White Papers

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.

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Infographic: The Current Contract Administration Process (from the white paper, page 26)

The Current Contract Administration Process