Mike Brown, Director of Purchasing, University Health Care System, Augusta, Georgia, Dave Turner, e-Business Consultant, chair of product taxonomy committee for Coalition for Healthcare eStandards, and Joe Arruda, Vice President, Supply Chain Management, Neoforma, Inc., describe how standardizing supply chain data can promote greater awareness of spending patterns, enabling more informed analyses and decision making for both the materials managers and hospital executives. By implementing a data cleansing project, University correctly classified 10,000 individual products in its item master using UNSPSC code. Greater visibility enabled the hospital to negotiate more advantageous contracts with manufacturers, with one such deal saving the hospital $50,000 per month. In addition, they explain why UNSPSC is the emerging product categorization standard of choice in healthcare.
Audio recording currently available via call-in, only. Call 888.203.1112 and enter code 8442389 when prompted.