Founded in 2000, our client is a healthcare leader pioneered a cutting-edge cloud-based supply chain network, connecting over 19,000 healthcare organizations and 15,000+ supplier divisions. Handling thousands of medical-surgical products with constant updates, they encountered major supply chain data management challenges:
- Manual data entry caused item master errors, such as inaccurate product data, duplicates, and missing details.
- Contract pricing discrepancies led to missed reimbursements.
- Inventory inaccuracies resulted in overpayments and customer losses.
To enable seamless purchasing processes, they sought to modernize their healthcare supply chain data management solution. With proven technical expertise, LARION was chosen to redesign and enhance the platform.
Project Implementation
LARION delivered end-to-end software development, dedicating 200 man-months of effort to the supply chain data management solution. Our team employed web crawling technology and objective text mining to gather and analyze vast datasets. Using a robust tech stack—featuring Ruby, Lisp, JavaScript, PostgreSQL, and AllegroCache—we built a scalable, high-performance platform. Additionally, we implemented AI S-O techniques to boost data accuracy and generate actionable insights, creating an efficient and streamlined supply chain management system.
Solution Capabilities
The enhanced platform introduced advanced features for improved data accuracy and operational efficiency:
- Automated cleansing, syncing, and conditioning of item master data.
- Standardized data across systems with Global Data Synchronization Network (GSDN) attributes.
- Continuous monitoring of item master data for updates and changes.
- Integrated Healthcare Common Procedure Coding System (HCPCS) codes for streamlined billing and reimbursements.
- A comprehensive industry catalog featuring over 800,000 items.
- Detailed reports on budget allocation, spending patterns, and cost-saving opportunities.
Results
Within 12 months of implementing the platform, users achieved impressive outcomes:
- Prevented $1 million USD in losses from inaccurate data and inefficiencies.
- Saved $370,000 USD through improved contract and tier price compliance.
- Reduced non-file spending by 87%, cutting costs from $33 million USD to $4.3 million USD
LARION is a good company to do business with. The management is strong, and the processes are well thought out – Senior Manager
