White Paper | Improving Pricing Accuracy
Contract Communications Standards for the Healthcare Supply Chain
HIDA’s Improving Pricing Accuracy: Contract Communications Standards For The Healthcare Supply Chain 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. Pricing discrepancies increase operating costs for providers, group purchasing organizations (GPOs), manufacturers, and distributors. In today’s healthcare environment, wasteful costs can no longer be tolerated. In an effort to move toward greater pricing alignment, HIDA’s Contract Administration Workgroup has developed industry standards to reduce pricing exceptions between trading partners.