Master Data Management

Master Data Management provides services understanding that data is dynamic and constantly changing. MHS is keenly aware of the significance clean data can have on an organization and the effectiveness of its Information Systems. As a result, we have developed procedures to not only cleanse data but analyze data maintenance and support processes within the organization. MHS will assist in developing data maintenance strategies that include proven data standard rules that the organization can implement and monitor to ensure cleaner and more accurate data.

Today's Challenges

• Hospital executives cannot rely on in-house data or reports to drive strategic decisions
• Inadequate data negatively influences the productivity of the organization's internal processes
• Financial reporting is impacted and asset value misstated
• Incomplete item master encourages buying off contract
• Weak data leads to inefficient purchasing and accounts payable process management

Our Solution

• Clean the data master file and surgical preference cards
• Standardize data through alignment and category management
• Extend management of item master and surgical preference cards
• Standardize descriptions based on industry recommendations
• Categorize by UNSPSC commodity code

Benefits

• Improved efficiency in requisitioning and purchasing processes
• Reduced invoice discrepancies increases payables staff productivity
• Ability to maintain and measure committed volume purchase agreements
• Accurate utilization volumes improves the negotiating position to achieve cost reduction goals
• Identify unmatched (non-item file) items; All no-match items and incompletes are flagged for correction