The MediLedger Network

Developed for the industry by the industry

Live Solutions

Upcoming Events

FEB

27, 28

MediLedger Face-to-Face Meeting

FFF Enterprises HeadQuarters

In Temecula, CA

FEB

29

Webinar: Cencora + MediLedger Information Session

Advancing Pricing Automation and Accuracy

March

12

Webinar: Navigating Hospital Pharmacy Pricing Accuracy

Baptist Health's Blockchain Transformation

Join the growing industry network 2.0

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.

Schedule a Personalized Demo

Experience the power of our solutions firsthand! Schedule a personalized demo and discover how we can tailor our services to meet your unique needs.

Justin Bowers

Vice President, Contract Administration and Finance
Operations, McKesson

"This technology is the first step in solving a complex, industry-wide issue. But working together, we can move the dial on innovation.

Blockchain is empowering us to evolve so there is a single source of truth for the network of decisions rather than siloed processes. I'm proud to see us breaking down those barriers to better the industry."

Matt Sample

SVP, Manufacturer and Replenishment Operations at  AmerisourceBergen

"With MediLedger AmerisourceBergen is able to align in real time, with our manufacturers, and GPO partners to eliminate pricing and customer eligibility errors.

We see MediLedger as the most efficient and technologically advanced solution for managing the contracts & chargebacks process that will also benefit our shared customers in the health system space.."

Craig Cowman

EVP of Global Sourcing, Cardinal Health

"Blockchain technology and increased collaboration across the industry is essential to driving efficiencies, reducing costly errors, and significantly improving the chargeback process.

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 resulys across our supply chain network."

McKesson An Innovative Approach to Contract Alignment and Chargebacks

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AmerisourceBergen Partners with Chronicled to Optimize Pharmaceutical Chargeback Accuracy Using Blockchain-Powered Technology.

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Cardinal Health Partners with Chronicled to Enhance Pharmaceutical Chargeback Accuracy for Customers through Blockchain-Powered Technology.

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Contracts & Chargebacks

Manufacturers

Improve top-line revenue, reduce float to unleash funds, and optimize your Gross-to-Net (GTN) to increase your rate of return.

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Wholesalers

Prevent contract misalign-ments, automating chargeback processes, and aligning pricing data with trading partners.

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GPO’s

Experience accurate pricing data the first time and save valuable time and resources.

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Health Systems

Prevent add bills and rebills by roviding accurate and consistent pricing across sites.

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Medical Surgical

Ensure standardized product information, real-time updates on GPO rosters, and transparent contract pricing.

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Solutions

The MediLedger network prioritizes industry alignment, accuracy, privacy, and decentralization. Network member trading partners find a unified view of transaction-related data, automatically enforced accuracy, control over private data, and a decentralized network that allows for direct transacting with no intermediary. MediLedger modules include:

Roster Management

Automatically validate rosters against industry data before trading partners receive them.

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Contract Communication

Receive pricing, product, customer and other contract updates are shared in real-time.

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Claim Adjudication

Automatically enforce accuracy and adjudicate chargebacks right inside a wholesaler's system.

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340B

Get exhaustive eligibility checks, fully automated exceptions, and seamless integration with 340B ESP.

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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.

Learn About Chronicled

Chronicled develops solutions on the MediLedger Network.

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Chronicled provides ongoing support and improvement of the network.

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Chronicled authenticates new participants wishing to join the network.

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Industry Collaboration

The MediLedner network hosts a weekly working group as well as quarterly face-to-face meetings that allow for top industry participants to develop sustainable industry solutions, discuss implementation and scalling, and collaborate in creating the future of pharma transacting.

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Historic Collaborative Effort: Pharma Giants Rethink the Future of Life Sciences Transacting at MediLedger Face-to-Face Meeting, Hosted by Cencora

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Overview

How MediLedger improves gross-to-net savings, eliminating aged write-offs, threshold write-offs, and unapproved distributor deductions.

How MediLedger addresses 340B eligibility.

How MediLedger enables touchless automation between companies with real-time alignment and automatic settlement.

Features

Roster Management: How the network validates GPO rosters

Contract Communication: How the network can provide real-time contract alignment

Claim Adjudication: How the network enforces chargeback accuracy

Q&A

An opportunity to ask any questions about how the technology works, how we integrate with your ERP/CRM systems, and how we can best serve your company’s current needs.

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Interested in joining our next meeting? Sign up to be notified when registration is live.

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Data Security

Data Security

Data Encryption:

Comprehensive encryption for data at rest and in transit.

IT Infrastructure:

Secure and robust physical and virtual IT resources.

Virtual and Change Management

Cloud Hosting:

Systems hosted on Google Cloud Services with expert-managed access.

Change Oversight:

 Formal change management process with committee review.

Monitoring and Data Management

Security Monitoring:

Continuous threat monitoring with advanced tools.

Data Backup:

Cloud-based, access-restricted data backup solutions.

Access Control:

Stringent access protocols for production environments.

Risk and Policy Management

Risk Assessment:

Regular evaluations by our DevOps team for service integrity.

Security Policy:

Comprehensive policy with ongoing employee training.

Vulnerability Management

Proactive Tracking:

DevOps team actively responds to vulnerability alerts.

Compliance Report

View Our SOC 2 Report

To download a copy of our SOC 2 Report, click here.

Frequently Asked Questions

General Questions

For any questions not addressed here, feel free to contact us at info@mediledger.com

What is the MediLedger Network?

The MediLedger Network is the leading life sciences industry network that runs solutions for data alignment, validation and transaction settlement between trading partners. The network actually utilizes transaction-related data like contracts, customers, and products that are shared through the network to enforce configurable business rules on transactions for each participant, enabling industry level automation and trust.The MediLedger Network is powered by blockchain, which means it is decentralized so trading partners are doing business directly and rules are being enforced automatically, without any party sitting in the middle.

What is Chronicled?

Chronicled is the technology company, based in San Francisco, CA, USA, that developed the MediLedger Network in collaboration with leading companies in the life sciences industry. Chronicled provides support to active participants, improvements to the network itself and develops the solutions run by participants on top of the network.

What is the Contracts & Chargebacks Solution?

The Contracts & Chargebacks solution on the MediLedger Network eliminates chargeback errors, by automatically settling chargeback transactions against aligned pricing contracts and established business rules.

Clean/validated GPO membership rosters.

Customer Identifier data (HIN, DEA, 340B)

Contract headers, pricing, customers.

With this data aligned through the network, the MediLedger blockchain can then enforce chargeback business rules against pricing contracts in real-time, ensuring chargeback accuracy. The solution eliminates manual processes for everyone involved, reduces revenue leakage, and improves trading partner and customer experience in the healthcare supply chain.

Why should pharmaceutical manufacturers join the MediLedger Network?

For pharmaceutical manufacturers, the MediLedger Network provides a platform for industry level innovation and automation with your trading partners. Value comes in many forms whether an organization adopts an existing commercial solution or joins a working group to help shape new protocol and future industry solutions from the ground up.

The Product Verification solution delivers cost effective compliance with DSCSA, as well as improved industry collaboration around product transfers of ownership.

The Contracts & Chargebacks Solution delivers real value to both top and bottom line. Manufacturers who join the network with Contracts & Chargebacks see massive time savings by eliminating/improving manual processes like resolving chargeback errors, evaluating new customers, managing GPO membership and auditing customer master data.

Manufacturers also see a large reduction in revenue leakage from the elimination of unapproved deductions/unresolved chargeback settlements, incorrect chargeback approvals, credits/returns incorrectly rejected as duplicates and low dollar chargebacks under the threshold for review.

Other benefits include the elimination of unnecessary add/re-bills for improved customer service, more accurate/timely government pricing based on accurate chargeback data, reduced compliance risk from real-time adherence to the DEA database, immediate contract activation and (for generic manufacturers) increased sales from faster price changes in wholesaler systems.

Why should healthcare product manufacturers join the MediLedger Network?

The MediLedger Network has expanded the Contracts & Chargebacks solution from the pharmaceutical industry into the medical, surgical and healthcare product industry.

The Contracts & Chargebacks Solution delivers real value to both the top and bottom line for healthcare product manufacturers. Manufacturers who join the network with Contracts & Chargebacks see massive time savings by eliminating/improving manual processes like resolving chargeback errors, evaluating new customers, managing GPO membership and auditing customer master data.

Manufacturers also see a large reduction in revenue leakage from the elimination of unapproved deductions/unresolved chargeback settlements, incorrect chargeback approvals, credits/returns incorrectly rejected as duplicates and low dollar chargebacks under the threshold for review.

Other benefits include the elimination of unnecessary add/re-bills for improved customer service, immediate contract activation and increased sales from faster price changes in wholesaler systems.

Why should distributors join the MediLedger Network?

For Distributors in the healthcare industry, efficiency and automation are crucial. The MediLedger Network offers a completely new category of automation with trading partners, by enforcing rules between companies in the same way internal systems are integrated.

The Product Verification solution delivers cost effective compliance with DSCSA, as well as improved industry collaboration around product transfers of ownership. Through blockchain technology, and quality execution the MediLedger Network offers some of the fastest response times in the industry on product verification.

The Contracts & Chargebacks Solution delivers real value to both top and bottom line. Distributors (wholesalers) who join the network with Contracts & Chargebacks see massive time savings by eliminating/improving manual processes like resolving chargeback errors, processing many different EDI contract updates from suppliers, resolving sales commission disputes, and issuing re-bills/add-bills to customer.

Distributors also get real-time feedback on chargeback adjudication, enabling improved forecasting of cash flow and the elimination of write-offs.

Why should group purchasing organizations join the MediLedger Network?

For group purchasing organizations, customer service is paramount, and the MediLedger Network is the first true platform for a value chain to align on data relevant to customer service.

For the Contracts & Chargebacks Solution, pricing accuracy is the ultimate goal. GPOs who join the MediLedger Network can, through blockchain, actually deliver true pricing accuracy and alignment to customers in collaboration with wholesalers and manufacturers.

GPOs receive real-time contract eligibility updates from manufacturers. They can also align on pricing with wholesalers to ensure your customers are always getting the correct prices on their invoices. Lastly, GPOs can eliminate unknown members and other chargeback disputes that cause admin fee loss on chargeback/sales data reconciliations

How is blockchain technology utilized in the MediLedger Network?

Blockchain is a mechanism to enforce business rules automatically between participants.

Every participant in a blockchain network has a copy of the blockchain data and the rules being enforced on that data. No single party can change the data or the rules. This creates trust between trading partners that was never possible before now.

An example business rule enforced by the network might be:Manufacturer A requires that every chargeback submitted by wholesaler B has an active customer HIN that matches an eligible customer HIN on the contract

How is privacy maintained on the network so that no business intelligence leaks?

Contract and chargeback data is extremely sensitive, and is only meant to be shared between relevant trading partners. The MediLedger blockchain is unique in how it facilitates business rule enforcement while maintaining complete data privacy.

On the MediLedger Network, contract updates, chargebacks and other sensitive data are not published directly on the blockchain, instead business rules are enforced against cryptographic proofs (zero knowledge proofs) of the data, published on the blockchain instead of the data itself.

Every company in the network running a node has a copy of the blockchain to facilitate rule enforcement across the industry, but zero business intelligence is leaked through the blockchain. This is the true differentiator and strength of the MediLedger Network.

Does the MediLedger Network have a token of cryptocurrency tied to it?

The MediLedger Network is a private permissioned blockchain-based network for the healthcare industry. As it is run by participants in the industry, there is no token or relationship with cryptocurrency at this time. We are excited to explore the potential of cryptocurrency and other decentralized financial applications in the facilitation of industry transactions between companies in the future.

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