What Medpricer does

MedPricer is a private, for-profit healthcare technology and services company founded in 2006 and headquartered in Guilford, United States. It describes itself as the only complete cost management solution for healthcare organizations that integrates software and services for purchased services, targeting hospitals, health systems, and other provider organizations seeking to reduce non-direct labor expenses such as facility management, IT services, marketing, and consulting.

Its offering combines a technology platform with expert sourcing services across the third-party procurement lifecycle, prioritizing contract-level visibility, contract consolidation, and on-contract compliance. The firm operates with a small team of 11-50 employees and pursues a sales-led go-to-market motion aimed at provider organizations needing additional sourcing capacity for complex purchased-services initiatives.

MedPricer has historically operated as a privately held, bootstrapped-plus-funded business, disclosing approximately $5.2 million in earlier rounds (2010) and a 2017 round led by Telegraph Hill Partners. Senior operating leadership includes Les Grant as Chief Executive Officer and Rachael Rollins as Vice President of Finance. The business model is implicitly SaaS-plus-services, with revenue tied to ongoing platform and engagement contracts with healthcare provider organizations rather than transaction-based GPO purchasing volume.

Name

Medpricer

Website

https://medpricer.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

MedPricer is a private healthcare cost-management firm, founded in 2006 and based in Guilford, United States, that provides integrated software and services for purchased-services spend optimization to hospitals and health systems.

Ownership category

akta.pro rank

Headquarters

HQ city

Guilford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. GPO Membership and Contract Services: Premier operates as a Group Purchasing Organization generating revenue through membership fees and negotiated contract services. The company facilitates over $12 billion in member purchasing volume through its contracted portfolio of third-party products and services. Revenue is derived from healthcare provider organizations accessing Premier's contracted suppliers and sourcing expertise.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Medpricer provides an integrated cost management solution for healthcare organizations that combines software and services to optimize purchased services (non-direct labor) spend. The platform delivers visibility into third-party service contracts, supports sourcing and RFPs, manages the procurement lifecycle, and pairs technology with expert advisory support to help hospitals and health systems reduce costs and improve vendor performance.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchased Services Cost Management Platform Integrated software and services platform that delivers visibility into healthcare purchased services spend, predictive analytics on contracts, automated sourcing roadmap technology, and procurement lifecycle management for hospitals, health systems, and other healthcare provider organizations.
• Full-Service Sourcing

Quantifiable outcome

• 10 to 32 percent category savings on purchased services achieved by Premier's purchased services members and customers since 2004
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• National Service ProviderscoreOthersPremier partners with national service providers through its Express Contracting program. These partnerships involve committee-vetted and approved service agreements covering a wide range of purchased services categories including facility management, IT services, marketing, consulting and more. The partnerships enable Premier to offer its members access to pre-negotiated contracts with competitive rates.

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Procured Health: Vendor management and clinical purchased-services technology company serving hospitals and health systems. Direct competitor to Medpricer in enabling providers to evaluate and rationalize purchased-services spend.
• Curvo Labs: Healthcare purchased-services sourcing platform serving hospitals and health systems. A close direct peer to Medpricer, operating in the same purchased-services software-and-services niche with comparable target buyers and value proposition.

Broad incumbents

• Premier Inc. Public healthcare improvement company and large GPO whose purchased-services portfolio is explicitly described in the source data (over $12B in facilitated purchasing volume). Premier is the dominant incumbent in Medpricer's category and sets the contract-breadth and supplier-leverage benchmark Medpricer must compete against.
• Vizient: Large healthcare performance and GPO company serving hospitals and health systems with contracted services and analytics offerings. Comparable to Medpricer as a broad-line competitor with deeper scale and a longer established supplier contract portfolio.
• HealthTrust: Healthcare GPO and total spend management company providing contracted services and supply chain support to hospitals and health systems. Directly comparable to Medpricer as an incumbent in purchased-services contracting and category management.
• Global Healthcare Exchange (GHX): Healthcare supply chain and contract-enabled network providing procurement automation and data services to providers and suppliers. Comparable as a healthcare procurement software and services incumbent with deeper scale than Medpricer.
• McKesson: Large healthcare distribution and services company with significant provider procurement and contracting operations. Comparable as a broad incumbent in healthcare provider spend management where Medpricer competes for category share.

Emerging players

• Symplr: Healthcare operations software platform covering provider data, workforce, and supply-chain workflows. Comparable to Medpricer as a software-led platform pursuing adjacent categories of healthcare operational spend, often via roll-up of niche point solutions.
• TractManager (now Symplr): Healthcare contract lifecycle management and vendor management platform historically focused on hospital purchased services and contract analytics. Closest direct software peer to Medpricer in terms of category and buyer (hospital procurement), now folded into Symplr.
• Iodine Software: Healthcare-focused AI/analytics company serving provider organizations, including in clinical and operational decisioning. Comparable as a software-led healthcare analytics platform selling into similar provider buyers, though more clinical-revenue focused than Medpricer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/medpricer
• LinkedInlinkedin.com/company/medpricer-com

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Medpricer