EDI compliance in healthcare is an essential framework that ensures the secure, standardized, and efficient exchange of electronic data among healthcare stakeholders. It plays a critical role in safeguarding patient information, reducing costs, and enhancing the overall quality of care in the healthcare industry.
A key driver of Supply Chain performance optimization is the ability to maintain and enforce the use of contract terms and prices negotiated by sourcing owners. Hospitals pay an estimated 3-10% premium on the price of every item they purchase that is not identified with a sourcing contract. The result is a nearly 40% loss of the projected savings that were identified when the contract was negotiated. Best-in-class organizations achieve up to 80% more savings than others through a clearly defined contract compliance process. (Source: Aberdeen Research)
An integral part of the procurement process CommCARE Compliance maximizes savings by enforcing contract terms and pricing on each transaction. Ensuring that purchasers are buying from preferred sources and meeting vendor performance commitments, results in improved discounts and rebates. Too often the specific terms of the contract are disconnected from the procurement process where day-to-day purchasing decisions are made. CommCARE Compliance connects the relationship between the item, preferred vendor and contracted price, making it easy to realize cost savings during your everyday purchasing.
With CommCARE Compliance you have visibility into contract pricing at the point of the purchase decision, eliminating non-compliant purchase activity. In addition, by enforcing contract utilization you have assurance that each transaction is compliant with the terms and pricing of the contract; maximizing the savings that were negotiated.But CommCARE Compliance goes beyond that by providing detailed rebate tracking and reconciliations.
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