Raleigh, NC – November 14, 2012 – MediClick, a leading provider of SaaS-based analytics and savings solutions for the healthcare industry, is once again transforming the healthcare supply chain with the newest release of MediClick for Contracts & Analysis (C&A). C&A Version 5.0 introduces health systems to MediClick’s Enhanced Closed Loop, a workflow solution that provides unparalleled visibility during every step of the supply chain contracting process—whether users are proactively acting on savings opportunities or earnestly ensuring those savings are realized.
“The MediClick Closed-Loop process provides for the ability to design a decisive cost-reduction plan and the confidence that they are successfully executing against that plan,” says Mike Merwarth, MediClick CEO.
The Closed Loop starts with an immediate, comprehensive view of total enterprise-wide spend, which includes catalog, non-catalog, contract and off-contract spend from single- or disparate-MMIS systems. This clear spend picture enables users to see all of the actionable opportunities that will bring savings and efficiencies to their bottom line.
MediClick then helps users take steps to realize those opportunities, whether they’re establishing a new contract through C&A’s RFP tool or using C&A’s quality data to support its negotiation with vendors.
C&A subsequently shows users all of their lost savings opportunities—places where the health system has paid incorrect prices—so that they can retroactively secure a refund and ensure the correct price is paid in the future.
“MediClick designed C&A four years ago to enable organizations to take control of their supply chains and contracting processes,” says Merwarth. “This successful endeavor shined a spotlight on the significant role the healthcare supply chain plays in improving the bottom line. Today, our enhanced solution empowers health systems to quickly remove spend from their supply chains and achieve their goals in improving patient care.”
MediClick’s Product Index Layer (MPIL) helps power C&A’s new process. The continually updated resource of manufacturer item numbers is matched with vendor item numbers and augmented with attributed descriptions and UNSPSC data so spend can be accurately linked to contracts.
“Because MediClick’s team is responsible for the normalized data in our MPIL, we can ensure the quality of the results we provide when matching our health partners’ data against our database,” says Merwarth. “All of our health partners benefit from the new shared MPIL concept because we normalize data on an ongoing basis so it is accurate at the time of analysis.”
With its newest release, MediClick has extended its industry frontrunner position and has taken another leap forward in healthcare supply chain technology, thus ensuring C&A maintains its best-of-breed industry status.
“This is the beginning of a new era at MediClick,” adds Merwarth. “In the coming months, we plan to continue to unveil new and innovative ways that help our customers identify and drive cost out of their supply chains.”
As a leading provider of web-based analytics and savings solutions for the healthcare supply chain, MediClick understands the unique needs and business processes of today’s hospitals and IDNs. Using this expertise, MediClick has designed an innovative suite of solutions – MediClick for Contracts & Analysis
, MediClick for the Supply Chain
and MediClick for Financials
– to help its customers succeed. These products along with MediClick’s dedicated team of consultants help empower the next generation of the supply chain. For information, please visit www.mediclick.com