By  Kylee Savage, Marketing Manager

As the world gathers for the Olympics, the spirit of competition, excellence, and teamwork is on full display. At SpendMend, we channel that same spirit into our work with Integrated Delivery Networks (IDNs). Just like elite athletes, we aim for the highest standards, striving to deliver gold medal performances in every aspect of our services. Here’s how SpendMend’s solutions provide unmatched value to IDNs, helping them achieve operational excellence and financial savings.

Some Olympic journies begin at a starting block, where athletes prepare to unleash their potential. Similarly, our journey with IDNs starts with understanding their unique challenges. IDNs face complexities in managing costs, ensuring regulatory compliance, and optimizing operational efficiencies. Our tailored strategies, like an athlete’s personalized training regimen, ensure that we address these challenges head-on.

Supply Chain and Financial Solutions for IDNs

Sprinting to Savings: Recovery Audit

• In the fast-paced world of healthcare, every dollar counts. Our Recovery Audit solution is like a sprinter, identifying and reclaiming lost funds. Just as sprinters analyze their performance to shave off milliseconds, we review transactions to find discrepancies, ensuring no dollar is left behind. By recovering funds, IDNs can reinvest in patient care and other critical areas.

The Decathlon of Expertise: Invoice ROI

• SpendMend’s Invoice ROI is the do-it-all solution for addressing the challenges of purchased services management. By leveraging advanced analytics, new technology – including machine learning and A.I. – and deep industry expertise, Invoice ROI automates the aggregation of invoice data, providing healthcare systems with real-time visibility into spending across all purchased services categories to help identify cost savings, negotiate contracts, and manage spend over time.

The Relay of Savings: Rebate Insight

• Winning in healthcare requires seamless teamwork, much like a relay race. Our Rebate Insight solution is designed to help IDNs monitor, manage, and maximize rebates. Each leg of the relay, from identifying opportunities to managing contracts and maximizing returns, is handled with precision. By optimizing rebate management, IDNs can achieve significant cost savings, enhancing their overall financial health.

The High Hurdles of Asset Recovery

• Navigating the complex landscape of asset recovery can feel like running a race with high hurdles. Each obstacle represents a potential challenge in reclaiming unclaimed property and other assets. Our Asset Recovery solution is designed to clear these hurdles with ease, helping healthcare organizations recover funds that would otherwise be lost.

Pharmacy Department Solutions for IDNs

The Marathon of Compliance: 340B Program

• Compliance is a marathon, not a sprint. Our 340B Program compliance solution helps IDNs navigate the long journey of regulatory compliance. Like marathon runners who pace themselves for endurance, we provide ongoing support to ensure IDNs remain compliant, avoid penalties, and maximize savings under the 340B program. Our expertise keeps IDNs ahead in the race.

The High Jump of Efficiency: Trulla

• In the high jump, athletes strive to clear ever-higher bars. Our Trulla solution helps IDNs clear the bar of efficiency and cost savings in pharmacy procurement. With real-time analytics and procurement intelligence, Trulla provides actionable insights, helping IDNs make informed decisions, negotiate better prices, and streamline operations. Just like a high jumper’s precise timing and technique, our solution ensures optimal performance in pharmacy procurement.

The Podium Finish: Empowering IDNs to Thrive

At the end of every Olympic event, the best athletes stand on the podium, celebrated for their achievements. At SpendMend, our goal is to see IDNs thrive, standing tall with improved financial health, operational efficiency, and regulatory compliance. Our solutions are designed to empower IDNs to achieve their goals, just as coaches and trainers empower athletes to reach their full potential.

Conclusion

The Olympics inspire us to push the boundaries of what’s possible, and at SpendMend, we bring that same inspiration to our work with IDNs. Through our innovative solutions and dedicated expertise, we help IDNs achieve gold medal performances in every aspect of their operations. Together, we can conquer the challenges of healthcare, one victory at a time.

Join us on this journey to excellence and let SpendMend be your trusted partner in achieving Olympic-level success.