Maximizing Your Health System’s Revenue

Pharmacy is one of the largest cost centers in a hospital and can make a big impact to your bottom line.

The CompleteRx Plan

Our financial services help hospital pharmacies maximize revenue cycles and contain costs. We augment:

  • Purchasing power
  • Purchasing programs
  • Clinical protocols
  • Inventory control
  • Pharmacy staff stability

Assessment

CompleteRx saves clients money in numerous ways, starting with a comprehensive assessment of potential cost savings opportunities available to the facility.

When evaluating savings opportunities we take into consideration the client’s GPO contracts, patient populations served, resources available on site required to implement the programs, and the level of physician collaboration needed to pull through the initiative.

Savings

Using this information and benchmarks from our proprietary databases we develop a plan outlining realistic savings targets. Once finalized, we prioritize programs for implementation and provide our clients with supplemental tools, templates, and subject matter expertise to implement each initiative identified.

Reporting

Savings achieved are tracked monthly. Updates on actions taken, results achieved and roadblocks encountered are presented to senior hospital leadership at regularly scheduled business reviews.

Ongoing Research

CompleteRx employs subject matter experts that continuously review new GPO purchasing programs and changes to the medical literature. When a new savings initiative is identified, we assess the savings opportunity for each of our client locations and when appropriate, add the initiative to the ongoing savings implementation plan.

research

In other instances, a new drug product may provide a patient benefit but will generate additional cost to the hospital. In these circumstances we can help quantify the economic impact on the hospital’s budget weighing reimbursement against cost. We also provide support to implement best practice prescribing guidelines to ensure appropriate utilization.

Minimizing Drug Costs

Drug shortages continue to have a major impact on drug costs. We help minimize the cost impact of drug shortages through our CompleteRx buying programs and collaboration among our facilities.

Government reimbursement programs, like 340B, can dramatically reduce a hospital’s drug spend. CompleteRx helps clients determine whether they qualify, and if so, assists with implementation and ongoing compliance.

$15,800 in staffing costs reduced

We overhauled one hospital client’s Medical Management System and saved them thousands in staffing costs.

Let us save you more.