Operating in the shadows Procurement Spend Analytics is critical to hospitals realising maximum value, Mat Oram CEO of AdviseInc tells Sarah Cartledge
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elping suppliers get the best products into the market is a simple concept but one that is not necessarily at play in the UK healthcare sphere. Many hospital groups still procure independently, from one NHS organisation to another, leading to disparity of pricing and often overspending. Within the NHS, which has more than 220 provider trusts, the price gaps can seem
incomprehensible to those outside the system, but fortunately there is help at hand. AdviseInc is a small but dynamic health tech company that sees its goal as helping healthcare organisations make sense of their spend data, thus saving money. They achieve this by connecting product knowledge with Artificial Intelligence and analysing millions of rows of line level
purchasing data to identify discrepancies and anomalies, resulting in huge savings for the hospitals that consult them. Once clients understand the value in their data, they continue to use AdviseInc to analyse an ever-increasing data set and drive more insight. For CEO Mat Oram, this is the optimum result. Five years ago the company was delivering a national price benchmarking tool to every NHS trust in England until NHS Digital brought the service in-house more recently. Now Mat and his team work directly with many countries and hospitals including NHS Wales, Health and Social Care Northern Ireland, Guy’s and St Thomas’s and Integrated Care Systems,
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