Grihasoft provides Data Classification Services to classify transactions or master data-related products and services to well-known global standards such as UNSPSC, eCl@ss, NAICS, MESC, NIGP, SMD or a proprietary schema. Grihasoft has a specialist team of taxonomy experts that can build a schema to specific domain tailored to customer needs. This comes with category codes, category definition, attribute names and attribute definitions, cross reference to any existing schema. Benefits of Accurately Classified Data
Data easy to find and retrieve Is the foundation for effective spend analysis across functions Visibility of data spread The United Nations Standard Products and Services Code (UNSPSC ), managed by GS1 US for the UN Development Programme (UNDP), is an open, global, multi-sector standard for efficient, accurate classification of products and services. It is a four-level hierarchy coded as an eight-digit code, with an optional fifth level for adding two more digits. The four primary levels of the code are Segment, Family, Class and Commodity. The new version of UNSPSC is being released twice a year with updated codes by taking various inputs from the user community. The current version is having 80396 categories under Commodity level. It is available in 13 languages with various version for each language. What is HCPCS coding? HCPCS is an acronym for Healthcare Common Procedure Coding System. The accurate HCPCS code plays an important role in patient access to new or existing technologies and reimbursement strategy. HCPCS codes are known as Level II codes, because they are additional codes created to supplement and help further define procedure codes. HCPCS codes cover some procedures that aren t defined within the CPT-4 structure, but mainly covers supplies, pharmaceuticals, dental and other services that aren t considered procedures, yet are an integral part of health care billing. HCPCS codes are five-digit codes, but the first digit is an alpha character. Below is an Example of HCPCS code:ITEM HCPCS Code HCPCS DescriptionSURGICAL GLOVE TRIFLEX STERILE 5.5 POWDEREDA4930GLOVES, STERILE, PER PAIRWIRE KIRSCHNER 1.6MMx229MMC1713ANCHOR, SCREW FOR OPPOSING BONE-TO-BONE OR SOFT TISSUE-TO-BONE (IMPLANTABLE)HEAD FEMORAL UNITRAX UNIPOLAR 48MMC1776JOIN DEVICE (IMPLANTABLE)CATHETER OCCLUSION EQUALIZER 7FRX65CMC2628CATHETER, OCCLUSION
