Healthcare Manufacturers, Distributors and Providers are constantly seeking ways to optimize their supply chain. On one hand, Healthcare Suppliers are constantly exploring ways to tap the potential of Internet and e-commerce to increase sales, reach a larger volume of buyers, process accurate orders and reduce Days Sales Outstanding (DSOs). On the other hand, Providers and Group Purchasing Organizations are seeking ways to reduce equipment and supply costs by streamlining their eProcurement efforts.

An average of 30% of product information within provider's internal databases is incorrect. Inaccurate product information results in order errors, wrong products being shipped, and invoice discrepancies resulting in manual efforts, delayed payments and in some cases severely impacting the operations because the right product is not available at the right place at the right time.

The Riversand PIM Solution enables Healthcare Suppliers and Providers create and exchange accurate product and pricing information that will serve as a solid foundation for transaction e-commerce needs.

On the Sell-Side, the solution enables Healthcare Suppliers internally synchronize product information across the enterprise and externally synchronize product information with providers directly or through marketplaces or exchanges such as GHX and Neoforma.

On the Buy-Side, the solution enables hospitals to first synchronize product information from their suppliers or distributors and then internally synchronize with their materials management systems