AutoPricer™
Streamlined Sourcing and Spend Management
In any quarter, the average acute care hospital buys 25,000 different products, which typically equates to 1,500 contracts. Prices in certain categories can also drop over time, so healthcare organizations must have the latest information on market prices for supplies to ensure costs are staying in line. AutoPricer™ is the most practical and intuitive expense management application on the market today to analyze medical-surgical expense using automated, cloud-based spend analytics.
AutoPricer™ uses BroadJump’s comprehensive database of facilities nationwide to calculate savings opportunities in comparison to hospitals or centers with a similar product mix, spend and supplier market share.
Core Functionality
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Determine realistic opportunities with pricelist-to-pricelist comparisons against your peers
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Gain visibility into the prices other hospitals are paying for identical products
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Identify potential savings by category, manufacturer and SKU
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Validate and compare proposed pricing
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Run a Sole Source Summary identifying opportunities in highly compliant categories
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For multi-hospital systems, run a Price Parity Summary identifying opportunities for savings by using prices within the hospital’s own system
AutoPricer™ enables you to:
- Easily identify product categories with attainable savings opportunities
- Significantly reduce the cycle time to renegotiate pricing agreements
- Level the playing field when negotiating with suppliers
- Improve contracting speed and efficiency
Relevant Insights & Resources
Here are some resources to provide you with additional insights about healthcare cost management and analytics.
Hear from our client at CHRISTUS Health about his team leveraged AutoPricer to identify outlier pricing and achieve savings
Check out this video to learn more about AutoPricer
