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Drug Procurement Optimization

CostCheck is a drug procurement optimization platform that helps hospitals and health systems eliminate 1-9% of their annual drug spend across all classes of trade, drive revenue on outpatient drugs, and de-risk their entire drug procurement strategy.

As a pharmacist-designed drug purchasing optimization solution, CostCheck modernizes medication procurement by providing unparalleled transparency paired with workflows to actually realize margin gains. It unites industry-wide pricing data with health system-specific purchases, contracts, and invoices across both acute and non-acute settings.

In an era of reimbursement cuts and evolving federal programs, join the 500+ hospitals relying on CostCheck to optimize pharmacy cost containment strategies, make revenue-aware purchasing decisions, and prevent overcharges. With just 30 minutes a week, pharmacy teams can increase margins while navigating an increasingly complex financial landscape.

The Need for Drug Procurement Optimization Solutions

PRICE FLUCTUATIONS

Hospitals juggle 20,000 NDCs each day and experienced a 14% increase in overall drug expenses last year.

CONTRACT & INVOICE ERRORS

Contract misloads and hidden billing mistakes lead to overspending by hundreds of thousands of dollars

OUTPATIENT PAYMENT CUTS

New payment policies are expected to reduce 2026 outpatient payments by $290M

AVOIDABLE COSTS

Missing GPO contract requirements forfeits rebates, while shortages drive up emergency spending

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The Solution: Drug Procurement Optimization

Cut Drug Acquisition Costs

DCostCheck lowers what you pay for drugs before the purchase happens. It pinpoints alternative equivalent NDCs at lower cost, averaging up to $15,000 in savings per recommendation, and compares pricing across suppliers to help you manage primary and secondary wholesaler spend strategically. 

For hospitals in the 340B program, CostCheck brings decision intelligence to 340B purchasing. It tracks WAC and GPO ratio changes, surfaces potential exclusion issues early, and sends immediate alerts when a purchase may create risk.

Health systems can also purchase select inventory directly from Pfizer Hospital, with special offers customized to their usage.

Catch and Avoid Overspending

CostCheck protects the savings you’ve already earned. Proactively monitor 100% of your contracts and invoices to catch anomalous price increases, contract misloads, and outlier accounts before they cost you. Organizations can also benchmark pricing against hospitals nationwide.

Each overcharge flag helps hospitals avoid overpayments that can exceed $100,000, while CostCheck tracks every opportunity from review through resolution – including credits, rebills, and total savings.

Drive Revenue with Reimbursement-Aware Buying Decisions

CostCheck brings margin awareness to your revenue-generating drugs – including specialty medications. By layering Medicare Part B reimbursement data directly into recommendations, every eligible alert shows cost and estimated margin impact side-by-side. Biologics and biosimilars, once compared in isolation, are now grouped for accurate cross-product margin comparison – making per-vial margin differences visible for the first time.

Coming in 2026: Connect your own claims data to CostCheck for exact, payer-level profit calculations.

Protect Against Costly Disruptions

Without visibility into purchasing strategy and external market forces, pharmacy spend can quickly escalate. CostCheck evaluates GPO compliance for every recommendation, providing line-item detail, real-time compliance status, and tracking failure-to-supply credits.

Unexpected shortages can also force hospitals into costly emergency purchases. Through an integration with ShortageCheck, hospitals can balance immediate savings opportunities with supply stability. Built-in alerts flag potential NDC shortages up to 90 days in advance, helping teams avoid switching to products that may soon become unavailable.

CostCheck’s spend monitoring verifies that purchasing aligns with preferred items while accounting for backorders, shortages, and cost-saving initiatives — closing the gap between savings identified and savings realized.

Cut Drug Acquisition Costs

DCostCheck lowers what you pay for drugs before the purchase happens. It pinpoints alternative equivalent NDCs at lower cost, averaging up to $15,000 in savings per recommendation, and compares pricing across suppliers to help you manage primary and secondary wholesaler spend strategically. 

For hospitals in the 340B program, CostCheck brings decision intelligence to 340B purchasing. It tracks WAC and GPO ratio changes, surfaces potential exclusion issues early, and sends immediate alerts when a purchase may create risk.

Health systems can also purchase select inventory directly from Pfizer Hospital, with special offers customized to their usage.

Catch and Avoid Overspending

CostCheck protects the savings you’ve already earned. Proactively monitor 100% of your contracts and invoices to catch anomalous price increases, contract misloads, and outlier accounts before they cost you. Organizations can also benchmark pricing against hospitals nationwide.

Each overcharge flag helps hospitals avoid overpayments that can exceed $100,000, while CostCheck tracks every opportunity from review through resolution – including credits, rebills, and total savings.

Drive Revenue with Reimbursement-Aware Buying Decisions

CostCheck brings margin awareness to your revenue-generating drugs – including specialty medications. By layering Medicare Part B reimbursement data directly into recommendations, every eligible alert shows cost and estimated margin impact side-by-side. Biologics and biosimilars, once compared in isolation, are now grouped for accurate cross-product margin comparison – making per-vial margin differences visible for the first time.

Coming in 2026: Connect your own claims data to CostCheck for exact, payer-level profit calculations.

Protect Against Costly Disruptions

Without visibility into purchasing strategy and external market forces, pharmacy spend can quickly escalate. CostCheck evaluates GPO compliance for every recommendation, providing line-item detail, real-time compliance status, and tracking failure-to-supply credits.

Unexpected shortages can also force hospitals into costly emergency purchases. Through an integration with ShortageCheck, hospitals can balance immediate savings opportunities with supply stability. Built-in alerts flag potential NDC shortages up to 90 days in advance, helping teams avoid switching to products that may soon become unavailable.

CostCheck’s spend monitoring verifies that purchasing aligns with preferred items while accounting for backorders, shortages, and cost-saving initiatives — closing the gap between savings identified and savings realized.

Schedule a call to see how CostCheck fits your facility’s workflow.

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SUCCESS STORY

Sentara Healthcare

Sentara faced the challenge of optimizing drug spend without burdening staff with a manual, time-consuming approach. Each Sentara hospital leveraged CostCheck on a once-weekly cadence, spending about 30 minutes per week on the platform and pursuing the action items. In less than two years, Sentara realized savings of over $3.45 million – an outcome that equates to about $8,800 of drug spend eliminated for each hour spent using CostCheck.

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What Our Customers Have to Say

Thomas Latuga PharmD, BCPS, Pharmacy Finance, and 340B Coordinator

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