MAXIMIZE PHARMACY SAVINGS
Using robust analytical tools and channel strategy management to achieve pharmacy savings quickly
Our Story
WHO WE ARE
WHAT WE DO
Our team is comprised of pharmacists and pharmacy analysts with years of experience working in the most reputable and sophisticated health systems in the United States. We take a data-driven approach that provides real-time insights to drive medication decisions. "Pharmlytics" is what we're passionate about.
We'll spare you the buzzwords and get straight to the point. We will find you pharmacy savings. Period.
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We know you are under pressure to improve financial performance while maintaining clinical quality.
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We have a developed a multi-faceted approach that allows us to explore every savings opportunity available.
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We are highly skilled at analyzing big data quickly, accurately, and delivering those identified savings clearly for any audience to digest.
Case Studies
Maximized Reimbursement
Monitoring and forecasting ASP is crucial to maximizing reimbursement in the rapidly changing biosimilar market. In this example, Pharmlytics identified declining reimbursement for the customer's preferred biosimilars, advised a change to biosimilars with more stable reimbursement, and secured a contract yielding significant purchasing discounts. The result was a $7M annual margin benefit for this customer, a mid-sized hospital system.
Specialty Pharmacy
A system-owned specialty pharmacy means better care for patients and financial benefit for the health system. In this example, Pharmlytics helped to grow specialty pharmacy margin 32% by advising the customer on internal and external referral programs to increase top-line revenue, and optimizing drug distribution to drive in six-figure annual savings on generic specialty medications.
Drug Distribution
Drug distribution is complex, and understanding and managing prime vendor agreements (PVA) with wholesalers is a full time job. Pharmlytics can provide a comprehensive review of your drug purchasing program, including a retrospective review to ensure you are receiving all wholesalers and manufacturer discounts owed, and advise on how to recoup missing funds. We have discovered over $750k in owed discounts on separate occasions for multiple customers. We can also handle RFPs and ongoing PVA compliance and analytics to ensure you get the discounts owed to you and see in real-time how you are performing against your contract.
Staffing
Pharmlytics can support your current staff pharmacy supply chain staff, or serve as an alternative to hiring staff. If you sign up for an ongoing plan, we can do the work of a team of people at half the cost (and get you on great terms with your CFO ).
