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Healthcare systems have hundreds of individual contracts and pricing agreements to manage during any given billing cycle. Despite the best efforts of purchasing and pharmacy departments, difficulties often arise in ensuring accurate prices are paid for on all products and services. Contract overcharges, discrepancies between PO and invoice terms, duplicate vendor payments and other issues are common among health systems without proper payment processes in place. The Correct Payment Process To ensure your health system is paying the correct amount for every order involves following a three-step process: Determine the correct price and most favorable terms before the order is […]