LOGIC Source from HIMSS Analytics provides health IT contract intelligence

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LOGIC Source from HIMSS Analytics provides health IT contract intelligence

Tue, 10/03/2017 - 3:22am -- tim

Vermont Business Magazine Burlington-based HIMSS Analytics has announced the addition of its CapSite tool to the company's larger health IT market intelligence platform, LOGIC. Now known as LOGIC Source, the tool offers over a decade's worth of data supplying competitive contract intelligence to help inform and guide strategy for health IT solutions professionals and healthcare providers. Source offers valuable transparency into health IT contracts and the added insights needed to make an impact when pursuing these contracts. 

With nearly 8,000 proposals and executed contracts, Source provides solutions professionals with all the information needed to understand past purchasing and procurement decisions; including everything from Certificates of Need (CON) and Requests for Information (RFI), to Request for Proposal (RFP) responses and, perhaps most impactful, real executed contracts between vendors and providers. Building upon the robust contract intelligence tool that was CapSite, Source also adds a continuously updated feed of active RFPs, to help alert health IT sales and marketing teams to real-time business opportunities. Past RFPs are kept within Source to provide greater historical perspective as solutions providers research past contracts.

Health IT professionals in both the vendor and provider spaces use LOGIC Source contract intelligence to:

  • Gain competitive intelligence and historical insight
  • Identify how the industry is handling and executing agreements
  • Shed light on pricing structures of different vendors and approaches by providers
  • See timely information as RFPs, RFIs and CONs are hitting the market for various segments, technologies and services

"CapSite has always been an important part of our toolset, and with this announcement it officially joins the LOGIC family as Source, building an even more robust market intelligence platform," said Blain Newton, executive vice president, HIMSS Analytics. "Source uncovers specific details that help in contract negotiations, and arms solutions professionals and healthcare providers with the competitive intelligence needed to successfully build better deals that benefit both sides. This tool can even be used to get broader perspective and ensure solution professionals price their technology appropriately for what is currently in the market, while giving transparency to providers as to what the market is dictating in their procurements."

LOGIC Source is now available. More information can be found on the HIMSS Analytics website.

About HIMSS Analytics

HIMSS Analytics is a global healthcare IT market intelligence, research and standards organization assisting clientele in both healthcare delivery and healthcare technology solutions business development to make lasting improvements in efficiency and performance.

SOURCE: BURLINGTON, Vt., Oct. 2, 2017 /PRNewswire/ -- HIMSS Analytics