Boost Operational, Clinical and Financial Performance With Good Data
When data is centralized and streamlined, administrative tasks can be significantly reduced so supply chain teams can focus on more value-added activities like evaluating product performance, utilization, and spend across specific categories.
Standardization also helps facilitate more accurate reimbursements. Level II of the Healthcare Common Procedure Coding System (HCPCS) plays a key role in allowing an organization to be reimbursed appropriately for products used in procedures.
Once an organization has automated and standardized its data, it now has a single source of truth with which to operate. But data on its own does not add value – it must be integrated with other systems such as EHR/EMR, ERP, and billing.
In an era of doing more with less, a data strategy that ensures trustworthy, clean data flows across financial, operational, and clinical systems is essential to improving outcomes.
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