With thousands of product price changes occurring daily, healthcare manufacturers and distributors spend an enormous amount of time and money on manual price management. Now you can take charge of these changes by automating the contract price notification process with the GHX Single Channel 845 solution. By enabling manufacturers and distributors to get aligned on price, it helps you quickly make pricing updates (which can currently take 3-6 months!) and reduce discrepancies.
The Single Channel 845 solution provides a standardized format for sending and receiving contract price notifications. Manufacturers can send updated pricing in their preferred format (i.e., EDI, CSV, etc.) and distributors can receive it in their preferred format (i.e., EDI, CSV, etc.). Price notifications can be sent whenever the manufacturer changes the price or when there is a change in a provider’s eligibility for that price.