Healthlogistics, which provides e-procurement solutions to UK’s NHS, has acquired hTrak, Australia’s leading supplier of procedure costing and billing solutions.

The companies’ combined offering will provide NHS Trusts with an end-to-end solution for their e-procurement requirements, resulting in significant efficiency savings. Additionally, Healthlogistics will be able to provide NHS Trusts with accurate procedure costing information for each patient, supported by barcode scanning, contract pricing of consumables, auto-replenishment of stock and full track-and-trace, all via the web.

Healthlogistics’ and hTrak’s combined solution has already been in use at Derby Teaching Hospitals NHS Foundation Trust since April 2014. This combo allowed healthcare professionals to capture information with a handheld scanner at the point of use, record members of staff present and link the information to a specific patient. Providers in turn were able to access live, accurate information about the cost of each procedure, while eliminating the need for manual paperwork and costing of each item after the event.

“We believe that our combined expertise will have a transformational impact, as it will enable NHS Trusts to control their procurement spend more effectively and reduce both paperwork and inventory whilst improving patient safety,” said Peter Elwin, Joint Managing Director of Healthlogistics.

hTrak’s customers report reductions of around 70-80% in the time taken to process replenishment requisitions, whilst automating reordering functions can save 80% on administration costs, reduce spend by 7% and inventory by 25-50%.

The acquisition, which took place on April 17th, means that customers in both Australia and UK will now deal with one organization for all of Healthlogistics’ and hTrak’s services.