• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Cardinal Health Leverages Blockchain to Streamline Pharmaceutical Supply Chain

by Fred Pennic 08/03/2021 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Cardinal Health Leverages Blockchain to Streamline Pharmaceutical Supply Chain

What You Should Know:

–  Cardinal Health and Chronicled announced a partnership to leverage a new blockchain-powered solution on the MediLedger Network to streamline operations across the pharmaceutical supply chain and enable a reliable, frictionless experience for pharmacies across the country. The new blockchain solution will allow Cardinal Health to optimize the complex process of pharmaceutical chargebacks and create greater connectivity for its suppliers and customers. 

– Chronicled, the administrator of the MediLedger Network, provides Cardinal Health and industry partners a shared decentralized infrastructure with real-time visibility to eliminate disputes and improve pricing accuracy. The blockchain-powered solution will enforce the accuracy and integrity of chargebacks submitted across Cardinal Health’s pharmaceutical supply chain.  

Impact of Chargeback (Pricing) Errors

Chargeback (pricing) errors can occur for many reasons, but the result is always manual processing, duplicate effort, and back-and-forth communication between trading partners to resolve them. Research studies have also shown an estimated $4 Billion in revenue leakage for suppliers that can be attributed to chargeback disputes. Suppliers, wholesalers, and GPOs are constantly looking for ways to reduce errors and streamline this process. 

Partnership Benefits

The Contracts & Chargebacks solution on the MediLedger Network will help Cardinal Health provide its partner suppliers and GPOs, a single source of truth for GPO membership, customer identifier data (ex. HIN, DEA, 340B), and contract pricing data that always stays completely aligned between trading partners on the network. The network itself then uses this aligned reference data to enforce chargeback accuracy. 

“Blockchain technology and increased collaboration across the industry is essential to driving efficiencies, reducing costly errors, and significantly improving the chargeback process,” said Craig Cowman, EVP of Global Sourcing for Cardinal Health.” Greater connectivity with our supplier partners is always a focus of ours and we’re excited to deploy this new solution to deliver higher quality results across our supply chain network.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: blockchain, Blockchain Technology, Cardinal Health

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |