Case Study: Niagara Falls Memorial Medical Center Finds 4% in Annual Drug Spend Savings with CostCheck
The goal was to become less reactive to more proactive when managing pharmacy budgets and…
Pharmacy purchasing is affected by multiple factors outside of a hospital’s control such as drug shortages, contracting changes, and purchasing agent behavior. Every year, shortages are the number one problem pharmacists are facing. Managing shortages while continuing to monitor your GPO compliance and trying to purchase drugs from your hospital’s preferred drug list can become complicated. CostCheck™ analyzes and interprets all of your data to provide you with a comprehensive dashboard for you to ensure compliance and optimize outcomes.
CostCheck’s shortages module integrates data and decision support tooling from the gold standards of shortage signaling in the market, FDA and ASHP. The shortages module will help hospitals prioritize and respond to impactful shortages. In addition to shortage signaling, the module provides workflow and communication tooling, ensuring seamless incorporation into established shortage response efforts and making them more efficient.
Monitoring drug purchasing compliance within your hospital or health system can be cumbersome. The spend monitoring module promotes accountability, ensuring that your team buys the most cost-effective item from your preferred drug list.
Go beyond simply monitoring pharmacy purchasing behavior; turn monitoring into action to limit and correct inappropriate spending. With CostCheck’s easy and intuitive workflow, you can assign overspends directly to your buyer allowing for maximized credits and re-billing of the proper preferred NDC.
CostCheck provides you with a centralized GPO dashboard that displays real-time overall as well as line item GPO compliance and gives you the ability to monitor and export failure to supply credits. Integrated GPO compliance, product flagging, and GPO prioritization of Recommended Changes also make it easy to ensure your maximizing the benefits of membership.
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