PartsSource launches E-commerce platform, visual analytics & advanced formulary controls

June 11, 2019

PartsSource, a fully integrated, supply chain procurement and advanced logistics platform, has announced the launch of two new products which they unveiled during the Association for the Advancement of Medical Instrumentation (AAMI) Exchange June 6-7.

Described in a news release, the new PartsSource ecommerce platform offers a newly designed site experience with powerful artificial intelligence-driven site search, a streamlined and more efficient ordering process, and evidence-based quality for healthcare technology management (HTM) teams and clinical engineering customers.

PartsSource says it also expanded its analytics and formularies for technology management and clinical engineering teams through the release of new PartsSource enterprise benefits. Financial challenges have long ranked No. 1 on the list of hospital CEOs’ top concerns, according to the American College of Healthcare Executives. With reimbursement for medical services trending steadily downward, the company says hospitals are focused on managing the rising cost of staff and supplies.

E-commerce platform: Combining AI and machine learning with PartsSource’s proprietary and patented PRECISION supply chain procurement, the new e-commerce platform delivers evidence-based decision support, workflow automation and order management across 4 million medical products and purchased services, which support mission-critical healthcare operations to reduce cost, improve quality and speed of care. Features include:

·  Machine learning for fast, intuitive search: Algorithmic site search designed to improve search relevance with machine learning to auto generate suggestions, matching customer intent to help quickly find relevant product and service suggestions.

·   Personalization for more focused browsing: Personalized browsing experience across key departments conveniently located within the navigation bar for easy identification, including past purchases, recent browsing history, personalized shopping lists and personal preferences to drive a better user experience.

·   Filtering for easy and accurate product selection: Ability to filter search results by specific product attributes such as OEM, model and product category. Quicker access to detailed product information and extended product specifications to ensure the right product is selected.

·   Improved speed for faster check-out: Page speeds up to 20 times faster allowing users to quickly find all available product and service options. Increased performance evidence-based decision to provide the highest quality option at the lowest cost.

·   Rich tracking for quick status updates: Advanced tracking information to see expected ETA, and visual progress of deliveries with expanded email and text notifications to stay up-to-date on availability. Improved status and order reporting to better manage activity and purchases across an organization, site or department.

Visual analytics & advanced formulary controls: PartsSource enterprise customers now can address a variety of challenges with visual analytic and advanced formulary controls. As a result, members of the PartsSource community will be further equipped to ensure clinical availability and lower costs.

Visual Analytics

PartsSource equips CE and HTM teams with comprehensive, accurate and robust information at the point of decision, helping reduce costs. With the visual analytics, enterprise customers can:

·   Use built-in analytics to see trends in spend by modality, manufacturer and product type

·   Access parts and services by facility and location, including technician and product condition

·   Drill down into cost savings opportunities across the organization and consistently review quality outcomes

Formulary Controls

Using formulary controls, PartsSource customers now can standardize their organization’s purchases to improve quality, decrease costs and promote purchasing consistency across technicians, and hospitals.  Through PartsSource formulary controls, customers can:

·   Implement system-wide formulary choices across the health system, sites or departments to reduce costs

·   View performance against industry benchmarks and leverage formulary libraries across similar organizations

·   Manage formulary exceptions, with advanced workflows, and tracking of approvals