Provider Performance Analysis
The healthcare institutes such as hospitals deal with various suppliers (medicines, equipment, etc.) supplying varied types of supplies in huge volume. It is essential to analyze the performance and quality of these suppliers on a real-time basis. Big data analytics helps healthcare providers in optimizing their cost baseline, in particular through procurement, supply chain, and vendor management levers.
The data coming from the Vendor Management System, ERP Data, Internal Financial Data (ERP), Payments system, etc. can be analyzed for effective vendor management (e.g. to track and monitor the performance of providers, to categorize of providers, to take proactive decisions, etc.)