Tackle data churn and align contracts

Medical-surgical product information is always changing, making it hard to align contracts and take advantage of reimbursement opportunities. Now you can access supply data that supports, enhances and connects hospital systems with a minimum amount of maintenance and redundancy. With GHX NuVia^SM, you can achieve significant savings from reduced errors, lower costs from better contract alignment and improved revenues through the use of more accurate, up-to-date data in your materials system.

The new way to manage your data

NuVia is a content management solution designed to keep your hospital’s systems up-to-date and synchronized. From your item master to purchase order history, it continually cleans and conditions your organization’s data and delivers more accurate content quickly. Once approved, data is monitored for changes, updates and duplicates, helping reduce transaction errors. Plus, it’s easy to add Healthcare Common Procedure Coding System (HCPCS) codes into NuVia to help you capture revenue and provide reimbursement information to your finance department.

Benefits

Utilize up-to-date product information

Know what you buy and from whom

Lower supply costs through higher contract utilization

Increase potential reimbursement revenue

Reduce transaction errors

Align the supply chain with your financial and clinical goals

Features

Continual data cleansing and conditioning

Tools for removing, adding and customizing data

Capabilities to maintain multiple data descriptions

Access to an industry-wide catalog of 800,000 items

HCPCS codes linked to products

Insight reports into spend, relevance and consistency

Healthcare provider challenges		Manufacturer and distributor challenges		Industry challenges

Off-contract, maverick spend Contract overpayments Financial non-compliance Trading partner connections Low contract compliance Inaccurate item master data Price inaccuracy; price validation Invoice exceptions	Misaligned contracts Manual contract reconciliation Non-file spend Slow invoice approval, late payments Contract underutilization Invoice-to-order discrepancies Misaligned product descriptions Inability to generate EDI	High order error rates Costly inventory audits Increasing DSOs Visibility to revenue growth path Unconsolidated order channels Rebate / chargeback discrepancies Lack of competitive intelligence Conformance with global standards	Manual order processing Error-prone invoicing Limited price exception visibility Recalled field inventory Lost/expired field inventory Incorrect commission payments Unconsolidated MDM processes	Healthcare reform Escalating supply chain costs Technology adoption Supplier-provider collaboration Global standards adoption

NuVia Supply Chain Data Management
GHX created a tool called NuVia to help organizations attain one of the most fundamental requirements for successful healthcare supply chain management―supply chain data management. Clean and current data optimizes the benefits of supply chain automation. Healthcare’s dynamic environment requires a data management strategy that is inclusive of all constituents—from supplier to patient. Without clean data all supply chain functions are compromised.

Professionals in hospital supply chain management face a daunting task with regards to data. Among the many supply chain strategies employed at an organization, healthcare data management software is one of the most important. Thanks to new technologies, healthcare provider solutions now simplify the way organizations manage supply chain data resulting in significant savings from reduced errors, lower costs from better contract alignment and improved revenues.

Healthcare Data Management Software for Supply Chain Automation with GS1 Standards
Supply chain management software is also tremendously valuable to organizations implementing supply chain standards. With increases in business process automation and advancements in technology, the common use of global standards between trading partners is gaining momentum.

The healthcare industry is showing significant market movement toward GS1 standards globally. Adoption of GS1 standards involves assigning GS1 Global Trade Identification Numbers (GTINs) to products and Global Location Numbers (GLNs) to specific organizations and ship-to locations. Incorporating this data into the supply chain can have a profound impact on an organization.

GHX is a Healthcare Supply Chain Management firm. Our main offerings include: Supply Chain Technology, Healthcare Provider Solutions, Healthcare Supplier Solutions, Healthcare Management Software and Healthcare Business Consulting for Reducing Healthcare Costs.

Common Tags: GS1 Healthcare Standards, Supply Chain Automation and Management Software, Supply Chain Standards and Strategies, Hospital Supply Chain Management, Healthcare Data Management Software, Manage Supply Chain Data, Data Supply Chain, Healthcare Provider Solutions

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