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Pharmacy Bid Process
- Assistance in preparing pharmacy bid
- Obtain invoices from current pharmacy vendors
- Review commonly used medications & brand/ generic ratio
- Develop Request For Proposal (RFP) tailor made for your facility
- Review bid proposals
- Apply proposed discounts from RFP to actual medications used in facility
- Side by side analysis of RFPs to insure apples to apples comparison
- Recommend Award
Audit Services
- Pharmacy Invoices
- Monthly Review electronically of Pharmacy invoices to insure correct pricing
- Identify Medicaid Pass Thru Medications
- Monthly Report identifying carveout medications billed to your facility
- Identify Inappropriate Medication Use
- Monthly Report identifying medications that are inappropriate to use in a population
65 years and older according to study conducted by Mark Beers, MD . (HCFA tag# F329
& F429)
- Review generic medication Average Wholesale Price (AWP)
Formulary Development/Compliance
- Develop a facility specific program to electronically monitor formulary compliance.
Assist in the development of formulary or employ preexisting formulary.
- Monitor adherence to formulary by utilizing pharmacy invoices
- By Medication
- By Physician
- Provide a monthly report card to facility
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