DATA

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ACTION
DATA
INSIGHT
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SpendAdvisor
Premiers Spend Analytics Solution

• Mature product yielding proven results
• Over 110 IDNs (630 organizations) on board
• Over 8 billion of annual spend processed
• 4-8 supply chain savings identified by
  SpendAdvisor users

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What are the challenges?

• Disparate data precludes analytics
• Suppliers have historically had better data than
  us
• Few industry standards
• Manufacturers rapidly introducing products
• Clinical operational demands overridedata
  controls

Aggregation and standardization lead to
opportunities
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The right data makes the difference
Supplier data
Pharmacy wholesaler data
National benchmark data
Contract data
Productdata
Labor data
Quality outcomes data
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SpendAdvisor enables your success

• To
• Aggregated and standardized across multiple data
  sets
• Data automatically refreshed
• Peer benchmarks and functional equivalents
• Easy to use pre-built and customizable reports
• Automatic and fully interactive
• Dashboards highlight trends and savings
• Easy to identify quick payback opportunities
• Facilitates local negotiation strategies
• Comprehensive analytics deliver sustained value

• From
• Fragmented, disparate, nonstandard data
• Difficult to keep data timely
• Lack of comparative data
• Manual analysis lacking depth of detail
• Time consuming
• Not comprehensive
• Inconsistent
• Difficult to reveal
• Challenging to implement
• High effort to achieve meager results

Data
Analytics
Savings Value
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Dashboard of actionable opportunities
POTENTIAL SAVINGS OPPORTUNITIES
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Dashboard of actionable opportunities

• Pricing Issues
• Am I paying the price I contracted for?
• Where should I sign up for a contract? How much
  can I save?
• Can I move to a better tier on a contract and
  save money?
• Are my departments / facilities paying different
  prices for the same items?

POTENTIAL SAVINGS OPPORTUNITIES
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Dashboard of actionable opportunities
POTENTIAL SAVINGS OPPORTUNITIES

• Contracting Opportunities
• Where do I need to negotiate local contracts?
• How do the prices I am paying compare to national
  benchmarks?

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Dashboard of actionable opportunities
POTENTIAL SAVINGS OPPORTUNITIES

• Conversions
• How much could I save moving from Contract A to
  Contract B?
• From product X to product Y?

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Dashboard of actionable opportunities

• Strategic Considerations
• Why is my supply cost changing? Is it Pricing?
  Product Mix? Volume?
• How efficiently is my organization functioning
  compared to others?
• Am I optimizing use of my GPO?
• How could I better manage my item master?

POTENTIAL SAVINGS OPPORTUNITIES
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Sustained value with SpendAdvisor

• Short-Term
• Quick payback on investment
• Implemented savings immediately outweigh price
• Set performance goals for organizations and
  departments
• Long-term
• Maintain best quartile supply spend
• Increased spend visibility allows for better
  contracting strategies
• Improved operational performance and efficiencies
• Integrated with contract launches
• Platform for engaging clinicians