This paper will present the next evolution of the healthcare supply chain solution that combines artificial intelligence (AI) and a virtual item master to provide a level of detail and comparison almost impossible to achieve with current systems and information. We’ll examine “smart attributes” and product ontologies (product/attribute mappings) that can systematically align products so that they can be effectively mined. Through increased standardization and better control of high-cost physician preference items, effective mining can drive
cost savings. Users benefit from a more complete understanding of a product’s total value, including clinical and profit impact, not just the cost paid.
