TractManager, Inc., Acquires MedApproved
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TractManager, Inc. announces acquisition of MedApproved, expanding its MD Buyline strategic sourcing portfolio to include automated, SaaS-based product evaluation for hospitals.
DALLAS, TX — JULY 11, 2017 — TractManager, Inc., the healthcare industry’s largest supplier of strategic sourcing and contract lifecycle management (CLM) solutions, has acquired MedApproved, a company providing a SaaS-based, new product approval workflow solution to help hospitals review the thousands of products and services that physicians, nurses and staff request on a yearly basis.
“MedApproved is a natural complement to MD Buyline’s strategic sourcing solution,” said Trace Devanny, chief executive officer of TractManager. “MD Buyline clients will be eager to learn how they can incorporate MedApproved into their sourcing processes to streamline new product evaluations across their hospitals and health systems.” Read More.
We Can Help Your Hospital and Health System!
We’ll help you standardize processes for new product introduction within your organization. Our web-based application and database is a strategic and innovative tool for managing how all new products are funneled, reviewed, and documented.
Every day, clinicians request new products from manufacturers and suppliers. Often products are purchased by a hospital without Supply Chain’s involvement, including making the department aware of costs, clinical advantages, reimbursement, safety, and services and support for the product.
MD Buyline wants to help hospitals improve upon this practice. When hospitals utilize the MedApproved solution, Supply Chain will no longer be reacting to an equipment or technology purchase. MedApproved is easily implemented and allows hospitals to evaluate, validate, and negotiate each new product request in a comprehensive and streamlined manner.
Contact us today to learn more. We’ll walk you through the easy to use application. Your supply chain, clinical operations, value analysis committee, and executive management will thank you!