Benefits
Time Savings
- Single ordering system for purchasing and/or reordering items for each the pharmacies’ enrolled vendors.
- Single source for reporting and accurate cost accounting.
- Single source for contract management, private contract management and market share tracking.
- Electronic order confirmation on every order.
- Reduces out of stocks.
Cost Savings
- Optimal product selection based on user parameters.
- Substantial savings through informed product/sourcing decisions.
- Notification of filtered lower cost items.
- Daily updates of all prices from manufacturer, vendor and contracts.
- Rebate analysis and notification.
- Results that are both measurable sustainable.
Compliance
- Real-time invoice auditing.
- Product Selection compliance - Multi-Site pharmacy managers can ensure the proper items are being ordered throughout their network.
- Reduced rogue spending by driving compliance through product and source management established from the administrative level.
- Generates a "Dynamic Formulary" for products based on filters. In addition, formulary overrides can be set to drive compliance to specific products.
- Provides transparency (Sarbanes Oxley).
- Provides a "front-end" interface to allow pharmacy systems to interact to ensure the proper product is being ordered.
- Real time information for a rapidly changing marketplace.
- Automatic generation of rebates based on rebate period and algorithm.
Optimize Turns
- Better package size selection.
- Tracks average monthly usage by product group not just the product.
- Identifies inactive product in inventory.
- Bar Code Scanner support with OneScan® a proprietary software product allowing remote ordering, inventory and receiving of products.
Analysis
- Effective easy to use spend analysis.
- A consolidated and scalable perspective of all procurement data from multiple stores.