As the first AI-backed platform for the healthcare supply chain, mSource now intelligently classifies and recommends categories using Medpricer’s proprietary machine learning algorithm. Added benefits enable Medpricer customers to:
Access Simpler, Robust Analytics
With this update, mSource’s Analytics introduces AI-powered Discovery, a feature that automatically categorizes spend in AP files and learns to better classify them over time. Traditionally purchased services have been difficult to understand and categorize given the local and regional nature of the suppliers. Medpricer’s proprietary spend management software is the first purchased services technology in the industry to introduce machine learning to increase the speed and accuracy of spend analysis. As a result, customers may now upload AP files directly to mSource and easily classify spend in a matter of minutes.
Discover Important Contract Expirations & Eliminate Rogue Spending
Medpricer’s mSource software has become the first purchased services lifecycle management solution to marry contract expiration to vendor spend. This feature gives customers the ability to quickly and easily assess contracts by spend in relation to upcoming renewal deadlines. Furthermore, this functionality allows hospitals to easily spot and correct rogue, off-contract spending to better improve contract compliance.
