Getting to the perfect price
The healthcare industry loses an estimated $1.3B annually due to price exceptions. Now using the HIDA (Health Industry Distributors Association) standard, automation can be widely utilized for the thousands of price changes occurring daily between manufacturers, distributors and providers to achieve maximum alignment of pricing among trading partners.
Get started with a dynamic distribution of data
Industry pressure is growing to automate a larger set of transactions with requirements often written into partner agreements. Automate advanced transactions to elevate service levels and meet regulatory compliance requirements. This is the path to price alignment and efficient reconciliation.
Single Channel Services automates:
- Contract Notification (845) and Price Catalog (832) to help align contract and catalog pricing
- Chargeback Request (844) and Rebate Response (849) to help reconcile chargebacks and rebates
- Sales Tracing (867) to track returns and recalls and calculate sales compensation and GPO administrative fees
Product Information
Beyond the Perfect Order is the Perfect Price
With thousands of price changes occurring daily between manufacturers, distributors and providers, traditional contracting processes create complex and labor-intensive work to align price data.