Procurement Partners
Procurement Partners is a healthcare-focused procure-to-pay SaaS provider serving 1,000+ customers across 12,000+ locations with e-procurement, inventory management, and AP automation, channeling $3.8B in annual spend through 9,000+ supplier connections.
- Company typePrivate
- Founded2010
- HeadquartersChampaign, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Procurement Partners does
Procurement Partners is a healthcare-focused procure-to-pay (P2P) SaaS provider that delivers an all-in-one platform for purchasing, inventory management, and accounts payable automation across post-acute, non-acute, and continuum-of-care healthcare providers. The platform connects 1,000+ healthcare customers operating 12,000+ locations to 9,000+ suppliers, processing 3.6 million invoices annually and channeling $3.8B in annual spend. Core technology includes cloud-based SaaS architecture with OCR-based invoice processing, punchout/hosted catalog integration, GL coding automation, real-time budget tracking, mobile applications (iOS, Android, Zebra TC devices) with barcode scanning for lot, serial, and expiration tracking, and integrations with EMR/EHR systems, accounting platforms, EDI/cXML, and BI tools. The product portfolio is delivered through two primary platforms: OnCare (acquired June 2021, oriented to post-acute care) and Hybrent (acquired September 2021, oriented to acute/non-acute care), along with SimpleAP for AP automation.
The company operates a subscription-based revenue model with annual billing, complemented by professional services revenue from implementation, training, and customer success. Pricing is custom and quote-based, determined through personalized demo and consultation. Go-to-market combines enterprise field sales targeting healthcare organizations, inside sales for mid-market accounts, GPO partnership channels, and event-driven demand generation across healthcare industry conferences. The company is private, backed by Serent Capital, and headquartered as a Georgia LLC with operational presence in the US and India. Customers report quantifiable outcomes including up to 40% time savings, 95% supplier contract compliance, and over 10% annual spend reduction, with named enterprise customers spanning skilled nursing, assisted living, surgical centers, hospitals, fertility clinics, and psychiatric facilities. The company holds HIPAA, HITRUST CSF, and SOC 2 Type II certifications, reinforcing its healthcare-specific compliance posture.
Procurement Partners firmographics
Firmographics- Name
- Procurement Partners
- Legal name
- Procurement Partners, LLC
- Website
- https://procurementpartners.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Procurement Partners is a healthcare-focused procure-to-pay SaaS provider serving 1,000+ customers across 12,000+ locations with e-procurement, inventory management, and AP automation, channeling $3.8B in annual spend through 9,000+ supplier connections.
- Ownership category
- akta.pro rank
Procurement Partners industry classification
Industry- Product category
- Healthcare Procurement Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Procurement Systems Administration (ERP/P2P Tools Support) (BPAAAJAO)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Vendor & Contract Management (Software/Cloud) (BPAEAOAD), Public Health Contracts, Procurement & Vendor Management (HLAJALAE)
Keywords
Where Procurement Partners is headquartered
LocationHeadquarters
- HQ city
- Champaign
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Procurement Partners business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription: Subscription-based pricing model for the procure-to-pay software platform. Organizations pay for access to e-procurement, materials management, and AP automation solutions. No additional fees for equipment or standard support beyond subscription costs.
- Professional Services: Implementation, training, and customer success services included as value-added services. Dedicated implementation specialists and customer success managers guide customers through the journey.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on organizational needs |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Procurement Partners product offering
Product offeringCore offering
Procurement Partners sells an all-in-one, cloud-based procure-to-pay SaaS platform purpose-built exclusively for healthcare organizations, delivered through the OnCare (post-acute) and Hybrent (acute/non-acute) brands. The platform unifies e-procurement, real-time inventory/materials management, accounts payable automation, supplier integrations, and spend analytics so providers can centralize purchasing, automate invoice processing, and maintain GPO contract compliance across the care continuum.
Product overview
Procurement Partners offers an all-in-one procure-to-pay SaaS solution purpose-built exclusively for healthcare organizations. The portfolio consists of three integrated solution areas: E-Procurement (centralized purchasing platform with supplier access), Materials Management (real-time inventory tracking), and AP Automation via SimpleAP (invoice processing and GL coding). These are delivered through two main product platforms—OnCare (acquired June 2021, designed for post-acute care) and Hybrent (acquired September 2021, designed for acute/non-acute care)—which work together to streamline ordering, inventory, invoicing, and payment across the healthcare continuum.
Differentiator
Problem solved
Functional benefit
Brands
- OnCare: Procurement and budget management software designed for post-acute healthcare to control spend, centralize purchasing across locations, automate order and invoice approvals, and streamline payments with full visibility into facility budgets
- Hybrent
Products and services
- E-Procurement The core all-in-one eProcurement platform designed solely for healthcare providers, offering access to 9,000+ suppliers and vendors with Punchout ordering, real-time pricing, and GPO contract compliance.
- Hybrent Inventory management, procurement, and reporting software built for healthcare to centralize purchasing, optimize supply tracking with mobile barcode scanning, and streamline invoice reconciliation across facilities.
- OnCare Procurement and budget management software designed for post-acute healthcare to control spend, centralize purchasing across locations, automate order and invoice approvals, and streamline payments with full visibility into facility budgets.
- Materials Management Inventory tracking and management solution with real-time approvals, automatic replenishment, precise real-time inventory tracking, and flexible material buying to create a compliant resource management system.
- SimpleAP (AP Automation) Accounts payable automation solution that digitizes, codes, routes for approval, and schedules payment of invoices for all vendors, featuring two-way or three-way match analysis and automated GL coding.
Quantifiable outcome
- Organizations report up to 40% time savings through automated procurement workflows
- +7 more outcomes
Companies that use Procurement Partners
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Procurement Partners technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability8 records
Feature6 records
Procurement Partners partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered supporting and core.
- Amazon Web Services (AWS)supportingAWS served as a sponsor for Procurement Partners' 2023 Hack-A-Thon innovation event. Due to AWS support, Procurement Partners developed six new AI/ML offerings including demand prediction, churn prediction, inventory forecasting, and shipping timeline predictions using AWS services.
- Mission CloudsupportingMission Cloud served as a sponsor for Procurement Partners' 2023 Hack-A-Thon, contributing funds and professional advice to teams working on AI/ML innovations for the healthcare commerce platform.
- HybrentcoreHybrent is an e-procurement software provider for healthcare acquired by Procurement Partners in September 2021. Provides inventory management, procurement, and reporting software built for healthcare with barcode scanning and mobile app capabilities.
- On.CarecoreOn.Care was acquired by Procurement Partners in June 2021. It provides e-procurement solutions for skilled nursing and assisted living facilities. The acquisition expanded the combined entity's vendor base and technological expertise in post-acute healthcare procurement.
- GPO PartnerscoreGroup Purchasing Organization partners extend innovative digital solutions to help negotiate volume discounts on goods and services for healthcare customers, increase bargaining power, and maintain quality controls and contract compliance. Dozens of GPOs represented in Procurement Partners systems.
- Technology PartnerscoreTechnology partners assist with platform implementation and training, develop integrations and customizations, and maximize high-value features for customers. Integrations include EMRs, EHRs, patient and resident management systems, and accounting systems.
- Suppliers and DistributorscorePartnership with trusted suppliers to streamline the buying process with valuable insights and access to high-quality materials at competitive prices. Includes Med-Surg, MRO, Healthcare Specialty, Dietary, and other supplier categories.
- Consulting PartnerssupportingStrategic problem-solvers who help healthcare organizations and individual departments make business decisions that maximize ROI from procurement automation investments.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Procurement Partners competitors and assessment
Company assessmentBroad incumbents
- Coupa Software: Coupa is a broad spend management / P2P platform with healthcare-relevant capabilities; while horizontal, it competes for the same mid-market and enterprise healthcare procurement RFPs.
- Vizient: Vizient is a major healthcare performance and GPO company offering procurement, sourcing, and supply chain analytics — a broad incumbent with overlap in hospital and non-acute procurement workflows.
- McKesson: McKesson is a major healthcare distributor with adjacent procurement technology and supply chain tools, often a counterparty (supplier) on the Procurement Partners platform but also a competitor for integrated supply chain solutions.
- Premier Inc. Premier is a large healthcare GPO and performance improvement company that includes procurement technology and supply chain services — a broader incumbent with overlapping P2P capabilities and deep GPO economics.
Others
- Stratasan: Stratasan is a healthcare data and analytics provider adjacent to healthcare procurement analytics; not a direct competitor but ecosystem-relevant for procurement decision-support use cases.
- Bonafide Health: Bonafide Health provides healthcare supply chain solutions for non-acute providers; thematically related and adjacent to Procurement Partners' target segment rather than a direct competitor.
Emerging players
- Curvo Labs: Curvo Labs offers a healthcare-focused sourcing and procurement platform for hospitals and IDNs — an emerging vertical player with partial overlap in healthcare procurement automation.
Direct peers
- Symplr (TractManager): Symplr offers healthcare contract lifecycle management and spend management solutions via the TractManager acquisition — directly comparable vertical SaaS play targeting healthcare procurement and vendor management workflows.
- Syft (a Symplr company): Syft provides healthcare supply chain management software including procurement, inventory, and analytics — directly comparable to Procurement Partners' Hybrent product for acute and non-acute healthcare providers.
- Global Healthcare Exchange (GHX): GHX is a healthcare-focused supply chain and procurement platform connecting providers and suppliers — directly comparable to Procurement Partners in serving the same healthcare continuum with e-procurement, contract management, and invoice automation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Procurement Partners social profiles
Digital presenceProcurement Partners compliance and trust
Trust signalCompliance3 records
Procurement Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Procurement Partners leadership team
Management profileNumber of profiles
Profiles9 records
Procurement Partners subsidiaries and ownership
Company hierarchySubsidiaries2 records
Procurement Partners funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Procurement Partners M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Procurement Partners
What does Procurement Partners do?
Procurement Partners sells an all-in-one, cloud-based procure-to-pay SaaS platform purpose-built exclusively for healthcare organizations, delivered through the OnCare (post-acute) and Hybrent (acute/non-acute) brands. The platform unifies e-procurement, real-time inventory/materials management, accounts payable automation, supplier integrations, and spend analytics so providers can centralize purchasing, automate invoice processing, and maintain GPO contract compliance across the care continuum.
Is Procurement Partners a public or private company?
Procurement Partners is a private company. It is classified as private equity controlled and is currently operating.
When was Procurement Partners founded?
Procurement Partners was founded in 2010. It employs 51 to 100 people.
Where is Procurement Partners based?
Procurement Partners is headquartered in Champaign, United States, in the North America region.
How does Procurement Partners make money?
Two revenue lines are on record. SaaS Subscription is the primary driver. The others are professional Services.
Who are Procurement Partners's main competitors?
Broad incumbents on record are Coupa Software, Vizient, McKesson and Premier Inc.. Others are Stratasan and Bonafide Health. Curvo Labs is listed as an emerging player. Direct peers are Symplr (TractManager), Syft (a Symplr company) and Global Healthcare Exchange (GHX).
Does Procurement Partners have an API?
No public API is recorded for Procurement Partners.
What industry is Procurement Partners in?
Procurement Partners's product category is Healthcare Procurement Software. Its primary akta.pro industry code is BPAAAJAO, Procurement Systems Administration (ERP/P2P Tools Support), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 513210 and its SIC code is 7372.