Procurement Partners offers a comprehensive procure-to-pay management software tailored specifically for healthcare providers, including post-acute, non-acute, and continuum-of-care facilities. Their platform streamlines procurement, inventory management, and accounts payable processes, enabling organizations to reduce costs, enhance transparency, and ensure better contract compliance. By integrating with various financial and patient management systems, Procurement Partners supports healthcare providers in delivering superior patient care while minimizing administrative burdens.
Key Features and Functionality:
- E-Procurement: Provides access to over 9,000 healthcare suppliers and vendors, real-time analytics on pricing and purchasing history, customizable workflows and approvals, and ensures formulary and contract compliance.
- Materials Management: Offers precise real-time inventory tracking, partial receiving with digital verification, Periodic Automatic Replenishment levels, custom cycle counting reports, and expiration date tracking.
- AP Automation: Simplifies accounts payable tasks through 3-way matching of invoices, purchase orders, and goods received notices, 100% invoice digitization with Optical Character Recognition , automatic auditing and approval processes, and general ledger coding.
Primary Value and Solutions Provided:
Procurement Partners addresses the complexities and expenses associated with healthcare procurement by automating and integrating procurement processes. Their solutions lead to significant time and cost savings, reduce manual errors, promote transparency between purchasing and finance departments, enhance vendor relationships, ensure better contract compliance, and alleviate staff burnout by removing administrative roadblocks. This comprehensive approach allows healthcare organizations to focus more on patient care and less on managing invoices, inventory, and ordering.
