CHICAGO--(BUSINESS WIRE)--BravoSolution, the spend analysis and strategic sourcing company, has been named one of ‘Healthcare’s Hottest’ by Modern Healthcare. The Healthcare’s Hottest award recognizes the fastest growing healthcare companies in the U.S.
“The system has fundamentally changed, and patient expectations are rising. Maintaining profitability, efficiency and patient service requires that healthcare organizations embrace and invest in the procurement and sourcing function.”
As government regulations and political reform transform the healthcare industry, pressure continues to build on healthcare organizations to drive cost savings and efficiencies in the supply chain. This new landscape – marked by tight margins and rising operational costs – places a renewed focus on sourcing and procurement teams, and the opportunity they have to drive top- and bottom-line growth in a volatile economy.
“The most successful healthcare companies have complete visibility into what they’re spending, who they’re spending it with and how those supplies map directly to patient outcomes,” said Kristian O’Meara, vice president and healthcare practice lead at BravoSolution. “The system has fundamentally changed, and patient expectations are rising. Maintaining profitability, efficiency and patient service requires that healthcare organizations embrace and invest in the procurement and sourcing function.”
Backed by more than 60 years of healthcare sourcing expertise, BravoSolution offers the top sourcing and spend management solutions in the healthcare industry, with industry-specific functionality for complex categories, group purchasing organizations, physician preference items, construction, pharmaceuticals and regional coalition centers.
The 2012 Healthcare’s Hottest program identified the “Fast 40” companies in the hospital, physician group practice, payers and insurers and supply sectors. To qualify, companies must be headquartered in the U.S., have earned at least $20M in 2011 revenue and have been in business for five years or more.
Supply management executives are now, more than ever, under pressure to deliver more savings, develop and manage strategic supplier relationships, accelerate procurement cycles, and maintain process excellence. Confronted with these diverse yet consistent challenges, CPOs and sourcing professionals must seek tailored solutions that deliver rapid ROI to their business.
BravoSolution offers leading software and services to fit the needs of today’s sophisticated supply management organizations. Our services organization, one of the world’s largest teams of professionals dedicated exclusively to sourcing and procurement consulting, delivers lean, targeted services to support strategic sourcing and procurement initiatives. Our industry leading software toolkit supports the full supply management lifecycle across a myriad of industries, geographies and business models.
As of today, over 50,000 procurement professionals in 60 different countries are benefiting from BravoSolution’s technology and services – unlocking tangible benefits such as increased process efficiency, decision support, cost reduction, improved process governance, greater quality relationships with vendors and the ability to share, understand and act upon the wealth of sourcing-related data held within their organization. Learn more at BravoSolution.com.