Procurement Partners: Company Research Report

Company Overview

General Information

• Name: Procurement Partners

• Mission: To streamline day-to-day spend management and inventory operations with the right technology to support organizations and front-line caregivers.

• Founded By: No information is available

• Key People:

• Heather Caudill: Senior Vice President of Operations

• Brad Dewey: Chief Product Officer

• Kenny Eon: Chief Sales Officer

• Neetu Jindal: VP of Human Resources and People Operations

• Rajeev Kulam: Vice President of Engineering

• Greg Raber: Vice President of Channel and Partnerships

• Sharon Roen-Yates: VP of Customer Experience

• Jenny Schultz: Director of Marketing

• Troy Thibodeau: Chief Marketing Officer

• Perry Turbes: Executive Chairman and Chief Executive Officer

• Kumar Unnikrishanan: Chief Technology Officer

• Jason Vincelette: Director of Product Management

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: Leading procure-to-pay management software for post-acute, non-acute, and continuum-of-care providers.

Products

Overview

Procurement Partners offers several products focused on healthcare procurement and supply chain management, primarily through automated and integrated technological solutions.

Products and Key Features

E-Procurement

• Description: The only all-in-one eProcurement platform designed solely for healthcare providers.

• Key Features:

• Access to 9,000+ healthcare suppliers and vendors.

• Real-time analytics and reporting on prices, item quantities, and purchasing history.

• Customizable workflows and approvals with specific vendor guardrails.

• Formulary and contract compliance.

Materials Management

• Description: Digital insights to ensure inventory is managed efficiently.

• Key Features:

• Precise real-time inventory tracking.

• Partial receiving and digital verification for accurate invoicing.

• Periodic Automatic Replenishment (PAR) levels.

• Custom cycle counting reports and expiration date tracking.

AP Automation

• Description: Simplifies accounts payable tasks in healthcare through automation.

• Key Features:

• 3-way matching of invoices, purchase orders, and goods received notices.

• 100% invoice digitization with Optical Character Recognition (OCR).

• Automatic auditing and approval processes.

• General ledger coding.

• On-demand support and comprehensive training.

Recent Developments

General Updates

• Recent Initiatives: Procurement Partners recently hosted its 2023 Hack-A-Thon, aimed at sparking new innovation and driving development for customers.

Product Enhancements

• No specific new products launched mentioned.

• No new features added to existing products mentioned.

Partnerships and Industry Trends

• Value Adding Partnerships:

• Engagement with trusted suppliers to streamline buying processes.

• Enhanced relationships with Group Purchasing Organizations (GPOs) to leverage contract pricing terms and rates.

• Recent Articles:

• "6 Ways to Simplify Your Supplier Management Process" published on December 8, 2023.

• "Unleashing Innovation: Procurement Partners Wraps its 2023 Hack-A-Thon" published on November 29, 2023.

• "Kick-Off the New Year with New Savings" published on November 20, 2023.

• "Purchasing Trends in Healthcare: What to Watch for in 2024" published on November 13, 2023.

Customer Testimonials and Case Studies

• Customer Feedback:

• Commonwealth Senior Living: Selected Procurement Partners for their leading technologies, vendor integration, and cost containment.

• Foundations Health Solutions: Reported savings exceeding $1M in product spend.

Conclusion

All data indicates that Procurement Partners is deeply involved in innovating and optimizing healthcare procurement and supply chain management. Their product suite is designed to ensure efficiency, compliance, and cost-effectiveness in an industry where these factors are critical.

For further details or personalized demos, Procurement Partners encourages potential customers and partners to connect through their official channels.