PharmaChecker™
Real-time Pharmacy Pricing Data to Lower Pricing for Off-Contract Drug Purchases
Checking pricing for and negotiating off-contract items can be difficult for pharmacy supply chain teams with limited spend history and visibility into current market pricing. This lack of visibility often causes drug pricing variances, which leads to overpaying for costly drugs. With PharmaChecker™, our clients can control their pharmaceutical spend and ensure that drug shortages don’t have them overpaying for substitutions.
PharmaChecker™ also provides the flexibility to define your organization and your peers by Classes of Trade to help manage spend and determine realistic savings opportunities.
Simply stated, PharmaChecker™ uses current, relevant data to produce real-time market pricing that provides our clients with the pricing negotiation advantage.
Core Functionality
Organizes values by:
- PRICING
- MARKET SHARE
- SPEND VOLUME
- DATE
Provides the flexibility to manage spend by account type:
- GROUP PURCHASING ORGANIZATION (GPO)
- US 340B FEDERAL DISCOUNT DRUG PROGRAM
- WHOLESALE ACQUISITION COST (WAC)
- RETAIL
Use PharmaChecker™ to:
- Access market pricing data on drugs for which you may not have a purchasing history
- Analyze price trends over time
- Access data from BroadJump’s marketplace to immediately produce paid price points for specific pharmaceuticals purchased during the past 12 months
- Compare pricing data with peers both individually and at a high-level group perspective
Relevant Insights & Resources
Here are some resources to provide you with additional insights about healthcare cost management and analytics.
Check out this video to learn more about PharmaChecker
