consumables helps to bring clinical, finance, operational, and supply chain teams together to produce significant and measurable financial results. By utilizing data from thousands of hospital systems nationwide, MD Buyline provides rich insight and analysis to uncover financial savings opportunities. The result is a flexible, cost effective, subscription based solution that significantly improves the financial performance of a critical area of the hospital, while positively impacting both physician and patient satisfaction.
Consumables Spend Analytics – As the foundational layer of the Buyline Consumables solution suite, the Spend Analytics platform includes access to a real-time data platform that aggregates and synthesizes information from thousands of hospitals and vendors. Delivered as a cloud-based offering and accessible to anyone with a web browser, Consumables Spend Analytics enables clinical, operational, supply chain and financial departments to gain detailed line-item level visibility and drilldown views into robust national and cohort benchmarks for PPI and supply spend, resulting in greater fiscal sustainability and improved patient outcomes.
Consumables Spend Management – The premium service component of Buyline Consumables solution suite, aggregates Consumables Spend Analytics with a layer of diagnostic frameworks and custom research, to provide an end-to-end decision support service. Unlike open-ended PPI consulting engagements that have little or no cost predictability, Consumables Spend Management is designed to support value analysis processes “from kickoff to implementation” at a fixed cost.
In addition to all elements of Consumables Spend Analytics, the Spend Management services include:
A Central Point for Clinical and Financial Improvement
According to Satin Mirchandani, CEO, MD Buyline, "The Buyline Consumables solution suite is designed to efficiently and effectively support cross-functional technology selection and acquisition processes, thus driving step-function improvements in PPI and supply spend reduction. The proven MD Buyline technology and services platform, in combination with our experienced analyst team, is well-equipped to deliver an integrated solution that drives improved predictability and financial performance across the healthcare supply chain.”
About MD Buyline
For over 30 years, MD Buyline Inc. has been the leading provider of healthcare clinical and technology research to drive improved financial performance across the healthcare supply chain. MD Buyline provides the majority of the nation’s hospitals with objective evidence-based information to help them drive billons in dollars in savings annually. MD Buyline’s hospital members access critical information about their supply chain purchases everyday through our personalized analyst support and comprehensive technology comprised real-time information platform. For more information on how MD Buyline can help you find us online at www.mdbuyline.com, and on Twitter @mdbuyline.
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