About

Mondopoint is a Chicago-based health tech company focused on developing innovative solutions that strategically enable healthcare supply chain professionals. Mondopoint’s service-oriented platform puts healthcare providers in the driver’s seat with tools that facilitate the negotiation, monitoring, and enforcement of outcomes-based contracts made with suppliers.

Medical technology companies continue to innovate on new products that support providers in their mission to improve patient outcomes and quality of care. These innovations and the advances they bring to patient care represent a tremendous opportunity for physicians to practice ever more effective medicine.

These new product innovations are not without their challenges, however. New medical products typically come with competing claims as to which are the most effective, with manufacturers often disseminating studies that present their own products as the leader in a given category. Furthermore, manufacturers will cite these same studies to justify ever-increasing price premiums for new items brought to market to replace the existing product lines currently in use.

With the Affordable Care Act precipitating a transition from fee-for-service to value-based reimbursement models, providers are on the hook to deliver higher quality care with greater cost-efficiency. This pressure to deliver on costs, quality, and outcomes is prompting providers to start asking manufacturers to put their money where their mouth is – in the form of outcomes-based agreements (a.k.a. value-based or risk-sharing agreements) that make manufacturers financially accountable for product performance guarantees.

This outcomes-based approach is the new frontier in contract development between providers and manufacturers. Mondopoint offers a scalable technology-enabled service that helps forward-thinking supply chain professionals gather the data needed to support their negotiation efforts and administer negotiated contracts through the full duration of their terms.

Visit www.mondopoint.com for more information.