SpendMend

Overview

SpendMend is a software company based in the United States, specializing in solutions for financial services within the healthcare sector. Founded in 1993, the company has grown to employ between 201 and 500 individuals and generates significant revenue. SpendMend's expertise is reflected in its development of the Trulla Pharmacy Procurement Software, which is designed to enhance pharmacy purchasing decisions and streamline procurement processes for healthcare organizations. A case study involving Yale New Haven Health (YNHHS) highlights the software's capabilities, including its reporting features that assist in compliance and cost-effective product utilization. YNHHS faced challenges related to contract management and the need for efficient price reviews, which were addressed through the implementation of SpendMend's solutions. The Trulla software has reportedly enabled YNHHS to identify savings opportunities and improve inventory management, particularly in the context of drug shortages and biosimilars. Overall, SpendMend focuses on delivering software solutions that support healthcare systems in optimizing procurement and financial operations.

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