OSF HealthCare Joins MediLedger Network To Enhance Pricing Accuracy And Contract Management

OSF HealthCare, a health system operating in Illinois and Michigan, has joined the MediLedger Network to enhance contract and pricing process alignment across its pharmacy sites. This collaboration aims to expand OSF HealthCare's network, which already includes numerous Group Purchasing Organizations (GPOs), manufacturers, and distributors.

By implementing a robust four-way matching system among these trading partners, MediLedger will work to ensure consistent and accurate pricing. Sandra Salverson, senior vice president of pharmacy services for OSF HealthCare, stated, "Leveraging MediLedger's technology marks a critical advance toward our goals of pricing transparency and operational efficiency." She added that the platform would help eliminate cumbersome credits, rebills, and audits.

MediLedger allows OSF HealthCare to publish its roster directly to GPOs, manufacturers, and wholesalers. This feature reduces the administrative effort needed in managing customer eligibility and allows healthcare pharmacy sites to better align with GPO’s on-site eligibility. Haris Kamal, CRO at MediLedger, noted that the integration of OSF HealthCare into their network demonstrates a commitment to embracing advanced solutions for operational improvements.

About OSF HealthCare

OSF HealthCare is an integrated health system founded by The Sisters of the Third Order of St. Francis. Headquartered in Peoria, Illinois, OSF HealthCare operates 16 hospitals—10 acute care, five critical access, and one transitional care—with 2,131 licensed beds throughout Illinois and Michigan. The organization employs nearly 24,000 Mission Partners across more than 150 locations.

OSF HealthCare also has two colleges of nursing and operates OSF Home Care Services, an extensive network of home health and hospice services. Additionally, it owns Pointcore, Inc., comprised of healthcare-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising healthcare innovation startups.

Digital Health Initiatives

In 2020, OSF OnCall was established as a digital health operating unit that includes a hospital-at-home service. OSF OnCall delivers care and services when, where, and how patients prefer to receive them. The organization has been recognized by Fortune as one of the most innovative companies in the country.

About MediLedger

MediLedger is administered by Chronicled and is a blockchain-based network designed to streamline financial transactions in life sciences. The platform aims to create industry-wide alignment and accuracy while eliminating disputes. This results in recapturing lost revenue and alleviating administrative burdens.