ADVANCED INTEGRATED PURCHASING SYSTEM

computer software application that is used to transform a hospital's purchases of individual medical components into a procedural purchasing process (i.e. purchasing together, all components needed for a medical procedure rather than purchasing them individually); the software package uses six major computer software programs for building and maintaining procedure packs and instrument trays, managing hospital contracts, calculating total costs of packs and trays and reporting to create a total cost of delivering health care by procedure