Contract Compliance and Optimization Process

Too many contracts and not enough time? This service reduces the overall
pharmaceutical cost of sales through cost avoidance achieved by monitoring
purchasing activity and maximizing the efficiency and the effectiveness of the client’s
contract portfolio and internal resources. Cost avoidance and percentage improvement
in contract coverage convert to direct improvement in bottom–line profitability.

Our analysis of purchasing data and client pharmaceutical contracts allows us to
identify areas where the current contract portfolio can be improved to adjust to
emerging trends in client utilization. We can also measure compliance in purchasing
contracted products and make recommendations for less expense contract
alternatives where they exist.

FEATURES:

  • Proprietary/patent pending process
  • Automated monthly report distribution to each facility
  • Hospital specific optimization worksheets
  • Feedback loop to monitor individual hospital compliance
  • Monthly reporting and trend analysis
  • Corporate, regional or individual hospital analysis

BENEFITS:

  • Maximizes pharmaceutical contract portfolio utilization
  • Reduce and maintain cost of sales
  • Corporate dashboard for monitoring purchasing