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 and 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).
  • 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 spending analysis.
  • A consolidated and scalable perspective of all procurement data from multiple stores.