Oracle Modern Best Practice for Healthcare Payer—Requisition to Receipt

Control Payer Spend with a Disciplined Requisition Process
Control Payer Spend with a Disciplined Requisition Process

Requisition to Receipt

Although healthcare payers negotiate favorable contract terms with their suppliers, maverick buying can undermine those savings. With Oracle Modern Best Practice for Healthcare Payer, you can minimize noncompliance and promote spend aggregation with easy requisition creation from approved suppliers. Improve employee efficiency with rule-based document routing and consumer-like self-service tools that leverage analytics and the cloud. Securely create, share, and approve requisitions and receive goods and services using mobile devices. Collaborate socially—at any stage of the process—to quickly resolve issues.


Identify Opportunities
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Identify Opportunity

Focus on high-impact opportunities for savings by analyzing supplier performance and specific spending patterns on expenses, such as specialty drugs, new therapies, and physician versus hospital payments.


Initiate Sourcing Event
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Initiate Sourcing Event

Create policy-compliant online negotiation through step-by-step guidance and templates.


Develop Specifications
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Develop Specifications

Align specifications with business needs by collaborating with experts and stakeholders. Determine the most likely suppliers per location, division, department, or enterprise.


Manage Negotiations
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Manage Negotiations

Publish requirements or requests for proposals per location, division, department, or enterprise. Begin participation. Suppliers submit responses using online tools and collaboration.


Monitor Response
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Monitor Response

Review and compare submissions. Extend or pause proposal gathering based on responses and/or response rates.


Analyze and Award Negotiations
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Analyze and Award Negotiations

Award the contract based on an accurate, data-driven analysis and collaborative review of the supplier.


Finalize Contract
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Finalize Contracts

Streamline contract creation by applying the terms and conditions from the negotiation event and the exception-based approvals.


Ensure Utilization
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Ensure Utilization

Realize contract saving by automatically applying the pricing and terms to covered purchases.


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