Achieve and maintain price accuracy to drive efficiency and cost savings
Getting pricing right matters. Discrepancies cost everyone: providers, group purchasing organizations (GPOs), manufacturers and distributors. Price accuracy saves time and expense with notification and safety measures that alert you to price changes—with enough lead time to align purchase order prices and dates.
Accelerate procure-to-pay time with fewer errors
Enhance pricing process integrity
Reduce match exceptions and resolution time
Streamline accounts payable and workflow
Improve your price accuracy with innovative solutions
Our expert price accuracy team and proprietary Price Assurance and TruePriceTM solutions analyze data to identify roadblocks and align pricing—from hospital to GPO to manufacturer.
- Price alignment — includes tracking expiring contracts and price change alerts with actions to drive alignment
- Immediacy and data transparency — proactively identify root causes and issues before they impact your operations
- Invoice accuracy — avoid match exceptions by holding discrepant lines, managing the source of truth for your PO
“We’ve created efficiencies relative to the procurement and payment side and have taken our price assurance from around 75% to 98%—phenomenal growth in a very short period of time.”
Michael Kohler, administrative director of Procurement Operations and Strategy, Stanford Medicine
Discover more ways price accuracy can help boost performance
UC Health price accuracy soars with vendor and healthcare GPO
Learn how collaboration and process redesign delivered a win-win for Colorado’s UC Health: cost savings and better patient care.
Stanford sees the rewards of a responsive supply chain
Explore how auto-substitution, price accuracy and assurance, and exception management improvements transformed operations.