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UNSPSC: The Benefits of Utilizing a Standardized Taxonomy in Healthcare

October 15, 2020

UNSPSC is a hierarchical product coding system that is composed as an eight-digit number; each level of the classification structure is represented by a two-digit identifier. By assigning UNSPSC values to items, hospitals can consistently classify product and service expenses; resulting in more accurate cost reporting and revenue reimbursement.

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