SUPPLY CHAIN MANAGEMENT: Supply Chain and Revenue Linkage

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Supply Chain and Revenue Linkage

Integrates supply chain and revenue cycle data with CrossWalk® to establish a defensible mark-up strategy based on acquisition costs and to improve revenue capture and reimbursement.

Establish supply and revenue integrity by ensuring all chargeable supplies are accurately represented in the chargemaster

Provides complete side-by-side visibility into supply charges and cost data for data integrity
Offers the industry’s most complete and accurate master item file and chargemaster to highlight compliance issues and revenue opportunities
Provides a myriad of pre-canned reports that identify high cost physician preference items (PPI) purchased off-contract

Integrates and displays ancillary data from various subsystems so that incorrect charges and revenue leakages can be identified and fixed

Helps manage carve-outs by identifying potential data issues associated with billing for high-priced supplies and implants

Provides built-in mark-up matrix simulator to ensure publicly stated pricing strategy is fully implemented across the organization

Evaluates multiple supply pricing strategies based on acquisition costs and measures the net revenue impact on any price
Ensures new supply items are charged based on mark-up strategy
Manages the rapidly changing supply mix and maintains correct links to the chargemaster
Derives cost information from multiple sources including the supply item file and invoice data
Facilitates quick price changes in patient accounting system

Provides standard and customizable reports that can be filtered to include individual or multiple facilities and delivered via e-mail

Tracks non-file purchases including high-cost, special order items and delineates between items missing from the item file and items listed but purchased outside of normal procurement processes
Streamlines analysis and indicates areas for financial or compliance improvement within one or more facilities
Identifies unlinked supply items by volume to prevent missed charges
Provides comparison of prices to other hospitals nationally
Identifies items that should have separate charge codes and recommends best practice coding
Audits sub-system ordering to identify linkage problems and ensure correct charge code is used

Improve your
Operating Margins

MedAssets improves
and sustains
operating margins
by 1.5% to 5%.

Duke University Health

DUHS was searching for an alternative to manual claims processing. An automated solution helped recover $5 million in underpayments – an amount which would have never been identified under the manual system. Additionally, the health system was able to defend $1.2 million in managed care refund requests.