April 25, 2012 07:45 ET

MedPricer Supports Healthcare Systems With New Facilities and Capital e-Sourcing Department

Solution Provides Total Cost Reduction & Superior Supply Chain Efficiency for New Construction Projects

GUILFORD, CT--(Marketwire - Apr 25, 2012) - MedPricer, the leader in cloud-based e-Sourcing services for healthcare contracting, announces a newly formed department focusing on facilities and capital sourcing. The new team brings the advantages of MedPricer's e-Sourcing solution -- including reduced workloads, faster negotiations, easier bid comparison, and contract savings -- to facilities sourcing, which has historically been a time-consuming and labor intensive process using traditional paper-based bidding and RFPs.

"Our e-Sourcing solution is remarkably flexible and robust, and as a result is able to effectively negotiate projects of virtually any size and scope," said Steve Pfeil, Executive Vice President of Sales and Marketing for MedPricer. "By combining best-in-class sourcing technology with a high level of on-site support and expertise, we help healthcare institutions to greatly streamline their facilities projects sourcing, so that they don't overtax their purchasing departments or need to take on new staff -- all while realizing significant savings from the competitive sourcing process."

Purchasing departments that are burdened with a high volume of bids and are looking to streamline workflow should consider using MedPricer to alleviate the burden on purchasing staff. MedPricer has become the e-Sourcing tool of choice for healthcare providers when negotiating contracts.

Designed specifically for the unique requirements of the healthcare supply chain, MedPricer's cloud-based negotiation platform provides the flexibility to source nearly every expense category in a hospital. Several leading health systems including Children's Hospital of Alabama, Shore Medical Center, and Smilow Cancer Hospital at Yale New Haven have already chosen MedPricer for e-Sourcing facilities projects, from specification and e-RFP development, through negotiation, to the final decision and logistics support. On average, MedPricer clients save 17% per contract negotiated.

MedPricer is different from a reverse auction because it is a value-based negotiation encompassing all terms, not one solely based on price. Particularly regarding facilities and capital sourcing projects, this distinction is important, because stakeholders must maximize service, terms and cost in order to achieve best-in-class negotiation results.

MedPricer's software plus service model provides synthesized bid data online, making it easy to compare between products and suppliers. MedPricer's team of industry experts, with more than 100 years of combined healthcare industry experience in negotiating contracts for hospitals, assist and advise clients with the purchasing process. The company's supplier network includes more than 700 of the nation's top healthcare suppliers.

About MedPricer
MedPricer provides an e-Sourcing solution designed for the unique requirements of the healthcare supply chain. The company's cloud-based negotiation platform provides the flexibility to source nearly every expense category in a hospital, allowing clients to negotiate contracts during a live-bid process. The MedPricer e-Sourcing process ensures the best terms and value from current and prospective suppliers. The company's executive team has more than 100 combined years of experience in sales of capital and disposable equipment to hospitals and private practices, as well as buying groups.

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