Pharmacy

Account-level pharmacy expense management

BroadJump for Healthcare Pharmacy Executives

Pharmacy costs continue to increase, creating a greater need to monitor and control spend. You can make a major impact on your pharmacy expense by addressing three critical needs: Real-time spend transparency, visibility into current market pricing and assessing the impact of drug shortages.

BroadJump’s PharmaPricer™ solution enables you to compare pricing in real time to that of hundreds of peer facilities purchasing the same drugs while helping significantly reduce the cycle time to renegotiate pricing agreements.

PharmaPricer™ 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 PharmaPricer™ to:
  • Achieve significantly reduced cycle time for pricing negotiations
  • Monitor volatile pricing during drug shortages
  • Analyze proposed pricing prior to signing a contract

PharmaPricer puts quick, actionable pharmaceutical savings opportunities at your fingertips.

As a result, you can achieve significant savings, in many cases without having to adjust your formulary.

How Our Pharmacy Solutions Work

—  Consultation to define goals
—  Data feed integration
—  Data integrity
—  Savings opportunities analysis
—  Reporting
—  Negotiation Planning
=   SAVINGS

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.