The network itself then uses this aligned reference data to enforce chargeback accuracy. HIN, DEA, 340B), and contract pricing data that always stays completely aligned between trading partners on the network. The Contracts & Chargebacks solution on the MediLedger Network will help Cardinal Health provide its partner suppliers and GPOs, a single source of truth for GPO membership, customer identifier data (ex. Suppliers, wholesalers and GPOs are constantly looking for ways to reduce errors and streamline this process. Research studies have also shown an estimated $4 Billion in revenue leakage for suppliers that can be attributed to chargeback disputes.
#Cardinal chains 9 8 manual#
"Being a part of the MediLedger Network and implementing blockchain technology is a crucial step forward in our digital transformation journey here at Cardinal Health."Ĭhargeback (pricing) errors can occur for many reasons, but the result is always manual processing, duplicate effort, and back-and-forth communication between trading partners to resolve them.
"We are committed to developing and leveraging innovative solutions that create compelling, frictionless experiences for our customers and their patients," said Ray Bajaj, CTO of Cardinal Health and leader of our innovation engine, Fuse. The blockchain-powered solution will enforce the accuracy and integrity of chargebacks submitted across Cardinal Health's pharmaceutical supply chain. The new blockchain solution will allow Cardinal Health to optimize the complex process of pharmaceutical chargebacks and create greater connectivity for its suppliers and customers.Ĭhronicled, the administrator of the MediLedger Network, provides Cardinal Health and industry partners a shared decentralized infrastructure with real-time visibility to eliminate disputes and improve pricing accuracy. 3, 2021 /PRNewswire/ - Chronicled and Cardinal Health today announced a partnership to leverage a new blockchain-powered solution on the MediLedger Network to streamline operations across the pharmaceutical supply chain and enable a reliable, frictionless experience for pharmacies across the country.
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