Chronicled
MediLedger is a blockchain-powered network in the life sciences industry that provides solutions for data alignment and transaction accuracy between trading partners.
Services
Chronicled offers the MediLedger network, a blockchain-powered solution aimed at the life sciences industry. This network provides secure and efficient data alignment and transaction accuracy between trading partners. Key solutions include Contracts & Chargebacks, which unify validated GPO membership, customer identifiers, and pricing contracts for manufacturers, wholesalers, and GPOs. The network enforces business rules in real time and automates resubmissions, customer evaluations, and maintains accuracy against original chargebacks.
Products
The flagship product under the MediLedger network is the Contracts & Chargebacks solution. This product helps manufacturers, wholesalers, and group purchasing organizations (GPOs) maintain a unified view of clean and validated membership data, customer identifiers, and pricing contracts. It promotes accuracy and efficiency through real-time enforcement of chargeback business rules against pricing contracts, automated customer evaluations, and streamlined financial operations.
Sector
Chronicled's MediLedger operates within the life sciences sector, providing blockchain-based solutions tailored for the medical and surgical fields. The platform offers services that help manufacturers, wholesalers, and hospital systems to enhance their financial and operational efficiencies. It ensures standardized product information, real-time updates on GPO rosters, and transparent contract pricing, aimed at improving top-line revenue and optimizing gross-to-net (GTN) returns.
Client Use Cases
One prominent client using MediLedger's blockchain technology is Baptist Health. MediLedger provides Baptist Health with tools to manage pricing across multiple sites, achieving accurate pricing the first time and reducing discrepancies. The technology has also helped reduce the need for costly credit rebills due to pricing errors, streamlining operations and enhancing profitability for the health system.