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.
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.
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:
- Custom research for the specific supply category, complete with
summaries of the latest clinical evidence
- RFP reviews and insight on contract pricing, terms and conditions best
- Custom financial impact and decision support calculators
- Analyst insights, recommendations & negotiation support
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.”