Product Information Management (PIM) for Healthcare

The American Healthcare industry is sitting on the edge of financial viability, according to "The State of Hospitals Financial Health," a white paper released by the American Hospital Association (AHA). Study by the Coalition for Healthcare eStandards and the Health Care eBusiness Collaborative states that 60% of all invoices generated have errors costing $40 to $400 to reconcile. Erroneous data increases the supply costs by 3%-5%.

Never before has there been greater financial pressure on the healthcare system. The savings from operational analysis and upgrading or replacing ERP systems are key initiatives to improve operational performance. These processes depend upon a foundation of accurate, reliable and consistent data for success. Because of the complex nature of the healthcare product data, strong domain expertise with data management skills are essential to deliver the expected results. In the present healthcare scenario, there are limited skilled resources and high cost involved in managing the master data challenges. Engaging with an experiences PIM data partner is a necessary strategic decision to address the information supply chain challenges.

Enventure has a unique delivery model, knowledgeable domain and data experts for healthcare Industries. Enventure PIM services are customized to meet the needs of organizations like healthcare product manufacturers, Distributors, Supply chain services providers, GPOs and Hospitals.

Enventure strives towards substantially decreasing costs by synchronizing and making sure that only accurate data is available in the supply chain.

Advantages of Accurate Data:

• Reduced purchase order errors
• Decreased invoice exceptions
• Minimized customer service inquiries
• Improved product sourcing  and
• Highest safety initiatives for both patients and medical staff

Organizations can rely on Enventure to give that extra edge which is the key to survival in the present market scenario.

The Key Benefits:

• Efficient cataloging
• Smooth ERP system
• Improved inventory visibility
• Better management of supply chain
• On-time delivery of projects
• Economical pricing
• Database of highest quality standards
• High standards of integrity
• Enable advanced analytical capabilities