SAN FRANCISCO — Chronicled, Inc., the technology company behind the blockchain-powered MediLedger Network, announced the contractual partnership with Premier Healthcare Alliance, L.P. (Premier) that includes the addition of Premier’s pharmacy membership roster for its group purchasing organization to the MediLedger Network, which will be pre-validated for Premier-contracted pharmacy suppliers and distributors.
As a result of the partnership, Premier pharmacy members would have access to improved coordination among Premier-contracted pharmacy suppliers and distributors, enabling more accurate pricing, reduced add-bills and simplified procurement. Premier, Inc. is a leading health care improvement company uniting an alliance of more than 4,400 U.S. hospitals and health systems and approximately 250,000 other providers and organizations to transform healthcare.
Premier-contracted pharmacy suppliers receive the real-time validated pharmacy program membership roster from Premier that can be used to streamline internal membership and contract eligibility processes, as well as achieve alignment on Premier’s pharmacy membership roster with distributors.
This launch represents a major digital transformation within the pharmaceutical supply chain. The MediLedger blockchain-powered network streamlines internal processing, communication and audits among trading partners, creating strong alignment and enforcing rules without any third party sitting in the middle.
Efforts that enhance trust among pharmacy supply chain partners, such as the MediLedger Network, complement Premier’s efforts to align pricing across the healthcare supply chain, including e-invoicing and e-payable capabilities that seamlessly automate healthcare financial processes.
“The addition of MediLedger to Premier’s technology portfolio further enhances our ability to make healthcare supply chain business processes more efficient and cost effective,” says Jessica Daley, Group Vice President, Strategic Sourcing at Premier. “We are excited to drive this benefit to our members and contracted pharmacy suppliers.”
“The MediLedger Network was developed in response to a universal need to remove friction caused by disputes among trading partners,” says Susanne Somerville, CEO of Chronicled, “We are proud to partner with Premier to launch this new platform for industry-wide innovation in the healthcare supply chain.”
Pharmacy supplier and distributor partners that join the MediLedger Network will benefit from:
- A unified view of Premier’s pharmacy membership roster, member identifiers such as HIN and DEA numbers, supplier contract pricing data and chargeback claims between the supplier and distributor.
- Reduction in most chargeback/pricing errors.
- Elimination of unnecessary re-bills.
- Reduction in time spent resolving disputes.
- Reduction in revenue leakage.
For suppliers and distributors interested in learning more about joining the MediLedger Network, contact [email protected].
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