Spend Management Solution creates a spend management infrastructure that dovetails Strategic Sourcing and Supplier Relationship Management by:
Data Mapping and Validation
Normalizes the Item/supplier information including demographics of the supplier and parent-child relationship; maps the normalized data to the master database.
Benefits:
- Enables higher match rates
- Ensures up to date information in vendor masters with regards to acquisition/mergers and address changes etc.
Product Attribution and Cataloguing
Medusind provides thought leadership and industry expertise to help build attribution rules and customize the attribute type and number. It defines rules to suit the existing business specification, focus and intended usage/final product.
Benefits:
- Research empowered by trained physicians and paramedical staff
- As many as 32 different product attributes
- Allows for comparative product analysis
- Improved sourcing through consistent descriptions
Product Classification and Taxonomy Development
Our product classification services include global schemas like UNSPSC and/or any proprietary schema of manufacturer / supplier. We help our clients build a schema to specific domain, tailored to customer needs and provide a mapping/cross walk from any proprietary schema to the global schema.
Benefits:
- Enhanced spend analysis
- Improved budgeting and forecasting
HCPCS Coding
We provide HCPCS level-2 coding services to facilitate accurate reimbursements of hospital supplies billed to a public or private insurer in compliance with CMS guidelines. Our Coding team is certified by American Academy of Professional Coders (AAPC).
Product Recall Capture / Alert Management
Help our clients provide prompt and complete product recall information to the members.
Contract Digitization & Scanning Services
Analysis and digitization of supplier or GPO contracts, including the extraction of effective start and end dates, key business terms, products, prices, and relevant tier information.
Overpayment Recovery and Capture
Supplier pursuit and follow up on behalf of hospital customers for potential overpayments, duplicate payments, or expected tax credits.
