Owens & Minor : Four Pricing Accuracy Recommendations from Lehigh Valley and Owens & Minor
April 04, 2022 at 02:37 pm EDT
Share
Ensuring accurate and competitive pricing for healthcare products creates unique challenges for hospitals at almost every level. Between multiple systems, inconsistencies in implementing price changes, delays in receiving contract pricing, and more, it's easy to see how maintaining pricing accuracy can quickly become a complex process.
Effectively managing pricing provides increased transparency and efficiency for healthcare systems and is critical to overall operational health. The number one goal of pricing accuracy is to assure the customer is charged the correct price reflecting their current contract pricing.
Lehigh Valley Health Network has long recognized the importance of implementing a proactive solution to identify and address pricing errors before they happen. Lehigh Valley Health Network utilizes Owens & Minor's RealPrice™ pricing management system to align products and pricing, saving time and expenses.
RealPrice is Owens & Minor's industry-leading pricing management program. A specialized contract and pricing team, backed by advanced technology and processes work to get customers the right product for the right price, every time. It is a proactive approach that aligns to a defined contract hierarchy to address pricing errors and minimize issues before they impact a health system. According to GHX data, Owens & Minor has a higher invoice match rate compared to its peers in the field.*
Owens & Minor Inc. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 18:36:01 UTC.
Owens & Minor, Inc. is a global healthcare solutions company providing essential products and services that support care from the hospital to the home. The Company operates through two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a comprehensive portfolio of products and services to healthcare providers and manufacturers. Its portfolio of medical and surgical supplies includes branded products purchased from manufacturers and its own proprietary products. Its service offerings to healthcare providers include supplier management, analytics, inventory management, and clinical supply management. It also offers a variety of programs providing outsourced logistics and marketing solutions to its suppliers as well. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies and a provider of integrated home healthcare equipment and related services.
OWENS & MINOR, INC. 
