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StratMed is the Preferred Partner for Large Quaternary Care Hospitals, Single Speciality Hospitals, Corporate Chains, Community Hospitals, Nursing Homes and Clinics.

Future-Ready, End-to-End Solutions for

HOSPITAL PURCHASE PLANNING & SUPPLY CHAIN MANAGEMENT

Gain Commercial benefits up to 15%

Potential savings 12-18% without compromising on Quality of Care

  • Integration with existing HIS to reduce cognitive errors by 1-2%
  • Clinical Payout Savings up to 15%
  • Lower Infrastructure Costs by 50%

  • Optimisation Gains up to 8%
  • Reduce Surgical and Medical Material Cost by 30%
  • Reduce Non-Medical Material Cost by 5%

Efficiency Improvements up to 20%

APPROACH

Well-Rounded 
Proprietary
Methodology
COMPASS™

Wide Lens Approach: Leveraging the Networked Supplier Ecosystem.

Resource Costs, Product Consumption and Brand Choices.

Standardised Formulary Design.

Procurement Solutioning.

Systematic De-Bottlenecking.

Cost Optimisation across the Continuum of Care.

APPROACH

Well-Rounded 
Proprietary
Methodology
COMPASS™

Wide Lens Approach: Leveraging the Networked Supplier Ecosystem.

Resource Costs, Product Consumption and Brand Choices.

Standardised Formulary Design.

Procurement Solutioning.

Systematic De-Bottlenecking.

Cost Optimisation across the Continuum of Care.

Focus
Areas

Consistent and measurable improvements across all key impact areas.

  • Measure and Capture Existing Hospital Rates and Margins
  • Consolidate Brand & Vendor Mix
  • Validate against Industry Best Practices

  • Assess Current Utilisation
  • Measure and Capture Existing Hospital Supply Chain Process
  • Identify Focus Area & Seal Leakage
  • Digitised Requirement Fulfilment

  • Measure and Average Consumption
  • Standardise and Set Package Limits
  • Clinical Procedural / Treatment Pathway & Protocol Mapping
  • Correlate and Compare findings of Stage 1 and Stage 2 with Industry Consumption Patterns
  • Build Packages as per Patient / Payor Type

  • SKU Standardisation through formulary designing to Improve cost efficiancy
  • Brand and Vendor Consolidation.
  • Cost & Brand Benchmarking with Member Hospital Network

  • Integer Implementation and Integration with existing HIS
  • Digitised Procurement Management
    • Smart Contracts, PO and Indenting, Supplier Efficiency Monitoring and Setting Reorder Levels.
  • Tech-enabled- Dashboard

Focus Areas

Consistent and measurable improvements across all key impact areas.

  • Measure and Capture Existing Hospital Rates and Margins
  • Consolidate Brand & Vendor Mix
  • Validate against Industry Best Practices

  • Assess Current Utilisation
  • Measure and Capture Existing Hospital Supply Chain Process
  • Identify Focus Area & Seal Leakage
  • Digitised Requirement Fulfilment

  • Measure and Average Consumption
  • Standardise and Set Package Limits
  • Clinical Procedural / Treatment Pathway & Protocol Mapping
  • Correlate and Compare findings of Stage 1 and Stage 2 with Industry Consumption Patterns
  • Build Packages as per Patient / Payor Type

  • SKU Standardisation through formulary designing to Improve cost efficiancy
  • Brand and Vendor Consolidation.
  • Cost & Brand Benchmarking with Member Hospital Network

  • Integer Implementation and Integration with existing HIS
  • Digitised Procurement Management
    • Smart Contracts, PO and Indenting, Supplier Efficiency Monitoring and Setting Reorder Levels.
  • Tech-enabled- Dashboard

PREFERRED PARTNER FOR