Improving Pricing Accuracy: Contract Communications Standards For The Healthcare Supply Chain
Every day, pricing discrepancies increase operating costs for providers, group purchasing organizations (GPOs), manufacturers, and distributors. HIDA’s Improving Pricing Accuracy white paper reflects the industry-wide effort to identify and communicate contract management standards based on three guiding principles: automation, standards, and timeliness. The process is continuous, resulting from ongoing work to support progress as it is made.
Solving pricing alignment issues is extremely challenging. Thousands of non-standard business processes, definitions, and data formats exist. In today’s healthcare environment, wasteful costs can no longer be tolerated.
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Supplement: Recommended Solutions For Common Contracts And Chargebacks Scenarios
This resource identifies common stakeholder pain points when striving for pricing accuracy, as well as voluntary actions companies may pursue to benefit trading partner communications.
HIDA’s Contract Administration Workgroup has developed industry standards to reduce pricing exceptions between trading partners.
Find out more about HIDA's Pricing Accuracy Initiative►
Infographic: The Current Contract Administration Process (from the white paper, page 26)