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You are here: Financial Health e-procurement company secures funding

Health e-procurement company secures funding

background left to right - Mike Beckley (Healthlogistics), Ian McCormick (NatWest), Peter Elwin (Healthlogistics), - foreground - Pippa Sammes (Healthlogistics)

Hertfordshire-based has secured fresh funding from NatWest enabling it to continue to enhance its e-procurement system HL-hybris.

The ground-breaking system and its data significantly improves the efficiency of healthcare procurement, saving the NHS millions of pounds per year.

NatWest has provided the funding through the Government's enterprise finance guarantee scheme and it will be used to build new functionality into the HL-hybris solution.

David Lawson, director of procurement at Guy’s and St Thomas’ and King’s College Hospital NHS Foundation Trusts said: “HL-hybris already has outstanding functionality and data quality and I am delighted to see that with NatWest’s support, Healthlogistics will be enhancing the system still further to help us continue to drive down costs and produce real cash-releasing savings.”

As more demands are placed on NHS budgets, Trusts are increasingly seeking cost savings that do not impact front line delivery.

HL-hybris provides them with high quality product and contract price data that can be brought directly into their core systems, eliminating the need for data maintenance and reformatting. Healthlogistics has so far built a master dataset of 1.4 million items from 700 leading NHS suppliers.

Mike Beckley, director of Healthlogistics said: “We are providing a solution to the complex data and process challenges faced by healthcare managers.

“We are entirely customer-focused and have sought this funding to build the new functionality that we shall need in 2011 to meet their requirements. We found the efg easy to apply for in 2008 so it made sense to use this method again.”

• PHOTOGRAPH SHOWS: background left to right - Mike Beckley (Healthlogistics), Ian McCormick (NatWest), Peter Elwin (Healthlogistics), - foreground - Pippa Sammes (Healthlogistics)