Inventory Optimization Solutions (IOS) Announces New Envi® Contracts Module

Envi customers leverage new Contracts Module to load and manage contracts, items and vendors; helping to reduce manual business processes and costs, and ensure price accuracy

 

Inventory Optimization Solutions (IOS), the principal provider of supply chain management solutions to healthcare organizations in the non-acute segment, announced today the availability of a new contract management module within the Envi® supply chain management platform. With this new module, Envi users can streamline contract management processes and updates, while more effectively leveraging local contracts, Group Purchasing Organization (GPO) contracts, and service agreements. Using the new Envi Contracts Module, provider organizations can ensure they are accessing the most current pricing, correct tiers, and achieve the greatest value from their negotiated agreements.

Contract management in healthcare remains a significant challenge for a variety of reasons. Complexity of organizations, involvement of multiple parties, availability of pricing tiers, specific contract terms and requirements, and an exceptionally wide range of supplies, devices and units of measure, all combine to drive contract managers toward lengthy and difficult manual processes, as they attempt to gain visibility to and value from their negotiated agreements.

The new Contracts Module creates greater automation, easier contract loading and automatic matching between contracts and products that customer organizations have loaded into Envi.

“Because we’re continually looking to address our customers’ most significant supply chain challenges, we’re excited to announce the availability of this new module,” said Steve Britt, managing partner, IOS. “A few of our customers in the ambulatory surgery space have piloted and provided feedback on the new module, which is now ready for use across all of our healthcare provider facilities. For example, one of our ASC customers has loaded over 1,300 contracts and is now seeing great efficiencies and reduction in time to manage both local and GPO contracts.”

IOS customers using the new Envi Contracts Module will benefit from:

  •     Easy uploading of local and GPO contracts
  •     Automated expiration date notifications
  •     Streamlined steps to add vendors, authorized facilities and contracted products
  •     Automated matching process between Envi’s item master and a newly uploaded contract
  •     Instant system-wide price updates
  •     Easy uploading of file attachments to store copies of the original paper contracts

IOS continues to focus on helping customers drive cost savings. With the addition of the Envi Contracts Module, IOS is helping customers address risk management issues by storing all agreements in a single location for instant access to information. With these enhancements to Envi, IOS continues to expand its portfolio of cloud-based, mobile supply chain solutions that automate and improve processes, create greater visibility and reduce overall supply chain costs.


About Inventory Optimization Solutions (IOS)
Inventory Optimization Solutions (IOS) provides healthcare organizations with powerful, affordable, uniquely modular, and easy-to-use web-based supply chain solutions that offer the flexibility to support facilities throughout the continuum of care. IOS operates with a commitment to delivering world-class customer service, guiding customers to a better supply chain, providing high-touch support, industry best-practices, deep healthcare expertise and continuously evolving solutions that help them succeed. The goal of IOS is to ensure customers have more time each day for their most important role: caring for patients. For more information, visit http://www.ioscorp.com.

 

Original press release: http://www.prweb.com/releases/2018/03/prweb15265021.htm