CostClarity
Transforming the healthcare supply chain by empowering providers and suppliers with data, analytics and insights to deliver cost savings and improved patient outcomes.
See every dollar. Save every dollar. Lead every day.
CostClarity is vendor neutral platform that helps hospitals optimize their supply chain operations and deliver cost savings and help suppliers generate additional revenues and profitability.
Hospital Challenges
Health systems irrespective of the size face similar challenges
Hospitals lack spend visibility, pricing and real time business intelligence to make informed decisions. Relying on antiquated methods to run a 21st century operation.
Higher physician preference costs tends to be a continuous challenge. Cost, procedure outcome & charge master exist as islands inhibiting a discussion with physicians or change in behavior.
Product, item master, pricing, contract, procedure costs and consumption pattern data remains buried in silos and disparate system hindering enterprise visibility.
Over-reliance on old ERP systems, costly maintenance, and support costs, and lack of user-friendliness result in lower user adoption leading to leakages- reference to current systems.
Lack of actionable analytics and intelligence coupled with disparate systems slows down decision making.
Acute care and non-acute care are treated and run as separate organizations leading to leakages & loss of effectiveness.
We Guarantee
preference card digitization
item master cleanup
with real-time AI alerts
through automation
CostClarity Methodology
Why CostClarity
| Area | CostClarity | Competitors |
|---|---|---|
| Speed | 90-day ROI realization | 6–12 months cycles |
| Technology | Embedded AI for real-time actionable alerts | Retrospective dashboards only |
| Engagement | At-risk, Managed Service or Subscription | Rigid contracts |
| Guarantee | Savings backed pricing | Fee-for-service |
Features
A Modern AI driven platform – LLM with native logic
- Seamless integration with existing EMR, ERP
- Integration of cost, quality, outcomes, reimbursement
- One consolidated item master
- 100% order accuracy
- Up-to-date database of 3.5M products
- 100% organization coverage – medical, surgical, consumables, pharma
- Procedure card creating and optimization
- Accurate identification of physician preference items- Manage PPI costs pro-actively
- Accurate functional equivalency mapping
- On demand intelligence – Conversational AI