Inventory Management
Inventory management one of the most effective options you have to control operational costs. Within Pharmacy Healthcare Solutions, significant experience and capability exists to help pharmacy providers improve their inventory management practices by providing services and capabilities including mentoring, inventory levels, inventory turns, and physical inventory.
Reimbursement Management
Maximize revenue through more aggressive and accurate management of claims, contracts, and collections. Our consultants will also help you capture significant cost savings through government and manufacturer indigent care cost recovery or 340B pricing.
Procurement Management
Continue the cost savings in medication management practices by evaluating inefficiencies throughout your supply chain:
Drug Spend Analysis
This model identifies the specific drug and/or therapeutic categories of drugs which are contributing most heavily to increasing drug costs and areas where price versus utilization is contributing to rising drug costs. Then, it provides a "road map" from which decisions can be made to mitigate future drug cost increases (i.e., P&T agenda, DUE/MUE target activities, purchasing decisions.) Finally, it provides a tracking system to project future drug costs and measure the effect of the decisions made to reduce drug costs.
Optimal Drug Utilization/Benchmarking Service
Through this solution we evaluate your drug formulary and purchasing data, incorporate national standards for definitions and benchmarking, and provide tools to assist your staff in educating physicians on cost-effective medication use. In addition, this service provides a plan of action to potentially decrease pharmaceutical costs.
Automation Analysis
Together, we can design and implement technology solutions to decrease your direct and indirect operational expenses without implementing cost cutting measures that compromise service quality.