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SciQuest Showcasing Methods for 'Transforming the Future' of Healthcare Purchasing and Procurement
Date:8/2/2010

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  • Controlling spend on Physician Preference Items (PPIs)
  • Increasing visibility into overall spending  
  • Making item master and catalog items more searchable.

    • Stephen Wiehe, president and CEO of SciQuest, said, "The complexity and expense of healthcare places an extra burden on supply chain managers, who must delicately balance patient needs and physician preferences with fiscal responsibility. SciQuest has developed a revolutionary approach that addresses these significant issues in ways that perfectly illustrate AHRMM10's 'transforming the future' theme."

    As budget constraints increase, controlling spend on Physician Preference Items (PPIs) is becoming increasingly important to hospitals.  Since spend on PPIs and expensive implantable devices is difficult to manage and can account for 60% of overall medical supply cost for hospitals, SciQuest is creating a virtual surgical 'item master' for PPIs – an online contract repository of surgical goods that will allow supply chain leaders to gain visibility to spend on these costly goods while providing support to clinicians requisitioning and recording user of goods.

    This increased spend visibility helps to minimize blanket purchases and improves understanding of operating room spending habits. SciQuest's solution helps hospitals source and contract strategically for preferred items and gives users control and visibility to help them spend money better. Users can streamline catalog management, direct spend to preferred vendors, drive higher compliance with contracts, tighten control and increase visibility throughout the entire source-to-settle process.

    Another area SciQuest is addressing is making item master and catalog items more searchable. S
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    SOURCE SciQuest, Inc.
    Copyright©2010 PR Newswire.
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