Procurement Partners

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.

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

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

• Healthcare procurement software
• Procure-to-pay solutions
• Accounts payable automation
• Inventory management software
• Healthcare supply chain

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core 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

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability8 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered supporting and core.

• Amazon Web Services (AWS)supportingTechnology or Integration · 29 November 2023AWS 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 CloudsupportingTechnology or Integration · 29 November 2023Mission 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.
• HybrentcoreStrategic or Co-development Partner · 21 September 2021Hybrent 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.CarecoreStrategic or Co-development Partner · 8 June 2021On.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 PartnerscoreChannel Partner/ Reseller/ DistributorGroup 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 or IntegrationTechnology 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 DistributorscoreChannel Partner/ Reseller/ DistributorPartnership 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 PartnerssupportingImplementation/ SI/ Consulting PartnerStrategic 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

Broad 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

• LinkedInlinkedin.com/company/procurement-partners-llc
• Xx.com/theprocure2pay

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Procurement Partners