Medpricer’s mSource® Insights Integrates AI, Spend Analytics and Visualization with Purchased Services Reporting

 Medpricer, the leading purchased services cost management solution for the healthcare industry, today introduced mSource® Insights, its latest spend analytics and reporting tool. It comes equipped with Medpricer’s Predictive Plan, which leverages insights to help supply chains build actionable project plans around their spend on clinical and non-clinical spend categories.

 

Editor's Note: This article was originally posted on Medpricer's website.

mSource® Insights provides customers with the valuable intelligence needed to truly understand spend patterns based on their organization’s transactions. It also offers recommendations that supply chain and purchasing teams can quickly act on to access optimal savings. mSource® Insights can:

Spend Expiration Alerts 
To help stay on top of contract expirations, this feature visualizes a customer’s entire contract landscape each month. Alerts can be filtered by facility or spend thresholds and by expiration date. This enables healthcare organizations to better plan sourcing work and contract alignment efforts.

Outline Recurring Charges and Visualize Spend Changes 
This uncovers unwarranted repeating charges that can slip between the cracks when autopayment is setup with suppliers. By cross referencing contracts with AP spend, customers can see their itemized spend totals by supplier and facility to better identify areas of savings. Click here to continue>>

 

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