Healthcare

Source supplies, equipment, and services while maintaining strict compliance standards

Lasso procurement software tailored for the healthcare industry addresses the critical needs of sourcing medical supplies, equipment, and services while ensuring compliance, patient safety, and operational efficiency.

Regulatory Compliance:
Embed strict standards (e.g., HIPAA, FDA, Joint Commission) into procurement workflows, ensuring medical supplies, pharmaceuticals, and equipment meet safety and legal requirements. Digital records simplify audits.

Timely Availability of Supplies:
Coordinate procurement of critical items—like PPE, medications, or surgical tools—with patient care schedules, ensuring no shortages disrupt treatments or procedures.

Cost Control:
Monitor spending on high-cost items—like imaging machines, implants, or drugs—against budgets. Analytics identify savings opportunities, such as bulk discounts or generic alternatives, without compromising quality.

Supplier Reliability:
Track vendors for delivery reliability, product quality, and compliance (e.g., sterile goods certification), ensuring a steady supply chain for essential healthcare needs.

Enhanced Traceability:
Maintain detailed records of sourced items—lot numbers, expiration dates, and supplier origins—for rapid recalls or quality assurance, critical for patient safety and regulatory adherence.

Quality Assurance:
Integrate specifications for medical-grade products into orders (e.g., sterilization standards, dosage accuracy), ensuring procured items meet clinical requirements.

Support for Patient Care:
Streamline procurement of specialized items—like prosthetics or diagnostic kits—freeing up healthcare staff to focus on patients rather than administrative delays.

Data Security:
Protect sensitive procurement data—like patient-related purchases or supplier contracts—with robust permissions and encryption, critical in a privacy-focused industry.

Get started with lasso!

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Healthcare

Source supplies, equipment, and services while maintaining strict compliance standards

Lasso procurement software tailored for the healthcare industry addresses the critical needs of sourcing medical supplies, equipment, and services while ensuring compliance, patient safety, and operational efficiency.

Regulatory Compliance:
Embed strict standards (e.g., HIPAA, FDA, Joint Commission) into procurement workflows, ensuring medical supplies, pharmaceuticals, and equipment meet safety and legal requirements. Digital records simplify audits.

Timely Availability of Supplies:
Coordinate procurement of critical items—like PPE, medications, or surgical tools—with patient care schedules, ensuring no shortages disrupt treatments or procedures.

Cost Control:
Monitor spending on high-cost items—like imaging machines, implants, or drugs—against budgets. Analytics identify savings opportunities, such as bulk discounts or generic alternatives, without compromising quality.

Supplier Reliability:
Track vendors for delivery reliability, product quality, and compliance (e.g., sterile goods certification), ensuring a steady supply chain for essential healthcare needs.

Enhanced Traceability:
Maintain detailed records of sourced items—lot numbers, expiration dates, and supplier origins—for rapid recalls or quality assurance, critical for patient safety and regulatory adherence.

Quality Assurance:
Integrate specifications for medical-grade products into orders (e.g., sterilization standards, dosage accuracy), ensuring procured items meet clinical requirements.

Support for Patient Care:
Streamline procurement of specialized items—like prosthetics or diagnostic kits—freeing up healthcare staff to focus on patients rather than administrative delays.

Data Security:
Protect sensitive procurement data—like patient-related purchases or supplier contracts—with robust permissions and encryption, critical in a privacy-focused industry.

Get started with lasso!

Edit Template

5 Signs It’s Time to Upgrade to a Cloud-Based Procurement Solution

In today’s fast-paced business environment, procurement processes can make or break operational efficiency. If your organization is still relying on outdated, manual, or on-premises procurement systems, you may be missing out on the agility and cost savings that cloud-based solutions offer. Here are five clear signs it’s time to upgrade to a cloud-based procurement solution.

1. Your Current System Slows Down Your Team

Manual processes, endless spreadsheets, or clunky legacy software can bog down your procurement team. If your staff spends more time navigating complex workflows, chasing approvals, or fixing errors than focusing on strategic tasks, it’s a red flag. Cloud-based procurement solutions streamline workflows with intuitive interfaces, automated approvals, and real-time updates, freeing your team to focus on value-driven activities like supplier negotiations.

2. Lack of Real-Time Visibility into Spending

Do you struggle to get a clear, up-to-date picture of your organization’s spending? Without real-time data, it’s nearly impossible to make informed decisions or spot cost-saving opportunities. Cloud-based systems provide centralized dashboards and analytics, offering instant insights into budgets, supplier performance, and spending patterns, all accessible from anywhere.

3. Compliance and Security Concerns Are Growing

Regulatory compliance and data security are non-negotiable in procurement. If your current system lacks robust security features or makes it hard to enforce compliance policies, you’re taking unnecessary risks. Cloud-based procurement platforms often come with built-in compliance tools, audit trails, and advanced encryption, ensuring your data is secure and your processes align with industry regulations.

4. Scaling with Your Business Feels Impossible

As your organization grows, your procurement system needs to keep up. On-premises solutions often require costly hardware upgrades or lengthy IT interventions to scale. Cloud-based systems, on the other hand, are designed for flexibility. They allow you to add users, integrate new suppliers, or expand to new regions without the headache of overhauling your infrastructure.

5. Collaboration with Suppliers Is a Hassle

Effective supplier relationships are the backbone of procurement, but outdated systems can make collaboration a nightmare. If your team struggles with inefficient communication, delayed approvals, or manual contract management, it’s time for a change. Cloud-based solutions offer supplier portals, automated contract management, and seamless communication tools, fostering stronger partnerships and smoother operations.

Why Make the Switch Now?

Upgrading to a cloud-based procurement solution isn’t just about keeping up with technology—it’s about staying competitive. These platforms offer cost efficiency, scalability, and the ability to adapt to changing market demands. If any of these signs sound familiar, it’s time to evaluate your options and invest in a solution that empowers your team and drives business success.

Ready to take the next step? Explore cloud-based procurement platforms and see how they can transform your operations.

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Get instant access to our report on the Top Procurement Trends of 2025.