The pharmacy decision that saved Sentara Health $1M in 5 months
Like many health systems, Norfolk, Va.-based Sentara Health was challenged with how to optimize drug spend without adding to their staff's already demanding workloads.
Seeking a more efficient and effective tool than their wholesaler analytics platform, Sentara opted to implement a new drug spend optimization platform. The decision helped detect overcharges, simplify the credit and rebill process and identify lower-cost alternatives. Within five months, Sentara eliminated more than $1 million in annual drug spend.
This brief report delves into how the system achieved such significant savings.
Key learnings:
Seeking a more efficient and effective tool than their wholesaler analytics platform, Sentara opted to implement a new drug spend optimization platform. The decision helped detect overcharges, simplify the credit and rebill process and identify lower-cost alternatives. Within five months, Sentara eliminated more than $1 million in annual drug spend.
This brief report delves into how the system achieved such significant savings.
Key learnings:
- The advantages of utilizing a spend optimization platform
- Best practices behind the success of Sentara's software implementation
- Benefits of leveraging both a supply chain expert and software to optimize purchasing workflows and drive savings
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