Medpricer, the leading purchased services cost management solution for the health care industry, announced today that Texas Children’s Hospital chose its mSource software platform to centralize its purchased service sourcing efforts.

Texas Children’s Hospital is one of the largest pediatric hospitals in the nation and continues to grow and expand its services across the state of Texas. To meet these expanding needs, Texas Children’s created a Purchased Services Department to work with hospital stakeholders to identify which products and services are necessary to support patient care.

Medpricer will provide the hospital with complete life cycle management tools for purchased services. mSource delivers analytics, e-RFP sourcing and Precision Benchmarks within one platform. This service can:

• Analyze more than 600+ spend categories to identify the suppliers that best meet their purchased services needs
• Run a complete RFP event online, from a call for proposals to negotiating and signing contracts
• Benchmark cost savings available within specific categories to determine what savings are available

“Medpricer’s life cycle management expertise will complement Texas Children’s Purchased Services team,” said Medpricer CEO Chris Gormley. “By centralizing the entire purchased services sourcing process, we will help the hospital to maximize savings for the products and services with the goal of benefiting both staff and patients.”

For more information, please visit www.medpricer.com.