Hybrent

Hybrent is a cloud-based software platform designed to streamline supply chain management processes for healthcare organizations. It offers an all-in-one solution for purchasing, inventory management, and invoicing, seamlessly integrating with various accounting and clinical applications. Hybrent's software enables healthcare providers to automate their procurement workflows, efficiently manage inventory levels, and streamline invoicing processes.

The platform features a user-friendly interface that allows customers to shop from multiple vendors, compare prices, set up templates and formularies, automate ordering based on min/max/par levels, and establish approval workflows. Hybrent's inventory management capabilities provide real-time visibility into stock levels, enabling cycle counts, serial/lot number tracking, and expiration date monitoring.

Hybrent's invoicing module eliminates the need for manual data entry by offering automated invoice collection, auditing, and entry. It supports a paperless reconciliation process with features like charge capture, contract management, and discrepancy tracking. The software also integrates with accounting systems, facilitating a seamless three-way match and GL coding processes.

Furthermore, Hybrent provides actionable reports and analytics to help customers optimize their supply chain processes and drive cost savings. These real-time reports offer insights into spending metrics, empowering organizations to make data-driven decisions.

In September 2021, Hybrent combined with Procurement Partners, a provider of procure-to-pay solutions for post-acute care and senior living communities. This strategic move positioned the combined entity as one of the largest procure-to-pay organizations in the healthcare industry, unlocking additional cross-selling opportunities and expanding their vendor base and technological expertise.