Senior living operators are revolutionizing their pricing and purchasing strategies by taking inspiration from casinos. Just like casinos, they source purchases from various suppliers, requiring a system to track pricing, audit deals, and ensure correct execution. To tackle this challenge, casinos are using InsideTrack, a leading data and spend management company. This technology is now making its way to the senior living industry, offering organization, transparency, and actionable insights for operators. By leveraging InsideTrack technology through PRIME Services, operators can optimize their purchasing process, leading to enhanced efficiency and visibility.
InsideTrack utilizes data-driven solutions to help senior living operators streamline their procurement processes and achieve cost savings. With nine key services including price auditing, RFP management, and real-time analytics, operators can make informed decisions to reduce costs and enhance resident satisfaction. By aligning spend management tools with GPO offerings, operators gain unprecedented transparency and cost savings in an industry where this level of insight is uncommon.
John Miko, Vice President of Sales, emphasizes the value of this technology in senior living, likening it to the “Waze of purchasing.” The platform captures invoice data from multiple distributors, normalizes it, and maximizes contract compliance and rebates. This innovative approach is set to revolutionize the senior living industry, offering operators a game-changing tool for optimizing their procurement processes.
Experience the next big thing in senior living with InsideTrack and PRIME Services to unlock savings and enhance operational efficiency. Visit primeservicesinc.com to learn more about this groundbreaking technology.
