About the client
NDA signed
- Founded: 2000
- Industry: Hospitals and Healthcare
- Market: United States
- Products & Services: Healthcare supply chain management system
- Employee size: 800+ globally
Challenge: Legacy systems impede business growth
With continuous advancements in technology, the variety and volume of medical devices and equipment have increased dramatically over the years. The U.S., as one of the global leaders in medtech, accounts for approximately 40% of the global market and is home to over 6,500 medtech companies. The market also experiences an estimated 10 million changes to medical-surgical products each year
This rapid product growth has introduced significant complexity to supply chain and data management. As a healthcare supply chain network that connects tens of thousands of suppliers, healthcare providers, and distributors, our client faced growing challenges. Their legacy system failed to deliver real-time data on the medical product supply chain, leading to frequent item master errors and contract pricing discrepancies. These issues led to overpayments and missed reimbursements, amplifying overall inefficiencies across the supply chain
To streamline the entire supplier-to-patient process with a robust supply chain management system, the client sought a trusted technology partner—and found it in LARION, known for its skilled engineers and cutting-edge solutions
Solution: A cutting-edge solution for smarter supply chain management
With a dedicated team of 200 experienced engineers, LARION developed NuVia, an advanced cloud-based platform that connects hospitals and suppliers for the purchase and delivery of medical – surgical products. Developed using Ruby, PostgreSQL Lisp, AllegroCache, and JavaScript, the virtual item master system excels in automatic data cleansing, syncing, and conditioning while maintaining multiple data descriptions across of a vast catalog of over 800,000 items
The system is also powered by objective text mining, web-crawling technology, AI-based data identification & discernment (AI S-O) and advanced data normalization techniques to ensures accurate and consistency data across all sources, creating a unified and reliable repository.
To further streamline operations, NuVia integrates Healthcare Common Procedure Coding System (HCPCS) codes directly into its product servers, offering standardized identification for medical products. This enhances accuracy across billing, inventory management, and procurement workflows, reducing manual errors.
Beyond data management, NuVia offers insightful reporting capabilities that provide a comprehensive view of spending. These detailed reports enable healthcare providers, suppliers and distributors to make informed decisions, optimize resource allocation, and identify cost-saving opportunities.
Result: Taking operational efficiency to a notch
Since the implementation of NuVia, the company has seen remarkable improvements in customer experience, particularly through enhanced product visibility and a significant reduction in transaction errors.
One of our client’s customers achieved an impressive 87% savings on non-file spending, cutting costs from $33M USD to just $4.3M USD. Another customer realized $370,000 USD in savings by improving contract and tier price compliance, while also avoiding $1M USD in costs caused by inaccurate data and inefficient processes.
By delivering up-to-date product information and accurate purchase orders, NuVia enables healthcare providers to streamline procurement with real-time visibility into product availability, pricing, and contract terms—allowing for smarter, faster purchasing decisions. Suppliers also benefit from the platform’s robust analytics and reporting tools, which reveal purchasing trends and demand patterns, helping them refine inventory strategies and production planning for even greater efficiency.
