NHS Wales partners with AdviseInc for spend analytics

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NHS Wales Shared Services Partnership (NWSSP) Procurement Services has partnered with AdviseInc to implement advanced spend analytics across NHS Wales.

The analytics tool will support NWSSP have visibility of all non-pay spend, including analysis and insight into product switching, supply route switching, EU exit analysis and price variation tracking.

The deal also includes the company’s HealthCheck platform to provide a summary of key KPIs, stats and opportunities for non-pay spend.

Jonathan Irvine, Director of Procurement and Health Courier Services, NWSSP  ‘‘AdviseInc’s team and their Spend Analytics services continue to be a key enabler in helping NHS Wales deliver greater value.”

“Given the significant ROI delivered to date through Price Benchmarking, we’ve now partnered to use the spend analytics tool, providing full non-pay spend analysis across NHS Wales. We’re looking forward to working more closely with AdviseInc over the coming years, delivering greater insight and opportunity to improve efficiency and outcomes for our patients.”

Mat Oram, CEO and Co-founder, AdviseInc “We’re delighted to continue our work with NHS Wales. They’re a great example of a strong procurement team using the best of analytics to drive greater efficiency.”

“We’re seeing a growing number of NHS customers that require more than a tool. The capacity and capability of local teams is stretched and having a service that turbo-charges an internal team is something more providers are asking us for”.

“The service is based on AdviseInc’s highly successful Price Benchmarking tool, recognised as being a world first by Lord Patrick Carter and delivered as part of his recommendation on reducing commercial variation across the NHS. AdviseInc implemented the service across all providers in England in under 3 months and is credited with saving the NHS tens of millions of pounds.”

 

Source: Health Tech Newspaper

Date: January 10, 2020 7:52 am