Expenses
Revenue
Invoice Payment
Receipt
Data Fuels Success from Demand to Outcomes
PO
Patient Bill
Procedure/Use
Preference Card
Data Enrichment
Unified
Data Core
Item Master / ERP / EHR
Requisition
Inventory
Charge Master
Reimbursement
Patient Outcomes
Product Selection
Value Analysis
Contracts
GPOs
Manufacturers
Providers
Regulatory Bodies
Distributors
Unified Data Core
The foundation of your data strategy lies here in supply data that is standardized, normalized and enriched with healthcare and clinical data expertise.
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Most broadly sourced, industry-fueled repository
Consistently updated contract and pricing data
Product catalog information received from thousands of manufacturers and distributors
Healthcare specific data and management
Enrichment is continuous, not periodic
Robust description management
Value Analysis
Comprehensive data and evidence-based research enables your value analysis team to effectively engage physicians for best-in-class product reviews and standardization initiatives.
Item Master / ERP / EHR
A foundation of clean, accurate and current data from the Data Core in the item master, EHR and your ERP sets you up for success in downstream systems.
We’ve seen typically that of a
provider’s item master data is inaccurate. The error rate jumps up to
40%
when factoring in pricing discrepancies.
80%
Align the item master and EHR to feed trusted data to value analysis teams.
Charge master
Enriched data at the point-of-care via your electronic health record (EHR) helps clinicians capture supplies quickly and thoroughly, setting a path to complete billing.
If the charge master and item master are not aligned, you’re at risk for compliance fines from The Centers for Medicare and Medicaid Services (CMS).
Requisition
Requisitioners working from approved, complete and easily searchable data improves accuracy in purchase orders and can accelerate the invoice process with fewer errors that enable on-time or early payment discounts.
lost to incorrect categorization
Reimbursement
A critical contributor to revenue that can only be fully leveraged with complete and accurate data.
Average
in medical claims are denied due to medical coding errors.
$13.1 B
It’s not always obvious how powerful supply chain data can be in driving both financial and clinical goals. When comprehensive, complete and reliable data is available to relevant stakeholders, the impact can be felt throughout your organization.
Based on total med-surg spend of $100M,
at risk:
$200K
$300K
lost to off-contract spending
$300K
lost to inaccurate contract alignment
