The MediLedger Network

Trust, automation & settlement for trading partner transactions in healthcare

LIVE SOLUTIONS

The MediLedger Network is the industry network 2.0 for the life sciences and healthcare industry, that runs solutions for real-time alignment, rule enforcement and settlement of transactions directly between trading partners

Join the growing life sciences industry network 2.0

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The MediLedger Network was established in 2019 by leading companies in the life sciences and healthcare industry and is administered by Chronicled, a technology company that releases improvements for the network and develops solutions on top of it.

Chronicled develops solutions on the MediLedger Network

Chronicled provides ongoing support and improvement of the network

Chronicled authenticates new participants wishing to join the network

Live Solutions

Chargebacks without errors or disputes

Roster Management

Through MediLedger, GPO rosters are validated against integrated customer identity data (HIN, DEA, 340B) to automate GPO membership management

Contract Communication

Through MediLedger, Contract updates are shared in real-time between trading partners ensure alignment and increased pricing accuracy

Claim Adjudication

Through MediLedger, chargebacks accuracy is enforced by blockchain, along with automation of credits, returns & other chargeback resubmissions

Sub-second verification of saleable returns

Saleable Return Management

Through MediLedger, pharmaceutical products returned to the wholesaler, can be verified against manufacturer data on the blockchain in under one second

Full Compliance with DSCSA

Through MediLedger, manufacturers and wholesalers can achieve full compliance with the saleable return requirements of the 2013 Drug Supply Chain Security Act

Live Solutions running on the MediLedger Network all begin in working groups, where industry stakeholders come together to establish protocols and business rules to govern transactions and interactions between trading partners

Active or Upcoming Working Groups

Medicaid Duplicate Discounts Working Group

Began July 2021

Overview

This is a new working group dedicated to the development of a sustainable industry solution to the problem of Medicaid duplicate discounts against 340B priced drugs.

Background

Annual spend under the 340B program has grown by 700% in the last 10 years to $35 Billion, and the number of Contract Pharmacies participating in the 340B program has grown from 1,200 to 28,000 in the same time frame. This has led to an escalating issue of manufacturers paying out Medicaid rebate claims on drugs where a 340B discount was already applied, also known as a duplicate discount. Multiple pharmaceutical manufacturers have now put in place Medicaid claim requirements and/or 340B discount restrictions in an effort to solve the duplicate discounts problem. Healthcare providers are now facing a growing list of unique requirements from different drug manufacturers that seems unsustainable, and could increase administrative burden and decrease drug access to eligible patients.

Participants

  • Pharmaceutical Manufacturers
  • Covered Entities under the section 340B(a)(4) of the Public Services Act
  • State & Federal Agencies administering 340B/Medicaid Programs

Inside the Technology

The MediLedger Network combines blockchain technology and advanced cryptography to be the ultimate privacy-first platform for healthcare trading partner transactions

Alignment

The MediLedger Network gives trading partners a unified view of transaction-related data among trading partners. (ex. Contracts, customers, pricing, products)

Accuracy

The MediLedger Network blockchain enforces the accuracy of trading partner transactions automatically, against data aligned through the network and established business rules

Privacy

Participants maintain control over their private data, including which trading partners receive which updates through the secure network.

Decentralization

Data and transactions are shared through the MediLedger Network directly between trading partners, without any party sitting in the middle.

A Platform for Industry Innovation

Our Vision is to create a platform for trading partners in the healthcare industry to collaborate and innovate on industry level processes to collectively increase efficiency and effectiveness of care

Ecosystems

Collaborate development sparks an ecosystem where development and customers work together to create solutions beyond what we can imagine.

Solutions

Companies come together to combine and build off of these protocol primitives to create products and solve problems between companies.

Platform

The Mediledger Network becomes a platform with protocol primitives (building blocks) established for any type of information or transactions shared between companies