PITTSBURGH – Prodigo Solutions, a unit of UPMC, has launched ProdigoXchange, an e-commerce platform that aims to lower costs and improve efficiency throughout the healthcare supply chain.
Powered by technology licensed from Ontario-based Toreion Corp., the exchange enables providers to electronically connect with vendors, improving contract compliance and replacing more costly alternative exchanges, officials say.
The initial users of ProdigoXchange – Pittsburgh-based UPMC and Evergreen Hospital Medical Center in Kirkland, Wash. – have already seen savings from the platform, with improved efficiency for end users and increased audit compliance.
"We are providing our end users with a product that is easy to use and adaptable to their requirements, and we have increased our audit compliance because of the system’s transparency and detailed reporting capabilities," said Max Rothwell, an analyst at Evergreen.
In addition to ProdigoXChange, Evergreen implemented the full suite of Prodigo Solutions’ managed services, including ProdigoMarketplace, a hosted solution that connects buyers and sellers in a virtual supplier network, and ProdigoBuyer, which automates and streamlines the requisition creation, submission and approval process.
Based on the efficiencies achieved at UPMC by applying Toreion’s technology to supply chain automation, Toreion and Prodigo Solutions have entered into a partnership that seeks to provide similar benefits to other providers.
"This flexible platform that Prodigo Solutions now offers to the broad commercial marketplace makes it easy and cost-effective for suppliers to do business with us electronically, and it allows them to avoid the high costs of using an alternative exchange," said David A. Hargraves, vice president of clinical supply chain at UPMC. "With ProdigoXchange, we are proving that electronic data exchange in healthcare should be viewed and priced as a commodity, as it is in other established industries, so that we can lower the cost of delivering high-quality healthcare."
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