SpendRule Raises $2M to Help Hospitals Track and Control Spending
Frequently asked
questions
Frequently asked
questions
Frequently asked
questions
We already use invoice auditors. Why do we need SpendRule?
Invoice auditors find problems after you've paid—we prevent them from happening before you pay. Auditors charge a percentage of the credits they find, so not only did you overpay an invoice but now you’re paying someone to get your own money back. SpendRule charges a subscription fee based on the volume of contracts actively being monitored. Plus, we're integrated into your invoice workflow, not disruptive like auditors who require manual processes.
Our ERP already does this. Isn’t this redundant?
ERPs are great, but they’re not efficient or effective at extracting all pricing details from contracts. Your ERP matches PO-to-invoice-to-receipt, but it doesn't validate against complex service contract terms, unique pricing models, deliverable schedules, value-adds, and rate escalations. SpendRule adds the 4th way: contract term validation that ERPs aren't designed to handle.
Doesn’t GHX already do this?
GHX primarily focuses on medical products with manufacturing numbers, units of measure, and clear line-item descriptions listed in your item master. Based on the health systems we’ve surveyed and our own customers, GHX manages roughly 50% of the monthly invoices running through a health system. The other half primarily fall under purchased services categories. That’s what SpendRule handles. We are built to manage the other half of your invoices.
Doesn’t our AP Automation Vendor do this?
AP Automation vendors like GHX, Remitra, and OnBase use OCR technology to digitize your invoices and add them to your ERP system. They don’t validate that the invoices match the contracted prices or even if the product or service is covered on the contract.
Our IT team said they don’t have time for new projects right now. Should we wait?
First, IT will never say they have time. 😊 Second, the IT impact is “crazy low” (customer quote). Third, we designed SpendRule to meet you where you are based on the technology your org uses and the level of integration you’d like to undertake. We can be 100% not integrated, or we can be 100% integrated with your ERP, AP System, and CLM. We connect via standard APIs or SFTP, and our no-development approach means we configure to your workflow. Most health systems are up and running within 2-4 weeks, with minimal IT lift required.
Service contracts are too complex to automate. How do you handle that?
That's exactly why health systems are losing ~$32B a year in service spend. SpendRule turns contracts into code—capturing tiered rates, deliverable schedules, value-adds, and escalation terms in structured validation rules. Our development partners include some of the most complex health systems in the country, and complexity is our specialty. We can turn a 300-page contract covering 6 outsourced services signed 10 years ago with hand-written notes scanned in as an image looking like a pdf, and we will be able to read it, parse it, and actively monitor invoices for accuracy.
CO-DEVELOPED WITH LEADING
HEALTH SYSTEMS
CO-DEVELOPED WITH LEADING
HEALTH SYSTEMS



