SpendRule continues to make headlines with well-deserved coverage in Healthcare Innovation. 🔗 bit.ly/4ra1asw As Dave Fergus at OSF HealthCare put it, negotiating strong rates is one thing. Knowing whether you’re actually capturing the value is another. When leaders say they know they’re overpaying but can’t fix it, that’s a real signal. SpendRule is building directly into that gap and the momentum is real. #HealthcareSupplyChain #ContractIntelligence #HealthTech
“We may be negotiating really good rates on the hundreds of contracts we have, but I can’t tell you whether we are getting the value that we contracted for. In fact, I could tell you anecdotally, I know I'm not.” That’s a direct quote from Dave Fergus, Chief Supply Chain Officer at OSF HealthCare. When an experienced executive at a major health system – someone who negotiates these contracts, manages these vendors, and runs a sophisticated operation – says that he knows he’s overpaying and can't stop it, that’s because the tools and systems haven’t existed to change this reality. In fact, every supply chain exec we talked to said the same thing in different words. So we built a solution. Healthcare Innovation covered how we built it and why – including the co-development process with leading health systems, the Abundant Venture Partners’ model, and how our solution puts a brain into every contract. The full article is linked in the comments👇. #HealthcareSupplyChain #PurchasedServices #ContractIntelligence