AutoPricer

Streamlined Sourcing and Spend Management

In any quarter, the average acute care hospital buys 25,000 different products, which typically equates to 1,500 contracts. Prices in certain categories can also drop over time, so healthcare organizations must have the latest information on market prices for supplies to ensure costs are staying in line. AutoPricer™ is the most practical and intuitive expense management application on the market today to analyze medical-surgical expense using automated, cloud-based spend analytics.

AutoPricer uses BroadJump’s comprehensive database of facilities nationwide to calculate savings opportunities in comparison to hospitals or centers with a similar product mix, spend and supplier market share.

Core Functionality

  • Determine realistic opportunities with pricelist-to-pricelist comparisons against your peers

  • Gain visibility into the prices other hospitals are paying for identical products

  • Identify potential savings by category, manufacturer and SKU

  • Validate and compare proposed pricing

  • Run a Sole Source Summary identifying opportunities in highly compliant categories

  • For multi-hospital systems, run a Price Parity Summary identifying opportunities for savings by using prices within the hospital’s own system

AutoPricer enables you to:

  • Easily identify product categories with attainable savings opportunities
  • Significantly reduce the cycle time to renegotiate pricing agreements
  • Level the playing field when negotiating with suppliers
  • Improve contracting speed and efficiency

Client Management

As a company invested in your success, our Client Management team provides coaching and support for your initiatives. The team works collaboratively with you to help you learn the platform, integrate the analyses into your workflows and strategically pursue savings opportunities in a systematic way.

Our Client Management team acts as your trusted advisor, serving as an extension of your team.

Every member of the team has extensive supply chain, clinical, value analysis or group purchasing organization experience.

These seasoned professionals:

Work collaboratively with you to identify savings opportunities across the range of your non-labor expense

Help you develop a reporting system to measure the key drivers of your expense over time, as well as the results of your savings execution strategy

Provide market insights and assist with preparation for supplier negotiations

Relevant Insights & Resources

Here are some resources to provide you with additional insights about healthcare cost management and analytics.

Hear from our client at CHRISTUS Health about his team leveraged AutoPricer to identify outlier pricing and achieve savings 

Check out this video to learn more about AutoPricer