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Healthcare:
Provider solutions From sourcing to settling, Synthium Heath not only helps optimize
your spend, lower costs and reduce the supply risks, but we
streamline workload efficiencies when working with multiple
suppliers. Connect with a network of quality sellers who can
collaborate with you, making the eProcurement process improve
your bottom line.
Converging healthcare with technologies
to create an intelligent platform
Synthium Health is a cloud-based, digital information and
commerce platform designed for the healthcare industry.
We offer automated supply-chain management solutions that
create remarkable experiences between trading partners by
driving engagement and conversion.
Synthium Health helps providers and businesses come together
in a single community to discover and collaborate in
marketplaces, eliminating the middleman. Leveraging the latest
technologies and online solutions, our customers cut operational
costs, maximize efficiencies, grow revenues and build long-
lasting relationships.
Privately held and based in Atlanta, GA., Synthium Health’s
proprietary platform offers a range of solutions that are
synergistic, customizable and scalable, exceeding business needs.
About us
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Simplify. Optimize
Engage, align and transact with trading partners on our all-cloud platform
that simplifies the B2B supply-chain experience. Whether you are selling or
buying, our powerful digital commerce tools and technologies help grow your
revenues and cut costs where it counts most..
Create efficiencies
Drive the supply chain process with synchronization and automation,
eliminating the manual work involved. Watch as exchanges are sped up,
save you money, simplify contract negotiations and even boost the quality of
care. With these new efficiencies in the flow of materials, suppliers can grow
their business and providers can spend more time with their patients.
Go digital
Transform the way you work with smart technologies, in-house or on the
move, and watch as you build agility, while maximizing productivity,
performance, and efficiencies. In this converging, networked world, leverage
the web, videos, social media and mobile devices to connect with trading
partners wherever they are.
Digital commerce
in a converging
healthcare world Synthium Health is a networking marketplace for
the healthcare industry that enables providers
and suppliers to exchange information and
conduct eBusiness, cost-effectively.
Our automated platform is centered around a
holistic approach to creating efficiencies, all the
way through the supply-chain process.
From sourcing-to-settlement, to leveraging
intelligence for better decision-making, Synthium
Health uses advanced technologies and the
latest best practices in eCommerce to maximize
your business revenues.
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Accelerating time-to-market, on your terms
Focus more on your business and less on IT. Synthium Health’s resilient
platform delivers the speed, agility, security, availability and scalability that is
right for you. We make sure our innovative commerce practices and
evolution will keep your business growing, without the need to think about
software, maintenance and upgrades.
Delivering a 360o strategy
The power of Synthium Health’s 360o digital commerce interaction on a
single platform helps grow brand visibility and build long-lasting
relationships. With our cross-channel tools via social, mobile, email and
community networks, extending your reach has never been easier. Providing
real Return on Investment (ROI)
Providing real Return on Investment (ROI)
Synthium Health contributes to your bottom line by getting you up and
running faster, cutting your time to get down to business, while making you
more productive and competitive. With our transparent and predictable
pricing, we provide a low-cost, low-risk basis and high solution-value that
maximizes your margins and returns.
Making digital
commerce healthier
with Synthium Health
Synthium Health provides agile, feature-
rich supply-chain management solutions
that address a range of needs and
budgets to keep you competitive.
Using the latest in transformational
technologies and digital commerce
practices, we help cut operational costs,
increase efficiencies and boost revenues,
all while keeping it simple.
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Turn spending
into savings
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eSourcing
Find the right supplier, at the right time, for the right price
Supplier-matching system | eTenders & eAuctions | eEvaluations | Contract management
Supplier management
Consolidate and manage all your suppliers on one platform
Purchase orders | Supplier on-boarding | Compliance | Assess supplier performance
ePurchasing
Reduce labor costs, boost productivity and maximize spend with automated
ordering
eCatalogs & purchase requisition | eOrdering | eBartering
Buy smarter with the
right suppliers, at the
right time
From sourcing to settling, Synthium Health
not only helps optimize your spend, lower
costs and reduce the supply risks, but we
streamline workload efficiencies when
working with multiple suppliers.
Connect with a network of quality sellers
who can collaborate with you, making the
eProcurement process improve your
bottom line.
Accounts payable
Optimize costs while reducing cycle-times by simplifying the purchase order
and invoice payment process
eInvoice | Review, routing & approvals | EDI | OCR | Reporting
Spend analytics
Cut costs and minimize your supply risks
Spend data manager | Spend visibility and analytics
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eSourcing
Supplier-matching system
Synthium Health’s supplier-matching system identifies new sources of
suppliers, allowing you to target the right one for any need. Find suppliers
even for spot buys, non-strategic and low-cost spend, and indirect services.
eTenders and eAuctions
With just a quick posting, begin the tender within 24 hours with matched
suppliers in our network. Manage the full scope of sourcing events, taking it
from supplier invites, event creation to supplier negotiations. Easily
schedule bidding rounds and timelines, monitor the supplier tender process
and even provide feedback to guide supplier bidding.
eEvaluations
For more complex and strategic procurements, eEvaluations help structure
assessment criteria and carry out bid comparisons, driving contract value.
Visibly promote the scores of the evaluation by the procurement team, in
addition to the rationale and reasoning for the scoring.
Centralize the
management of your
sourcing events
Synthium Health offers an end-to-end
eSourcing solution that covers the entire
bidding process on one single platform.
From supplier matching, tendering and
RFx evaluations, to contracts and pricing
management, our eSourcing solution
provides procurement value that cuts
costs and minimizes risks. Contract Management
Gain greater control over the contract life-cycle with automated tools that
highlight contract obligations, exposures, expirations, changes and
renewals, helping you reduce costly oversights and risks. Simply set up
tiered pricing and milestone alerts, and automatically track invoiced spend
and savings, for hundreds, even thousands of suppliers.
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Supplier
management
Purchase orders
Once your product stock reaches a defined threshold, assign Synthium
Health to automatically create a purchase order for the supplier and send it
through Electronic Data Interchange (EDI). Our re-stock rules and inventory
thresholds automation streamlines workflows that frees up your time for
other tasks.
Supplier on-boarding
Automate and simplify your supplier’s registration and on-boarding by setting
up payables process and changing statuses from prospect to active supplier.
Collect payment information, W8/9 documents and TIN matching.
Compliance
Synthium Health ensures compliance with supplier, contract pricing and
payment policies. With a digital catalog of approved products and services,
reduce expensive unauthorized and off-contract spending.
Gain competitive
advantage in the new
digital commerce era
Keep all up-to-date and accurate supplier
information on Synthium Health’s cloud-
based platform. With our system, easily
maintain quality information that manages
purchase orders, assesses supplier
performance, monitors compliance, and
new supplier on-boarding.
Our supplier management solution helps
your eProcurement stay in check and
keeps you competitive.
Assess supplier performance
Monitor and assess your suppliers through Synthium Health’s scorecard and
performance measurement. Performance is based on processing
automated information capture from multiple sources, measuring the
supplier base against agreed uniform metrics for internal ranking, based on
number of complaints, complaint rate and delivery. For underperforming
suppliers, take corrective actions that allow them to improve their
performance score and rank. 10
11
ePurchasing
eCatalogs & purchase requisition
View your portfolio of approved contracted products, supplies and services
at negotiated prices across your seller networks, guiding user choices for
purchasing. Authorized users can add purchase order line items to the
shopping cart, which is then sent to the ePurchasing system for approval.
eOrdering
Minimize the purchase order processing time with Synthium Health’s
eOrdering. Our tool enables you to send order requests via spot and catalog
ordering, and receive order and shipment confirmations, all through
automation that facilitates instant order entry. Track the full cycle of orders,
from requests to final payment.
eBartering
Synthium Health enables barter exchanges for goods and services of the
same value, to build your bottom line. Gain benefits of bartering that help
conserve cash flow, convert slow moving inventory into current receivables,
put surplus capacity to use, and increase market share with low-cash
investments.
Take control of
compliant purchasing,
costs and risks
Centralize purchase requisitions with
Synthium Health’s electronic procurement
system, allowing for greater control and
management of spend.
Our solution provides the core
functionalities to keep you on top of
successful digital purchasing, delivering
order workflows, approved catalog
portfolios, status visibility and tracking
information.
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Accounts
payable
$
eInvoice
Optimize your accounts payable operations with a simplified process of
creation, management, monitoring and routing of purchase orders and
invoices. Invoices and receipts are viewable through Synthium Health’s
one-source platform, where AP team members and suppliers can
collaborate to review details, obtain statuses, resolve issues and submit
invoices.
Review, routing & approvals
Reduce the cost per transaction by automating invoice exceptions handling,
aging, escalation and reporting. Invoices can be routed and sorted by
designating workflows based on user roles, authorization rules and
timelines. Problem invoices can be flagged for further action and classified
as blocked, parked or held.
Electronic Data Interchange [EDI] Capture and convert paper invoices through Electronic Data Interchange
(EDI), cutting down on time-consuming paperwork and eliminating risks of
wire transfer fraud found with ACH payments. Using EDI, increase your
operational efficiencies by reducing human errors with paper-based
invoicing, and save time on data-entry through our ePurchase Order-to-
eInvoice Flip.
Achieve cost
efficiencies and gain
competitive advantage
in the value-chain
process
With Synthium Health, easily optimize
invoice capturing and processing through
automated PO matching, approvals and
payment.
Say goodbye to bottlenecked transactions
of inefficient paper processes,
disconnected data and legacy systems
and close the loop on unstructured data.
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Achieve cost
efficiencies and gain
competitive advantage
in the value-chain
process
With Synthium Health, easily optimize
invoice capturing and processing through
automated PO matching, approvals and
payment.
Say goodbye to bottlenecked transactions
of inefficient paper processes,
disconnected data and legacy systems
and close the loop on unstructured data.
15
Optical Character Recognition [OCR]
Save time and costs by extracting data from paper invoices through Optical
Character Recognition (OCR), eliminating human intervention and human
error in data processing, while accelerating ROI. OCR is based on
intelligent recognition of type and position of invoice data, extracting
accurately and efficiently.
Reporting
Generate reports based on location, business unit, exception type, and
liabilities.
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Spend
analytics
Make smarter, data-
driven decisions –
faster
Conduct necessary sourcing spend
analysis that helps drive and measure cost
savings, so you can make the right
decisions with your eProcurement.
With our Spend Analytics, gain business-
changing insight into operational
inefficiencies, by extracting, processing
and analyzing across all spending data
sources.
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Spend data manager
Extract, cleanse and classify your transactions and spend data with
Synthium Health’s data warehousing and management tool. Classifications
are based on product category, locations, business units, A/P, PO’s, top
vendors and top spends.
Spend visibility & analytics
Generate automated, graphical reporting of spend-related data, helping you
pinpoint strategic procurement opportunities for better negotiating power,
discover performing or underperforming contracts, eliminate out-of-control
spending, and deal with the best and most reliable suppliers. Populated
with pre-built standard reports and customizing capabilities, our spend
reporting and analytics tool allows for smart decision making based on real-
time data.
Buy smarter with the right
suppliers, at the right time
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Contact us Call toll free:
1.800.937.4245
Email:
sales: customers @synthiumhealth.com
media: [email protected]
careers: [email protected]
Write:
Johnson Ferry Road 501E, Suite 250
Marietta, GA 30068
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Thank you
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www.synthiumhealth.com