What is spend analysis? - Definition from WhatIs.com
Part of the Healthcare IT glossary:

Spend analysis is the process of collecting, categorizing and evaluating expenditure data, either by human hand or through software.

Spend analysis is performed by companies to increase profitability through identifying wasteful spending and flagging contracts that can be renegotiated. CPIOs and CFOs use spend analysis to help the global companies, hospitals and small businesses with whom they work. 

Read more:

Spend analysis is an important tool in healthcare

This was last updated in March 2011
Posted by: Margaret Rouse

Related Terms

Definitions

  • Health IT (health information technology)

    - Health IT involves the use of electronic health records systems to improve medical care, coordination and research, patient engagement and safety, and provider reimbursement. (SearchHealthIT.com)

  • IBM Watson supercomputer

    - Watson is an IBM supercomputer that combines artificial intelligence (AI) and sophisticated analytical software for optimal performance as a question answering machine. Watson's AI platform is bein... (WhatIs.com)

  • expert system

    - An expert system is a program that uses artificial intelligence (AI) technologies to simulate the knowledge and judgment of humans. Expert systems usually include a subject-specific knowledge base ... (SearchHealthIT.com)

Glossaries

  • Healthcare IT

    - Terms related to healthcare IT, including definitions about healthcare information and management systems and words and phrases about electronic health records, meaningful use, government regulatio...

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Ask a Question About spend analysisPowered by ITKnowledgeExchange.com

Get answers from your peers on your most technical challenges

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.