Did you know healthcare providers can save with the right tech?
Margins in post-acute, senior-living and non-acute settings have never been tighter, yet many organizations still rely on manual purchasing and invoice workflows that bleed time and money. The good news: purpose-built technology such as Procurement Partners’ integrated e-Procurement solutions, Materials Management and SimpleAP™ platforms can turn a cost center into a strategic advantage. Below are five practical, easy-to-implement strategies—backed by real-world results—that you can put to work today.
1. Automate the entire procure-to-pay (P2P) continuum
Moving from paper and spreadsheets to an end-to-end P2P platform eliminates re-keying, prevents maverick spend, and gives finance teams the same real-time view of every dollar. Healthcare organizations that adopt Procurement Partners report 40 % time savings and 10 %+ cost savings within months of go-live.
2. Bring Accounts Payable into the digital workflow
Manual invoice processing costs healthcare 40–90 % more than automated workflows and often delays payments to critical suppliers. Procurement Partners’ SimpleAP™ module digitizes 100 % of invoices with OCR, performs three-way matching, and posts directly to your GL—no paper, no keystrokes.
3. Use AI-powered spend analytics for proactive savings
AI and machine learning models now scan millions of transaction lines to uncover insights that traditional reports often miss. By identifying hidden inefficiencies and trends early, these technologies create multiple, compounding opportunities for savings—helping organizations stay ahead of costly mistakes before they happen.4. Enforce contract compliance & supplier performance
Automated price-checks against contract files and real-time alerts drive 95 % supplier-contract compliance, stopping price creep and ensuring you capture every volume discount your GPO negotiates.5. Tighten inventory and materials management
Linking your point-of-use inventory to procurement data prevents stock-outs and eliminates emergency buys. Dashboards show PAR levels, expiry dates and on-hand value so you can right-size orders and cut carrying costs. Oversight across purchasing, inventory and AP produces a single source of truth for finance, nursing and supply-chain leaders alike.Your 5-Step Checklist to Start Saving
1. Map today’s workflow. List every manual touchpoint from requisition to payment.
2. Identify the biggest bottleneck. Is it PO creation, approvals, invoice matching or reporting?
3. Pilot automation in one facility. Use measurable KPIs—cycle time, late fees, off-contract spend.
4. Scale across locations. Leverage cloud architecture to onboard new sites fast.
5. Continuously mine the data. Schedule monthly reviews of spend dashboards and AI alerts to lock in gains.
Ready to put these strategies to work?
Procurement Partners helps 1,000+ healthcare providers reclaim staff time, capture discounts and redirect savings to patient care—often reducing annual spend by more than 10 % in the first year.
Savings start with the right tech. Book a demo to see how Procurement Partners can transform your supply chain—so your clinicians can focus on what matters most: delivering exceptional care.
Looking to Reduce Your Annual Spend?
Procurement Partners helps healthcare organizations strengthen their supply chain operations while reducing annual spend by over 10%. As a leading healthcare supply chain software solution purpose-built for post-acute, non-acute, and continuum-of-care providers, the platform simplifies the procure-to-pay process. Users can place orders and process invoices for all suppliers through a centralized system. By automating procurement workflows, organizations report up to 40% time savings and 95% supplier contract compliance.
