Oracle Modern Best Practice for Healthcare Payer—Insight to Smart Sourcing
Insight to Smart Sourcing
Healthcare payers have very slim margins. Oracle Modern Best Practice for Healthcare Payer enables you to achieve the best contract value while decreasing procurement workload. Leverage mobile, social, analytics, and the cloud to streamline the sourcing process and simplify contract creation. Use secure social collaboration to share information on everything from developing the RFx to awarding the contract. Improve decision-making by giving stakeholders anytime, anywhere access to real-time analysis from their mobile devices.
Mobile. Analytics. Social.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.
Mobile. Analytics. Social.Initiate Sourcing Event
Create policy-compliant online negotiation through step-by-step guidance and templates.
Mobile. Social.Develop Specifications
Align specifications with business needs by collaborating with experts and stakeholders. Determine the most likely suppliers per location, division, department, or enterprise.
Mobile. Social.Manage Negotiations
Publish requirements or requests for proposals per location, division, department, or enterprise. Begin participation. Suppliers submit responses using online tools and collaboration.
Mobile. Analytics. Social.Monitor Response
Review and compare submissions. Extend or pause proposal gathering based on responses and/or response rates.
Mobile. Analytics. Social.Analyze and Award Negotiations
Award the contract based on an accurate, data-driven analysis and collaborative review of the supplier.
Mobile. Social.Finalize Contracts
Streamline contract creation by applying the terms and conditions from the negotiation event and the exception-based approvals.
Mobile. Analytics. Social.Ensure Utilization
Realize contract saving by automatically applying the pricing and terms to covered purchases.
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