Pricing Tool Helps Establish Buyer Baseline

Hospital and health systems looking to vet vendors’ prices in negotiations can use PriceLYNX, a software system from group-purchasing agency VHA that aggregates vendor prices to establish a baseline for buyers to use when making purchasing or contracting decisions, according to a VHA release.

PriceLYNX grants members access to VHA’s large database of nationwide purchasers and quotes. Using this, health systems can leverage a large pool of data when negotiating with vendors and suppliers.

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Pricing Tool Helps Establish Buyer Baseline

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