Consistency of Categorization to Facilitate Clinical Analysis

There currently are over 20 different Classification and Nomenclature Systems used across the world for the classification of products in the healthcare sector which are used to group like products such as Medical Devices, versus Pharmaceutical Drugs. (Example classification systems are GMDN, UNSPSC, GPC, eClass and ATC among others.)

These classifications are intended to assist businesses with Spend Analysis, Financial Analysis, Procurement and Sourcing.  Unfortunately, it can be a tremendous challenge for hospitals to do any kinds of analysis since suppliers use different standards, versions and allocations / interpretations of these category codes and this was especially problematic during a pandemic.

The lack of categorization standards hit hardest with COVID-19.  As an enterprise, the Mayo Clinic wanted to know the number of PPE products in total, inventory location and stock available at each location.  They saw the need for an industry standard product categorization method.

The Mayo Clinic wanted to improve categorization of products through standardizing category codes and category attribution.  They also wanted the ability to group/categorize products that are clinically similar/equivalent.

Find out exactly how Mayo Clinic used PIM to ensure consistent category codes to facilitate effective and accurate clinical analysis.  Watch the video today!