Healthcare Data Services

Item master data is the mainstay of a hospital’s supply chain initiative; accurate and complete data is essential to create “Zero Issues” in the healthcare supply chain. Managing item master data is always challenging due to the complexity and vastness of information, the dynamic nature of data inputs, and the basic need for coordination among multiple parties.

What is item master data?
Item master data definition: The item master contains key information that drives a hospital’s supply chain and procurement processes: products, suppliers, contracts, and P2P transactions.

Master Data Management Process

1. Deduplication

Deduplication is the process of identifying and eliminating duplicate records in a dataset to ensure data accuracy, consistency, and efficiency. In healthcare item master data, this is especially critical—imagine ordering the same Med-Surg consumables twice and bulking up inventory levels.

2. Standardization

Standardization is a part of MDM data cleansing that provides uniformity and consistency across the Master Data to create Golden records, so that all pertinent information follows the same rules and structure. In healthcare item master data, this is pivotal for procurement, reporting, and system integration.

a. Item Master Data Classification / Classification of Item
Enrich Expert provides data classification such as UNSPSC, HCPCS, and SIC. We are also adept at handling customer in-house taxonomy that follows specific rules.

• UNSPSC:
  It is a global taxonomy used by most of our customers. It is a four-level hierarchy coded as an eight-digit number, with an optional fifth level adding two more digits. UNSPSC is also used to identify spend by most of our customers.

b. Item Master Data Enrichment
Identification of Noun Specific Template from Enrich Expert Schema / Prop. Schema. Enhancing records with more detailed information: technical specifications, usage instructions, classifications, storage information, item-specific images. Identifying and fixing typos, updating incomplete fields, and eliminating incorrect and redundant product details. Identifying items no longer in use or discontinued by the manufacturer to help in supply chain management.

• Abbreviated ERP Material Description
  Abbreviated item description to suit target ERP

c. Trading Data Validation

• Vendor Normalization:
  Identify and resolve vendor naming inconsistencies, errors, duplications, and acquisitions. Normalize and standardize names, retain merger/acquisition details, and add parent/child info wherever required.

• Mfr Details Validation:
  Identify and resolve manufacturer naming inconsistencies, errors, duplications, and acquisitions. Add parent/child info wherever required.

• Purchasing Details UOM and Packaging String Validation:
  Review and research the UOM/package string for each item to assess the accuracy and consistency of this information. We also provide GTIN data capture wherever available.

Vendor / Manufacturer Master

We provide all kinds of service management services or serenity has taken possession.

• Vendor Master Maintenance:
  Standardization/normalization of names, addresses, and contact through web search; identification of parent/child relationships.

• Manufacturer Master Maintenance:
  Standardization/normalization of names, addresses, and contact through web search; identification of parent/child relationships.

• Vendor Categorization:
  Assigning codes from international standards to vendors based on their nature of business

  1. SIC / NAICS or any other relevant classification standard

Inventory Valuation Backoffice Services

To provide optimized inventory that balances between stock-outs and expired stocks, an accurate inventory with periodic evaluation is a must.
The analysis will provide understanding and insights on inventory levels by various parameters like cost centers, item categories, active vs expired data, and will also help the organization visualize performance trends and update inventory values using Kanban and PAR.

Enrich Experts has a specific team to perform inventory valuation tasks like cost UOM determination, cost center validation, etc., to help providers with supply chain details, which leads to cost savings and balanced inventory.