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Savings Calculator

CostCheck Potential Savings Calculator

Use the savings calculator to easily estimate projected savings that you can achieve with CostCheck based on your Hospital / IDN Size and 2 simple inputs. The Savings Calculator draws its underlying metrics from the real-world savings of CostCheck Customers. By selecting your Hospital / IDN Size (Small, Medium, or Large) based on approximate drug spend, the calculator will be able to select the right reference customer group to provide you with the savings CostCheck can generate for you.

Variables

CostCheck will notify you in real-time whenever there is a better priced option in the same therapeutic group. A CostCheck Recommended Change will provide you with an opportunity to optimize NDCs you are purchasing and generate savings. CostCheck Customers complete an average of 4 Recommended Changes per month (about 1 per week) by investing less than 1 hour per week of their time. Adjust the number of Recommended Changes your team could complete per Month to see the impact to your potential savings.
You should be paying the same price across similar account types. CostCheck detects and allows you to action price parity fall outs and request credit and rebills from your suppliers. CostCheck Customers act and realize refunds on an average of 5 invoices per Month. Adjust the number of Overcharges you feel you would need corrected each Month to see the impact to your potential savings.

Summary

Average Monthly Value per Recommended Change:

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Based on your selected Hospital / IDN Size, this is the average value of every completed Recommended Change for CostCheck customers of a similar size. The value shown is the hard dollar returned savings average a hospital of the selected size realizes each month.

Average Value per Overcharge Corrected:

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Based on your selected Hospital / IDN Size, this is the average value of each net refund returned for CostCheck’s customers of a similar size. The value shown is the hard dollar net refund returned average for hospital of the selected size for each refunded amount.

New Potential Savings Generated per Month:

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Based on the average monthly value of a Recommended Change and Overcharge Correction for a Hospital / IDN of your selected size and the number of recommendations you’ve indicated your team can complete each month, this is the Potential New Savings you will generate every month you are using CostCheck.
  • * New Potential Savings Generated Per Month: The New Potential Savings you will generate each month based on the inputs above.
  • ** Potential YTD Savings: YTD savings shows the power of compounding returns. Recommended Changes continue to provide value month over month (for 12 months) as you also take advantage of new opportunities.
Month New Potential Savings
Generation per Month*		 Potential YTD Savings**

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