2 min read

Prime Care Technologies launches a comprehensive solutions platform for LTPAC

By Prime Care Tech Marketing on Fri, May 01, 2015 @ 06:51 PM

MEDIA CONTACT: Rand Johnson
678-527-1671

 

PRIME CARE TECHNOLOGIES launches the long-term/Post-Acute CARE industry’s MOST COMPREHENSIVE SOLUTIONS PLATFORM

For growth and performance-focused organizations, innovations accelerate results

iStock_000016900025XSmallDULUTH, GA, May 4, 2015 – Prime Care Technologies, Inc., the nation’s leader in technology-powered business solutions for providers of long-term/post-acute care (LTPAC), today announced the launch of a comprehensive solutions platform.

Packed with innovations for LTPAC providers to take financial and operational performance to new heights, the breadth and depth of the platform marks an industry first. Providers can now optimize the right mix of strategic applications, answers, and experts—all running securely in primeCLOUD—to solve some of the industry’s toughest challenges. The lineup is accessed at www.PrimeCareTech.com and includes innovations to:

Reduce costs - primeCOMMERCE, powered by Procurement Partners, provides significant cost cutting through formulary management, invoice automation, central contract compliance, business logic and approval workflows; and more.

Improve cash flow - primeCLAIMS cuts claims processing time up to 35-50% and collects cash faster with an enterprise-class claims solution connected to 3000+ payers.

Optimize a workforce - primeFORCE saves time and money by managing a talent universe in one place.

Drive performance and security - primeCLOUD boosts uptime, performance, and security for the software applications, networks, and devices on which business rely.

Simplify interoperability - primeCONNECT enhances application data sharing within and between healthcare partners to reduce information technology costs, coordinate care, improve quality outcomes, and capitalize on financial incentives.

Measure results - primeVIEW business intelligence provides executives information at their fingertips to make decisions in a centralized dashboard. primeVIEW rolls up key performance data from over twenty-five popular applications under a single login.

“Having the right blend of technology is mission critical for today’s operator,” commented Jim Hoey, CEO of Prime Care Technologies. “Prime Care Technologies suite of solutions is supported by a team of business performance experts who help clients streamline people, processes and technologies to maximize quality of life for patients and residents as well as professional satisfaction for the teams responsible for their experience.”

About Prime Care Technologies, Inc.
Headquartered in Duluth, GA.; and with offices in Eustis, FL; and Brookfield, WI; Prime Care Technologies, Inc. is the nation’s leading provider of technology-powered business solutions for providers of long-term/post-acute care. Clients rely on these technologies and experts to optimize financial performance for procurement, claims, workforce, cloud-IT, connectivity, business intelligence, and more. Having the right information, to make the right decisions, right now—results in tens of thousands of dollars in dividends per location per year. For more information, visit www.PrimeCareTech.com.  

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Topics: business intelligence business commerce evolution Comprehensive solutions platform reduce costs Long-Term Post-Acute Care improve cash flow technology-powered business solutions mplify interoperability optimize the workforce drive performance and security
2 min read

eProcurement – What is it? What’s in it for the Buyer? (Part I)

By Rusty Zosel on Thu, Aug 11, 2011 @ 09:30 AM

Introduction

iStock_000001263418XSmall-resized-600In past blogs I’ve referred to Patronizing Partnership as the highest level of eProcurement Evolution, a Buyer/Vendor relationship marked by trust, cooperation, and mutual support. Let’s discuss this in more practical terms which go beyond the platitudes and attitudes, first by defining what is eProcurement Evolution, specifically, complete procurement automation. (In Part II, I’ll illustrate the benefits of eProcurement with a plausible ROI scenario.)

The Automated Procurement Process – removing the barriers to communication

Let’s start with that which lies at the heart of eProcurement Evolution – open communication between Buyers and Vendors facilitated by the automated procurement process. What are the essential features of a fully-functioning automated procurement process?

The automated procurement process essentially is comprised of the following three elements:

  • A user interface to support configuration of custom business rules, vendor management, and item management
  • An automated exchange of transactions with vendors and buyer systems
  • Application logic to check all configuration and business rules against vendor transactions and buyer systems

For the user of Procurement Partners, transaction automation embraces:

  • A customer-specific and customized application access point for all users
  • A corporate access point for enterprise customers, enabling corporate staff to view procurement activity at all levels of the organization from the corporate level to the individual facility
  • Order approval workflow and tracking
  • Electronic Transactions: purchase orders, acknowledgements, confirmations, updates and invoices
  • Contract and item maintenance with vendors

Automated exchange of transactions with vendor and buyer systems insures an open two-way conversation, including:

  • An online communication protocol with vendors and service providers
  • Custom integration into vendor order processing and item database systems and buyer ERP/accounting systems using their best practices
  • Transaction processing with update/change notifications
  • Electronic invoicing for all types of invoices
  • Invoice approval workflow and tracking
  • Contract price and freight reconciliation
  • Custom alerts at multiple steps in the procurement process

Application logic is the “secret sauce” that really makes procurement automation work.  Here are a few of the ingredients:

  • Customized business logic
  • A vendor product catalog with content maintenance capability
  • Contracted item maintenance, analysis, and reporting
  • Enterprise user administration and management
  • Price reconciliation for contracted items
  • General ledger structure, assignment, and processing support
  • Budget support, tracking, and alerts
  • Intelligent reporting

Conclusion

The two major benefits that Buyers experience from a fully-automated procurement system include:

  • Improved contract compliance – getting the consistent value and price they negotiated with their Vendors.
  • A tangible ROI – leveraging the contract compliance process for real savings. This is what I’ll address in the next blog

Question: What features would you like to see in a fully-automated procurement process?

Topics: order approval workflow business commerce evolution eProcurement ROI automated procurement process partnership

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