SpendRule Raises $2M to Help Hospitals Track and Control Spending

PRODUCT

The contract intelligence platform for automating and enforcing services spend.

Purchased services represent one of the largest categories of non-labor spend in healthcare.

Contracts are complex, validation is manual, and most invoices are approved without true line-level enforcement. The result is overpayments, limited visibility, and reactive cost management. Annually, an estimated $32B is lost on healthcare purchased services overpayments.

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CO-DEVELOPED WITH LEADING

HEALTH SYSTEMS

CO-DEVELOPED WITH LEADING

HEALTH SYSTEMS

SpendRule stops the $32B leakage in healthcare purchased services.

SpendRule turns purchased services contracts into enforceable logic, validates invoices line-by-line before payment approval, surfaces savings or discount opportunities, and creates a reliable system of record for all monitored spend.

We manage thousands of purchased services contracts, and many of them are hundreds of pages long. Before SpendRule, there was no realistic way to ensure every invoice line matched the contract before payment. Now, that validation happens automatically, giving us confidence in invoice accuracy, stopping the leakage, and freeing our teams from thousands of hours of manual approvals each year.

Dave Fergus

Chief Supply Chain Officer, OSF HealthCare

How SpendRule works

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Ingests contracts

SpendRule works with all purchased services contracts, including master agreements, exhibits, amendments, spreadsheets, emails, rate cards, and even old scanned-in documents.

Ingests contracts

SpendRule works with all purchased services contracts, including master agreements, exhibits, amendments, spreadsheets, emails, rate cards, and even old scanned-in documents.

Translates contracts into enforceable rules

Contract terms, including pricing models, escalators, caps, minimums, pass-throughs, and value-adds are converted into structured, executable validation rules.

Translates contracts into enforceable rules

Contract terms, including pricing models, escalators, caps, minimums, pass-throughs, and value-adds are converted into structured, executable validation rules.

Sits on top of ERP & AP workflows

Invoices flow through existing ERP and AP systems, without adding additional steps in the approval process.

Sits on top of ERP & AP workflows

Invoices flow through existing ERP and AP systems, without adding additional steps in the approval process.

Validates every invoice line before payment

Using your contracts as the source of truth, SpendRule automatically highlights any discrepancies in real-time.

Validates every invoice line before payment

Using your contracts as the source of truth, SpendRule automatically highlights any discrepancies in real-time.

Surfaces exceptions with evidence

Only true mismatches are flagged, with clear context showing the invoice line, the applicable contract term, and the calculated variance.

Surfaces exceptions with evidence

Only true mismatches are flagged, with clear context showing the invoice line, the applicable contract term, and the calculated variance.

Routes issues fast

SpendRule automates routing of issues to AP, supply chain, department leaders, or even the vendor if needed for timely review.

Routes issues fast

SpendRule automates routing of issues to AP, supply chain, department leaders, or even the vendor if needed for timely review.

Captures savings and discounts

Upfront validation allows clean invoices to move faster, supporting prompt pay discounts and more efficient payment cycles.

Captures savings and discounts

Upfront validation allows clean invoices to move faster, supporting prompt pay discounts and more efficient payment cycles.

Enables transparency and accountability with analytics

Track recoveries, leakage trends, and root causes by vendor or category, enabling benchmarking and a system of record for purchased services.

Enables transparency and accountability with analytics

Track recoveries, leakage trends, and root causes by vendor or category, enabling benchmarking and a system of record for purchased services.

The contract intelligence platform for automating and enforcing services spend.

SpendRule stops the $32B leakage in healthcare purchased services.

How SpendRule works

Ingests contracts

Ingests contracts

Translates contracts into enforceable rules

Translates contracts into enforceable rules

Sits on top of ERP & AP workflows

Sits on top of ERP & AP workflows

Validates every invoice line before payment

Validates every invoice line before payment

Surfaces exceptions with evidence

Surfaces exceptions with evidence

Routes issues fast

Routes issues fast

Captures savings and discounts

Captures savings and discounts

Enables transparency and accountability with analytics

Enables transparency and accountability with analytics

How Spendrule works

How Spendrule works