GUILFORD, Conn. and WALNUT CREEK, Calif., July 30, 2019 /PRNewswire-PRWeb/ — Medpricer, the leading purchased services cost management solution for the healthcare industry, today announces they are rolling out game-changing features within it mSource® Analytics module. The newest features come with a reorganization of their analytics platform, providing deeper data insights to purchased services contract managers and sourcing VPs alike.

As the only purchased services SaaS platform to integrate artificial intelligence (AI), predictive analytics and prescriptive analytics, mSource® helps supply chains to know exactly where they stand with their suppliers. mSource® Analytics workflows help users to auto-categorize spend with the use of AI, predict categories that offer ripe savings opportunities, develop a custom project roadmap and provide in-depth spend trends.

With the latest improvements, mSource® provides speed, transparency and accuracy of purchased services category reporting so that customers can make fast, informed business decisions.

AI Category Reports
AI Category Reports increase the speed to reporting success with the help of AI. Get a clear view of purchased services spend by facility, supplier, and category, enabling customers to eliminate off contract spend and maintain regulatory compliance.

Predictive Plan
This feature allows customers to evaluate savings opportunities, set attainable category goals, and customize their department’s sourcing roadmap. Additionally, they can initiate savings projects, monitor spend performance and track momentum with project automation.

Insights
View all upcoming contract renewals by date and spend threshold. With an all-new, intuitive user interface, Insights helps customers find unwanted recurring charges, view contract alignment and consolidation opportunities, and evaluate major changes in spend by category to compare with utilization.

“Our latest installments to mSource® are a direct reflection of our customer’s growing needs,” said Medpricer Chief Customer Officer Mickey Meehan. “The needs of the healthcare supply chain are quickly evolving – which is driving the increased adoption of artificial intelligence to drive strategic business decisions.”

For more information, please visit https://www.medpricer.com

About Medpricer
For more than a decade, Medpricer has helped move savings strategies forward with scalable purchased services solutions that improve sourcing efficiency and financial health. Their industry-leading software, mSource®, is the only all-in-one contract management, negotiation, and analytics platform that enables organizations to tailor contract terms to fit their unique needs – not those of a group. Engage with your purchasing data, learn from market intelligence, unite your stakeholders, and move contracts through the pipeline – faster. No catches, no hidden admin fees. Discover substantial savings and deliver outcomes that continuously improve the quality of patient care. To learn how other leading healthcare providers are transforming their savings strategy, call (888) 453-4554 or visit http://www.Medpricer.com.

SOURCE Medpricer