Spend-Analytics-Paper

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Recently Released Research Paper on Spend Management Solutions for the Healthcare Industry

(Spend Analytics / Data Cleansing)

October 2010

Research Study Conducted By: Robert Handfield, PhD (NC State University)

This summer, an NC State research team was assembled which performed a thorough evaluation of spend analysis "best practices". The study surveyed the landscape of different providers of spend management in the healthcare industry. This included Group Purchasing Organizations (GPO’s), ERP system providers, specialized software providers, and distributors.

The five major categories of spend management assessed at each of these organizations included data cleansing, spend analytics, contract management, technology enablement, and customer service/responsiveness. Of these categories, data cleansing was identified as the most challenging component that is fundamental to creating true visibility of spend. Unfortunately, data cleansing is also the component that was typically overlooked by the majority of the organizations reviewed in this analysis. While each of these organizations provides a different and unique set of capabilities in the area of contract management, technology, analytics, and support, only two of the providers demonstrated capability in capturing, cleansing, coding, and uploading 100% of the spend data for hospitals and IDN’s; M*D Resources' Data Cleansing Solution partner for Healthcare being the identified "best practice" organization.

The full version of the paper can be downloaded for further details.