The Australian Healthcare Industry Data Crunch Report reveals the impact of inaccurate and inconsistent data and highlights a range of areas where further adoption of the GS1 standards via the National Product Catalogue (NPC) can significantly improve data quality, leading to savings of between AUD$30 million – AUD$100 million per annum.
Key findings include:
- Procurement: AUD$8.8million spent on resources to manually check unit of measure data in purchase orders, and AUD$4.37 million expended to ship emergency deliveries due to under supply.
- External logistics: AUD$6.98 million used by different supply chain partners to collect weights and dimensions for the same products.
- Reimbursement of prostheses: AUD$1.26 million consumed for clarifying prostheses rebate codes with AUD$8.75 million in lost revenue from unclaimed joint replacement prostheses.
The study was commissioned by industry under the auspices of the National E-Health Transition Authority (NEHTA) Supply Chain Reform Group (NEHTA SCRG). Members include representatives from public and private healthcare buyers, suppliers of medicines, medical devices and medical consumables, industry and healthcare associations, professional bodies, as well as global standards and supply chain resource providers, and national and state/territory health departments.
The aim of the Healthcare Industry Data Crunch Report is to focus industry attention on the need for continual data quality improvement in healthcare. Mark Brommeyer, Supply Chain Manager at NEHTA said, “With more than 300,000 records currently on the NPC and growing at a steady rate, industry clearly understands the benefit of accurate data across the healthcare supply chain. This report provides the impetus for the next step change in data quality.”
The participants in this project are keen to see all suppliers and buyers adopting the NPC, loading all product and price data accurately and consistently, and realising the resulting efficiency gains. Efficiency will only be achieved through the data synchronisation process itself, resulting in the use of consistent and accurate data across the supply chain.
Download The Australian Healthcare Industry Data Crunch Report here