Medpricer, a purchased services cost management solution for the healthcare industry, announced it is re-launching mSource® Analytics at the AHRMM Conference in San Diego. The new mSource® Analytics is a comprehensive solution for purchased services management. Healthcare supply chain leaders and their teams can take ownership of their contracts and spending with the help of deep market intelligence and Medpricer’s extensive industry knowledge.

mSource Analytics offers a powerhouse suite of AI-powered data analytics applications and a streamlined mSource® workflow that arms healthcare facilities with actionable information to pursue savings opportunities. The data reveals robust intelligence from one centralized platform to:

• Provide a user-defined and intuitive overview of upcoming purchased services category contract expirations for co-terminus or supplier consolidation opportunities
• Reveal reoccurring charges based on user-defined thresholds to identify and eliminate hidden costs
• Disclose major spending changes across the extended network and analyze root cause(s) for these changes
• Detail a complete overview of contracts by expiration date and spend 

By streamlining the purchased services cost management process with mSource® Analytics, customers can further explore prospective contracts for terms, renewals and pricing. Additionally, they gain crucial insights to better understand their revenue opportunities and risk mitigation. The details provided through mSource® give customers the knowledge necessary to open conversations with their existing suppliers for additional savings opportunities.

When combined, these powerful analytics enable customers to analyze purchased services spend for top saving categories, evaluate contracts and develop a customized strategy and sourcing roadmap that helps them reach their savings targets.

“Our team has worked hard to create the most complete purchased services cost management solution for our customers,” said Medpricer CEO Chris Gormley. “With our mSource® platform, newly revamped mSource® Analytics and dedicated customer success team, Medpricer enables supply chain teams to evaluate purchased services to proactively develop cost saving strategies and increase institutional productivity.”

Medpricer is available to meet at AHRMM to discuss purchased services best practices and to demo the latest features and functionality mSource® Analytics. To coordinate a meeting, please contact Lindsay Wise (lwise@medpricer.com).