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Drug Cost Control and Analytics

Cardinal Health provides consulting expertise as well as proprietary, web-based technology to deliver the resources and actionable insights so pharmacy leaders can achieve substantial cost savings through drug cost control.

 
 

While hospitals are surrounded by tremendous amounts of data, getting meaningful information, particularly utilization-based data, to identify opportunities and realize savings can be complex and time consuming for hospital clinical staff.

Cardinal Health can help hospitals achieve cost savings by focusing on both price and utilization, providing recommendations to help you implement best practices and technology to track improvement.

Our web-based dashboard enables pharmacy leaders to rapidly identify top drug cost drivers and trends, as well as benchmark performance – with drill-down capabilities to the physician level.

We also maintain a dedicated staff of Pharmacy Product Master data experts who can help customers efficiently update and maintain accurate electronic pharmacy item master files, which is essential for meaningful decision support for the pharmacy.

Finally, Cardinal Health can help you analyze purchases to identify savings opportunities from drug costs so you can drive the maximum value from your Group Purchasing Organization (GPO) contracts.  

Drug Cost Control Solution

Achieve average cost savings of 3% to 5% of annual drug cost spend and improve patient outcomes.

Pharmacy Product Master Services

Ensure medication utilization and charging data accuracy through a comprehensive review and update of the Pharmacy Product Master.

Drug Cost Opportunity Analytics

Rapidly identify top medication drivers and benchmark performance, and track antibiotic usage and susceptibility.

GPO Contracts Optimization Service

Analyze drug purchases to identify savings opportunities to drive the maximum value from Group Purchasing Organization contracts.

Five ways to make benchmarks work at hospital pharmacies

Benchmarking can be an essential tool in driving the hospital pharmacy agenda - one that has become increasingly more robust with recent innovations in information technology and data warehousing.