Healthcare | Paramount Technologies

HEALTHCARE

Delivering high-quality care may be the number one priority for healthcare providers, but finding ways to reduce costs has become the number one imperative. The key lies in finding ways to streamline processes, eliminate inefficiency, increase productivity, and improve decision-making.

Healthcare organizations need to change how purchasing is handled to enable them to better focus on their mission. The size and growth of healthcare spending for goods and services clearly indicate the need for prompt rationalization programs, with novel purchasing approaches (e.g. eProcurement) capable of providing significant reductions in purchasing and administration costs.

Historically paper-based procurement solutions in healthcare organizations have made procurement one of the most expensive administrative tasks. Healthcare organizations are re-engineering and automating these processes to bring procurement costs down. These processes must be able to be integrated with and retain investments in existing back-end systems.

How Employee Workforce Automation Can Help

Paramount’s WorkPlace Suite supports best practices and decreases costs, delivering quality care and decreasing patient safety concerns by defining and enforcing procurement processes that ensure quality control:

Ability to fulfill items from on-hand inventory so that they can release items, generate a pick list and pull items from inventory to be delivered to the requester
Web-based implementation throughout the organization, including off-site locations and research facilities
A rapid, closed-loop process - staff submit requisitions for anything from complex medical equipment to basic office materials, the system sends the requests up the approval chain, signed requests are sent to the purchasing department, and vendors are contacted
Support special approvals for capital, biomedical, or IT related supplies and equipment
Ability to track requisitions against budgets, receive warnings if over budget and route for approval based on a requisition line item exceeding the budget
Robust approval process that allows routing to an unlimited number of approvers based on criteria such as $ amount, department, GL Account, etc. and allows the items to be fully approved before creating a purchase order
Healthcare organizations are typically required to get 3 or more bids/quotes on requested items; with RFQ you can send requisitions to multiple vendors with an email notification, vendors can complete quotes online, and all quotes can be reviewed and awarded based on defined criteria
Ability to track requisitions against contracts that have been established with vendors and enforce special pricing that has been negotiated with the vendor
Documented auditable process