News & Info

Once Doubted, Now Winning with InformIQ: Your Questions Answered

Oct 18, 2024 | The Pharma Flow

Wow, what a week! The response to InformIQ has been nothing short of extraordinary. I’ve had the privilege of speaking with some of the brightest minds – CEOs, CFOs, VPs, executive directors and buyers at hospitals, surgery centers, and LTCs. It’s been truly inspiring to see how quickly they’ve grasped the immense value InformIQ brings to their supply chains.

For those of you who took action and scheduled our meeting – congratulations! You’re already ahead of the curve and we’re excited to deliver your Return on Investment. (Of course, that’s the only way this works – my MBA and finance background certainly colors the lenses in which I see the world.)

I’m never shocked to see why some professionals win – they make a difference, get promoted, build innovative teams. On the other hand, I see those professionals that lose – they sit on their hands, make uninformed decisions and make their teams scramble.

The difference is clear: Action. Winners feel the skepticism, doubt and fear AND move forward to learn and better understand. Doing is knowing. Losers just sit in skepticism, doubt and fear, do nothing and wonder why nothing changes around them.

I digress.

I’m always impressed by how each network is so unique, which is precisely why we created InformIQ – to fit like a glove, regardless of your specific therapeutic specialties or current procurement workflows.

To address some of the excellent questions I’ve received, I’ve compiled the FAQ list below. For you winning leaders, we support your goals and urge you to read on. Don’t take an unnecessary risk. Our hard cap on networks remains in effect.

1. Why has no one ever done this before?

The supply chains have long been plagued by misaligned incentives and limited transparency. We’ve taken a bold step to break this cycle, aligning our success directly with yours. It’s a paradigm shift that required rethinking the entire business model – something most aren’t willing to do. We win when you win.

2. How do you know this works? 

For over 20 years, we have numerous success stories that we’re excited to share with you. We have years worth of data that you can act on. We’ll walk you through detailed case studies and reference points that demonstrate the tangible impact InformIQ has had for our members. From spotting emerging shortages to securing critical supplies at optimal prices, the results speak for themselves.

3. Can we have a sample of the information that you provide?

Sure – Here’s an example of our biweekly market update report. Nothing like it!

4. What about our existing contracts?

Great question! We actually prefer that you buy on your existing contracts. This allows you to get ahead of panic buying and high secondary prices. Our service doesn’t take you out of compliance – it’s designed to be the missing puzzle piece when there’s a gap with your current contracted vendors. We’re here to provide ROI and complement your existing strategy, not replace it.

5. Can you explain the Flexible Inventory Management?

Absolutely! While waiting on an allocation from your contracted vendor, we’re happy to source specific items that you would have first claim to. The best part? If your allocation from a contracted vendor comes through, there’s no obligation to take the product from us. It’s a risk-free way to ensure you always have access to critical supplies. **This is a member favorite, especially during extreme shortages like the current ones we’re facing – at least have the option on product**

6. How does it work again?

In a nutshell, we aggregate data and requests from our vendor network and facilities nationwide. We use this information to provide real-time market intelligence, sourcing from multiple vendors to get you the best prices. You get priority access, transparent pricing without us adding any markups, and a dedicated team working tirelessly to keep you ahead of shortages.

7. Why are you limiting Networks?

Quality over quantity – it’s as simple as that. By limiting the number of networks we serve, we ensure that each member network receives the highest level of service and attention. This exclusivity also maintains the value of our market intelligence. If everyone had access, it would dilute the market advantage we provide to our members.

8. What are the next steps to help my organization move forward?

As a leader who understands the value of staying ahead and flexibility, the next step is clear: set up a call with us. We’ll dive deeper into how InformIQ can be tailored to your specific needs and goals. Don’t let this opportunity to grow and build a winning team slip through your fingers.

Ready to take the next step? Click the link below to access my calendar to schedule your call. Trust me, it’s a decision your future self will thank you for.

Remember, we’re only taking on a limited number of networks. Don’t be the one left behind wondering “what if?”