PharmaChecker™

Real-time Pharmacy Pricing Data, Even for Off-Contract Drugs

Checking pricing for and negotiating off-contract items can be difficult for pharmacy supply chain teams when there’s no spend history. This lack of visibility can cause variance and potential savings left on the table. With BroadJump’s PharmaChecker™, now you can control your pharmaceutical spend and stay on top of drug shortages by comparing pricing for drugs you’ve never even purchased.

PharmaChecker™ allows you to evaluate market-relevant pricing for your pharmaceutical purchases in real-time, viewing market dynamics for any National Drug Code.

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

    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.

    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

    PharmaChecker™ uses current, relevant data to show you what a fair price really is, so you have the information you need to negotiate with suppliers.

    Client Management

    As a company invested in your success, our Client Management team provides coaching and support for your initiatives. The team works collaboratively with you to help you learn the platform, integrate the analyses into your workflows and strategically pursue savings opportunities in a systematic way.

    Our Client Management team acts as your trusted advisor, serving as an extension of your team.

    Every member of the team has extensive supply chain, clinical, value analysis or group purchasing organization experience.

    These seasoned professionals:

    Work collaboratively with you to identify savings opportunities across the range of your non-labor expense

    Help you develop a reporting system to measure the key drivers of your expense over time, as well as the results of your savings execution strategy

    Provide market insights and assist with preparation for supplier negotiations

    Relevant Insights & Resources

    Here are some resources to provide you with additional insights about healthcare cost management and analytics.